Go Back   Natural Medicine Talk > Health > General Discussions

Thread Tools Display Modes
Old 01-03-2008, 09:15 PM
Iggy Dalrymple's Avatar
Iggy Dalrymple Iggy Dalrymple is offline
Join Date: Apr 2006
Posts: 772
Iggy Dalrymple will become famous soon enough
Default Forget oil, the new global crisis is food

Forget oil, the new global crisis is food

BMO strategist Donald Coxe warns credit crunch and soaring oil prices will pale in comparison to looming catastrophe

Alia McMullen, Financial Post Published: Thursday, January 03, 2008

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.

"It's not a matter of if, but when," he warned investors. "It's going to hit this year hard."

The amount of U.S. grain currently stored for following seasons was the lowest on record, relative to consumption, he said. http://www.financialpost.com/story.html?id=213343
Reply With Quote
Please reply to this thread with any new information or opinions.

Thread Tools
Display Modes

Similar Threads
Thread Thread Starter Forum Replies Last Post
Don't forget to say hello! knightofalbion Forum Support 16 09-19-2010 07:27 AM
U.S. Attempting Global Censorship of GMO Food Labeling liverock Nutrition 5 05-15-2010 06:45 AM
Forget the Holidays... nightowl Chitchat 8 10-21-2009 08:05 PM
Financial Crisis Matrix Thrift & Financial 11 10-18-2008 09:15 AM
The Oil Non-Crisis Arrowwind09 Chitchat 0 08-24-2008 01:51 PM