Tuesday, January 1, 2008
Inflation and interest rate cuts, hmmm.
Food prices worldwide hit record highs in 2006, and all the signs are that they will go on rising this year, and for the foreseeable future. The era of cheap food, the experts say, is over and we are going to have to get used to it. So how will interest rates be cut to support house prices in this environment? This is not 2005!! Peak Oil, Peak food, peak everything. We are living at the peak of materialist civilisation. Make sure you enjoy its brief moment.