Thursday, September 23, 2010
Stepek points out the elephant in the room plus some commentary about the FSA's recent efforts. "it's been a great week for people who like the idea of paying more money for their clothes and food. Cotton hit a new high, at a time when retailers are already warning of rising clothing prices. And of course, we've all heard about surging grain prices. Does that sound daft? It is. But it makes no more sense to cheer rising shelter costs than it does to be pleased about rising food or clothing prices. And yet, we still can't seem to get our heads around the idea that falling house prices might actually be a good thing."