Edwards is particularly concerned about the rise in grain prices.
The rise in food prices can be attributed to the Federal Reserve's quantitative easing program, Edwards said. He believes the liquidity will be sucked into whatever fundamental-driven trade emerges as a leader, which in turn moves the asset into a price-momentum bubble."Annual inflation in cereals reached 20%, the highest annual rise since mid-2011 when the Arab Spring was in full flow!" Edwards said.
Several economists have said the Fed's quantitative easing program played a role in hiking up food prices in 2010. However, former US Federal Reserve chairman, Ben Bernanke"The truth though is that central banks have no control over which financial bubbles will ultimately emerge as they spray QE into financial markets," Edwards said. food inflation is a reality.
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FUD
No just restoring order to the people !
OMG, where did all these over-sensitive spaz's come from? 300 idiots break into the capital and now it's a civil war? LMAO. CALM THE F DOWN PEOPLE
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
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