i should have added this - pasta strike in Italy
http://www.sfomag.co...ail.asp?ID=6979
and they had a huge uproar here in Germany as milk prices were announced to rise c. 40% - industry attributed the rise to greater milk consumption in China and India - hmm, right!
klh
China & India are expanding their economy at double digit rates for the last half a dozen
years. When you consider they have a combined population in excess of 2500 Million souls,
it is entirely plausible that food & gasoline are going to inflate as demand is inflating there.
The supply of food & gasoline can NOT increase at double digit rates.
On the other hand prices of manufactured goods (autos, clothing, electronics etc) will experience
sub-par inflation because the manufacturing capacity has grown at double digit rates in those
two countries.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule