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30 May 2011 – Riots feared as food prices soar

(AFR, 30 May 2011, Tom Bawden, London) “Food prices are expected to hit new highs in coming weeks, potentially triggering further unrest in developing countries, unless there is heavy rain across drought-affected Europe. “The average global price of cereals jumped by 71 per cent to a record ni the year to April, more than three … Continue reading

26 May 2011 – Dam opened as drought grips

(AFR, p12, Robert Guy, Shanghai) “China’s most severe drought in half a century has forced the opening of the floodgates of the massive Three Gorges Dam to boost water flow in the Yangtze River as lack of adequate water supply threatens agricultural and power generation industries….. Chinese officials have become increasingly concerned that low rainfall … Continue reading

28 May 2011 – Investors are fretting but it’s really just deja vu

(AFR, 28-29 May 2011; p33; David Bassanese) “… Many of last year’s problems have resurfaced… Old favourites include peripheral Europe’s ongoin sovereign debt problems, fears of Chinese economic overheating, America’s faltering economy. And we can add to this the disruption to global manufacturing caused by Japan’s spate of natural disasters, political instability in the Middle … Continue reading

28 May 2011 – Europe at the 11th hour

(AFR, 28-29 May, 2011, p51; Ben Potter) “Options are fast running out with Greece up to its neck in debt and threatening to pull Europe into the morass.”

28 May 2011 – China struggles to keep the lights on

(AFR May 28-29, 2011, p22; Robert Guy and Yvonne Ball, Shanghai) “With the mercury soon to rise, China is facing power shortages that are a huge threat to its turbo-charged growth machine.”

27 May 2011 – Triple whammy for borrowers

(AFR, p13, Ruth Liew and John Kehoe) “Christmas spending, natural disasters and the interest rate increase last November have pushed mortgage arrears to a record high. Delinquincies of 30-plus days in the Australian prime residential mortgage-backed security (RMBS) sector hit 1.79 per cent in the first quarter – a record since the Fitch index was … Continue reading

24 May 2011 – US housing crisis deepens

(AFR, p13) “The biggest US banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on recovery….” Eric Dash, El Mirage, Arizona.

May 2011 – End blog testing.. let’s get serious

Have been playing around with the web blog and posts on and off for a couple of years. Now it is time to start using it seriously. Post newspaper headlines and snippets of news that are bearish……