Chocolate is expensive © fintag

News comments:
Throughout history when things get tough, we blame sex. And so once again, there are calls for the culling of people to get the population down. Less people equals a fall in food prices. Apparently. In reality, the huge demand for food (when was the last time you saw a skinny person?) has actually brought food prices down to the lowest levels ever. Just like electric cars, when the demand goes up the prices go down. Technology and economies of scale. So I don't think we need to panic just yet.

One of the upshots of rising food prices is, unlike now where the rich are thin and the poor are fat, the rich will get fat and the poor will get thin. Now I don't want to be fat so these floods and fires are causing me some concern. However, in the short term panic is good for panic means price increases. In the long term we are all dead anyway so let us hope the short term lasts a long time.

Today's shorts:
Chocolate more expensive than Coke (telegraph)

Bread to become the preserve of the rich (reuters)

Today's longs:
US banks lure employees to their free canteens (telegraph)

The French decide to make all food transparent (reuters)

Old is the new black:
(see the cartoon)

Food is for the rich © fintag