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This is Worse than the Credit Crunch

Posted June 9, 2008

“The vague hope that the financial fallout was over has seen stock markets around the world rally somewhat since their low points earlier this year. But news at the end of last week knocked them for six.” — John Stepek

by John Stepek

Baltimore – (TFN): The markets have finally woken up to the fact that there are worse things out there than the credit crunch.

The vague hope that the financial fallout was over has seen stock markets around the world rally somewhat since their low points earlier this year. But news at the end of last week knocked them for six.

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The Great Dilemma of 2008: Fuel Your SUV or Feed Your Family?

Record high oil prices and booming demand for bio-fuels has caused critical food shortages in the U.S. and will make a record 28 million Americans buy their groceries with food stamps…

Overseas this dilemma has turned deadly, as:

Deadly food riots broke out in Haiti… Trampled shoppers in Chinese supermarkets stampedes… An outright “rice crisis” leaves thousands malnourished throughout the Philippines…

But this is only the beginning. Take action now to protect yourself and your family from what’s quickly becoming the first worldwide food crisis in decades.

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The Dow Jones dived nearly 400 points on Friday, and the turbulence has continued this morning.

The end of last week brought the market face to face with a grim reality that it didn’t really want to hear: that inflation is loose in the system, and it’s not going to vanish any time soon, credit crunch or not. Read on to learn more.

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Posted by John Stepek · Filed Under US Stocks and Markets 

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