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February 01, 2011

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Alain

I love this summation. But as you point out in the post about commodity speculation, it is a steep rise in wheat prices that was probably the single biggest factor in the uprisings in the middle east. I have seen amounts as high as 70% spike in bread in Egypt because they are the single largest importer of wheat in the world, per capita.

One last thought - of course the msm has not emphasized the economic causes of the revolution, but they haven't completely ignored them either. Ed Schultz just had a segment on the role of commodity speculation in the current unrest. Perhaps this is encouraging.

Thanks again.

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