This sure is another big negative for the economy and for the typical man in the street.
- China and India growing affluence demands more
- Weakening USA Dollars buy less
- Staples like corn are converted to ethanol and so on
- Farmers growing more profitable crops
- Global warming effect, what used to be productive now isn’t
All these adds up to more money chasing lesser goods and that results in inflation. A negative factor when the Fed are considering lowering the interest rates.