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Carghills is one of the larger food conglomerates on earth.Its CEO, Dave Maclenna, has recently changed his mind about the transitory nature of inflation.In an interview with Bloombergshe saidThe global food index may break into territory not seen this decade.[ATTACH=full]133196[/ATTACH]I guess for the wealthy elites, this is not big deal, as long as the supply is there.if you can pay $5,000 for a gucci handab or $10,000 for a pure Alpaca wool coat, having your food prices double or even triple is of no great concern.For those at the bottom it is of great concern.Mick
Carghills is one of the larger food conglomerates on earth.
Its CEO, Dave Maclenna, has recently changed his mind about the transitory nature of inflation.
In an interview with Bloombergs
he said
The global food index may break into territory not seen this decade.
[ATTACH=full]133196[/ATTACH]
I guess for the wealthy elites, this is not big deal, as long as the supply is there.
if you can pay $5,000 for a gucci handab or $10,000 for a pure Alpaca wool coat, having your food prices double or even triple is of no great concern.
For those at the bottom it is of great concern.
Mick
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