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Originally Posted by Ustwo
biofuels are consuming a lot of grain which in turn are increasing food prices
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Biofuels aren't the only reason for increasing food prices; and if we'd stop using corn it would make a big difference (switchgrass is one solution; but I'm no fan of biofuels as a longterm solution).
The price of gas itself is causing food prices to go up. Just getting it to you costs more. That and the fact that we import a LOT of our produce (especially during off-season) and while the dollar is weak the imports cost more.
I'm sort of with you on the whole "recession" thing ... a lot of it is sensationalized. It's no big surprise when people say the dollar is weak; or the housing market is screwed; or that the national debt is high. But everyone wants to be the "first" to tell us about a recession. Your comparison to weather forecasters is appropriate.