Be sure to also view the MSN video on the column pages: "What Farmers are Saying."
Why we're stuck with insane prices
Forget supply and demand. We're now seeing scarcity economics at work -- what happens when buyers fear they won't get what they need at any price.
By Jim Jubak
If you think prices have become insane, you're right. But insanity rules markets for everything from oil to rice right now. In fact, insanity is the new "normal."
For example, why should oil sell for $119 a barrel, a whopping $55 a barrel, or 86%, higher than it did last April?
[snip] Read the entire column.
Get Ready ... Seriously - www.safecastleroyal.com