Website review: R.O.I. - WSJ.com
konradc discovered this in Food/Cooking
•7 reviews since Apr 23, 2008
cooking
•online.wsj.com/article/SB120881517227532621.h...
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Reviews of this website
mookiegifts rated 2 months ago- Oh yeah brilliant idea. Pffft
- milzika rated 2 months ago
- I dont want to alarm anyone but ALARM ALARM "I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. No, this is not a drill."
- aliasinkhorn rated 2 months ago
- R.O.I. Load Up the Pantry From the page: ""Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic) Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax. Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year. And some prices are rising even more quickly. The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They're all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%. These are trends that have been in place for some time."
- benadamx rated 2 months ago
- "I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. No, this is not a drill. You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here. Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster. "Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic) Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax."
- mxlp rated 2 months ago
- The Wall Street Journal is telling people to hoard food as a hedge against rising prices. Blames the middle class in China and India, citing their emerging gluttony is driving up costs. Presumably all those newly minted middle classers are screwing us on oil too - all that driving to grocery stores. The main reason for rising prices, of course, is the surge in demand from China and India. Hundreds of millions of people are joining the middle class each year, and that means they want to eat more and better food. One day I may have an opinion on the economic inconvenience people in other countries are causing Americans just so they can eat good food, however at the moment I'm too steamed about the impact of this hoarding on the checkout lines at Costco this afternoon - seriously, you gotta see it for yourself.
- migsabo rated 2 months ago
- Fuck This guy and his rupert murdoch scare tactics. Stock piling food in times of an impending food shortage! Just stop eating so goddamn much.
- hrlabonte rated 2 months ago
- From the page: "I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food."
