Food

I've been bothered by the potential for a food crisis but my fear has been based on a hunch and too much time of peak oil doom blogs...

But now this issue is moving into the mainstream.

Legendary investor Jim Rogers remains bullish on commodities and says the world will soon face food shortages.

The credit crunch, peak oil, and low inventories are creating the perfect storm. Even if there are no actual food shortages in the near term - I'd bet prices are going to rise. And rise.

The "food" story is taking the same trajectory as the real estate bubble: A few peak oil sites and other outliers hammer away. Then it moves into more mainstream "outliers". Then the country is shocked by a crisis that never quite made it to the MSM until the moment after...This trajectory scares me if it plays out with food the way it did with real estate. It scares the living hell out of me.

I do wonder if - by Fall - the central national issue will be food.