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[pinalli]

What are the main reason for the price hike of Food Prices????

I think Bio-fuels are the biggest cause for price rise. what do you think?

[pinalli]

In a congressional hearing yesterday, the Fed Chairman Bernanke has repeated his warning over the serious threats to the financial system and highlighted that the spillover effects from the credit crisis to households and businesses can be already be seen.


President Bush was later in a speech confirming the message from Bernanke/Paulson. The speech was surprisingly gloomy and compared the current crisis with that of the Great Depression.

[ozone35]

Well, I think that there's no main reason, it's the conjuction of many of them. The oil price that has always been a bug for most of the countries, the world economical crisis and the fact that since the local economies are in crisis the exports tend to be reduce in order to benefit the inner consumption.