Just Another Day In Paradise

Today we see the economic crisis reaching a critical level in Poland where Polish Government Approves Asset Sales to Cover Swollen Deficit. We have already seen this here in Arizona where the State has put public assets up for sale.

U.S. Stocks Fall as MBIA Downgraded, Bove Says Banks to Retreat has shaken the markets up in tandem with the CIT hitting the fan once again as CIT Shares Fall on Bankruptcy Warning.

For the first time in 15 years the average size of new homes has shrunk in The Incredible Shrinking Home. Perhaps its due in part to the fact that according to the “Working Poor” report: Nearly 30 Percent of US Families Subsist on Poverty Wages.

Seems that the main streamers have caught on in Stocks: The Latest Fed Bubble. Welcome to the party...sorry, we're all out of kool-aid.

Keep your eye on food prices as headlines continue to pour in like Food Crisis Could Force Wartime Rations and Vegetarian Diet on Britons.

I think we are starting to see a pattern here in food prices bottoming. As Jim Rogers loves to point out, the fundamentals are strong in agricultural commodities. The world is growing, the number of farmers is steadily decreasing and the farmers that are in the business are having tremendous difficulty in securing financing to grow their crops.

Wheat

Corn

Orange Juice

Milk