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Monday, July 21, 2008

Yin Yang Time: Blaming Short Sellers for Market Conditions; Vietnam Cuts Gas Subsidies, but Increases Inflation; Food Commodities Force Mid-East and African Countries to Choose between Food and Water


MWF (Monday) Briefing:

  • "Global food shortages have placed the Middle East and North Africa in a quandary, as they are forced to choose between growing more crops to feed an expanding population or preserving their already scant supply of water." NYT
  • The Vietnamese government raised gasoline prices about 31% to cut state subsidies and control cross-border smuggling, improving the odds of a further boost to inflation that's already running rampant.Marketwatch

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