31st January 2011
Today's discussions are mainly centred around Egypt:
"Egypt and Tunisia usher in the new era of global food revolutions. Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow. If you insist on joining the emerging market party at this stage of the agflation blow-off, avoid countries with an accelerating gap between rich and poor. Cairo's EGX stock index has dropped 20pc in nine trading sessions."
poldark says: "And they are predicting our population will reach 70m by 2020. Our politicians should be looking at reducing our population to 50m by 2020. All immigration should be stopped. Our reservoirs are only 70% after the Winter we have had. If we have a hot dry Spring/Summer there will be water shortages. We should be building more reservoirs if the population is to rise to 70m by 2020. But just like we will have a shortage of generating power in a few years time there will be a shortage of water, our politicians are absolutely useless"
"Whatever the purely political impact of the unrest in Egypt proves to be, it is pretty much the last thing a fragile world economy needs now. It will trigger more inflation, higher interest rates to tame it, falls in stock markets and a further hit to standards of living. The effect on China, in particular, could be especially dramatic, as the country has such an insatiable appetite for fossil fuels."
Newscritter comments: "Whatever the purely political impact of the unrest in Egypt proves to be, it is pretty much the last thing a fragile world economy needs now."