U.S.-Chinese currency link creates spiral in global food costs

Monday, January 17, 2011
By Paul Martin

Worldwide commodity inflation looms as a threat

By Patrice Hill
The Washington Times

Loose-money policies in the United States have combined with robust growth in China and other emerging nations in recent months to set off a price spiral in food, energy and other basic goods needed to run the economy.
The trend threatens to pick up speed and become an obstacle for the global economy this year as growth in the United States accelerates to as high as 4 percent and contributes to burgeoning demand for basic goods obtained in global markets.

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