Summary List Placement
Several big-name investors have started raising concerns about market bubbles, identifying frothy behavior in certain asset classes, from technology stocks, to SPACs, to small-caps and Bitcoin.
But there is one bubble that seems to be flying under investors’ radars: food prices.
Société Générale’s market strategist, Albert Edwards, thinks there is a bubble forming in food prices and it could have major consequences.
The long-time market bear first flagged the issue in a December 17, 2020, research note. Now he is reiterating the message on January 14.
Edwards has been watching the UN’s Food and Agriculture FAO Food Price Index details ⇒
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