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Billionaire investor Ray Dalio warned the US could be on the verge of civil war — Now a prominent market bear is saying investors should monitor this under-the-radar bubble, which could trigger unrest

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020

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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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