DoubleLine Capital's Jeff Gundlach put up a chart of the global food price index (via the World Bank) in his
presentation slides today (listen to a replay of his webcast
here). This seems like a dangerious trend in place. If you put the global food price index up against the sum of major central bank balance sheets and
total credit market debt/U.S. GDP, doesn't it seem like something has to give very soon? During the
call he had interesting views on the Japanese Yen, NIKKEI 225, Shanghai Index and quantitative easing.
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| Source: DoubleLine Capital, World Bank |
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| Source: DoubleLine Capital, Zero Hedge |
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| Total Credit Market Debt/U.S. GDP - Source: St. Louis Fed |
