Tuesday, December 11, 2012

Global Food Price Index at Record High, Compare Against Central Bank Balance Sheets and Total Credit Market Debt/U.S. GDP (Charts)

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.

Source: DoubleLine Capital, World Bank

Source: DoubleLine Capital, Zero Hedge

Total Credit Market Debt/U.S. GDP - Source: St. Louis Fed
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