Inflation in Emerging Markets emerges as a new threat

BRIC Inflation Imperils Consumer Stocks as Food Rises - Businessweek

Impact on consumers is huge. Comment below from Business Week is quite illustrative of this...

"Economic growth and supply shortages sent a United Nations gauge of food prices to a record last month, cutting the buying power of 2.8 billion people in Brazil, Russia, India and China who spend 19 percent of their income on groceries, compared with 6 percent in the U.S., Euromonitor International data show."

This is the kind of stuff revolutions are made of. We have seen this movie played out in Tunisia; we are likely to see other dominos fall if inflation keeps its upward trend unchecked. Despots, dictators and democratic governments are all under the gun. It'll be interesting to see how the story evolves over next 8-10 months.
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