Sunday, December 14, 2014

Parabolic Hyperinflation Theories Thwarted by Twisted Maize of Cornucopia Puns

The following chart shows the export price index for corn (in black), the 3-year moving average (in blue), and a parabolic trend of a section of that 3-year moving average (in red).

Click to enlarge (the chart is larger than normal).

Planting a few ideas...
Displaying the data in an easy to digest format...
Getting to the root of the problem...
Stalking the long-term trend like a rabid gopher...
Sticking a fork in it...
Serving the hyperinflationists on a silver platter...
Grilling the conspiracy theorists...

I sure hope you like puns. If not, this post is a complete turkey.

November 26, 2014
High Turkey Prices: Don't Blame Ethanol

“The low-priced feed is just coming in now,” Alexander told the Chicago Tribune earlier this month. “By next year, we’ll be looking at lower turkey prices.”

Cheaper turkeys seem baked in. Cornish game hens too? We'll certainly be well Fed! What might it mean?

We may continue razing long-term interest rates over the long-term! Hurray!

Just be very careful how you invest, or you might get Roger'd or Schiff'd.

August 28, 2013
Big Picture Agriculture: Remarkable Graphs of Corn & Soybean Profitability

If we were dealing with a commodity that feeds the world’s growing populations, like Jim Rogers always tells investors, the price of corn would go up because of natural, growing demand. Instead, we’ve had overproduction of corn for decades on end, and it feeds agribusiness, not the world’s growing populations.

August 3, 2011
Avoid Disaster, Get Out of U.S. Assets: Peter Schiff

Additionally, Schiff's inflationary outlook supports owning oil, agricultural commodities and industrial metals. "If the global economy is doing well, commodities are going to rise. There are a lot of commodity shortages and they will do well because governments will continue to create inflation. They're going to keep on printing money, so commodities will rise."

Yeah, only the United States is a disaster. The rest of the world is doing so much better. Can you hear my eyes sarcastically rolling around in their sockets? Lend me your ears!

I am often disappointed in my fellow permabears. As you can probably imagine, this is one of those times. Sigh.

See Also:
Where Is the Cornpocalypse?

Source Data:
St. Louis Fed: Export (End Use): Corn


Mr Slippery said...

There may be a kernel of truth in your post, but it left me wondering who the cereal killer was. Probably some flake.

Rob Dawg said...

Suffering' succotash!

Stagflationary Mark said...

Mr Slippery,

Kernel Potter was a master gardener, best known for his MASHed potatoes.

Kernel Klink was a master warden, best known for corn bread prison rations.

Libby Prison

Thus we have over ten per cent of the whole number of prisoners held classed as sick men, who need the most assiduous and skilful attention; yet, in the essential matter of rations, they are receiving nothing but corn bread and sweet potatoes.

Stagflationary Mark said...

Rob Dawg,

(Daffy) Duck might get cheaper too, but Succotash does sound like a recipe for economic disaster.


The Depression-era exclamation is said to be a minced oath of "suffering savior".

On a brighter note, Jimmy crack corn and I don't care. My master's gone away.

My master's military drones are now circling my house though. I should probably stop typing...


mab said...

Schiff and Rogers have been pumping commodities for ears.

It's amaizing they still get spots on bubble vision. I'm guessing they're on just to make Cramer look good by comparison. Not easy to do by any means.

What a bunch of (corn)flakes.

Corn, unicorn, Charlie, Candy Mountain! Welcome to the new eCORNomy!

mab said...

I might have been a little hard on Schiff and Rogers.
Seriously, it's hard to beat Cramer's "winners of the new world" call. Decorum prevents me from mentioning "one of the great ones" ....... Lenny Dykstra!!!!

Maybe if we "combine" the recommendations of Schiff and Rogers and use some leverage we can harvest even bigger losses.

We're gonna need bumper crop losses to top Cramer.

Rob Dawg said...

Admit it though. Kinda scary the associations that rattle around in that dusty attic I call a brain. Scarier is I knew about the Narraganset Indian origin of the dish.

I'm beginning to worry that the breakdown in commodities prices is a warning symptom that the financial sector is the illness.

Stagflationary Mark said...


Unicorn! Hahaha! :)

Lenny Dykstraw man + Cramer + Kudlow!

You cannot lose!

Two so-called rodeo clowns – people dressed in bright colors whose job it is to distract the bull if the rider is injured – are in the ring as well and are usually far more effective than the straw man.

Stagflationary Mark said...

Rob Dawg,

I'm beginning to worry that the breakdown in commodities prices is a warning symptom that the financial sector is the illness.

That's okay. Has there ever been an instance of a disease spreading if everyone just pretends it doesn't exist? We should be fine, lol. Sigh.