The comment about the search for yield is right on.

Reader comment on: Sheila Bair on Farmland Bubble, Interest Rate Risk
in response to reader comment: Farmland Bubble

Submitted by Lyle (United States), Oct 19, 2010 09:25

As people cast their net more and more trying to get rich quick, more and more bubbles arise. Ethanol is of course a boondoggle. If we did it right we would use the rum process (sugar cane) rather than the whiskey process corn to make our ethanol. Central America, and northern south america would become the Saudi Arabia of ethanol in this case. It's interesting that because we keep the price of sugar high to protect domestic manufactures sugar ethanol is not profitable in the US.

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Title By Date
Farmland Bubble [316 words]J.JohnsonOct 18, 2010 19:29
↔ ⇒ The comment about the search for yield is right on. [86 words]LyleOct 19, 2010 09:25

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