Originally published at Notes from the bunker…. You can comment here or there.
Of course, these are also the same folks who bought getaway places for Y2K and when it was over found themselves with a little egg on their face. Contraversely, if they held onto those Y2K getaway homes they’re probably exactly what the market is looking for now.
When asked if this is an end of the world scenario, the hedge-fund manager replied, “It really is. I tell my fiancée this from time to time, and I’ve stopped telling her this, because it’s not the most pleasant thought.’
The colloquial term is ‘food security’. The Chinese have been doing this on a grand scale with chunks of Africa.
