Saturday 12 December 2009

Let them eat garlic


forget the gold standard (previous post) and put all your monies into garlic. In the most recent Economist a quirky little article on China's latest commodity boom The massive boom in garlic prices - currently easily outstripping copper and rising in value by 77% in the Shanghai stockmarket. Garlic prices are soring in China, but driven be warned not by consumers but speculators Apparently what we are seeing with garlic in China at present is "an asset-bubble-foaming stage." The molecular gastronomists would love that. Or Brian Lenehan could use it when next trying to defend the propping up of our deadbeat banks

1 comment:

RB said...

Garlic cloves look a bit like tulip bulbs, and look at the way the Dutch went mad about those in the 1600s.