The Wall Street Journal says "yes"...

"Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic)

Nice.

Stockpiling food is going to create the gas lines and shortages we had in the 1970s. It's just going to make prices go up, and make folks punch each other in the face over that box of Lucky Charms.

Meanwhile, it'll make investors like Manu Daftary more wealthy.

Labels: Food Shortage