Hugh Hendry: World Food Crisis Coming If Asia Doesn't Slow Down
Heads up all you Hugh Hendry fans!
The gold-tongued hedge fund managers was on TV in the UK last night, and apparently sounded the alarm about a coming food crisis.
CityWire:
‘Asia is putting on fantastic economic growth and if China or Asia does not have a great recession, we will have pressure on the food supply,’ he said.
‘For 30 years, the price of agriculture has collapsed it fell by 90% in real terms so we haven’t invested in the sector. As a world society, we are now acutely vulnerable in the business of feeding ourselves because we have not spent enough and organised the production of agriculture in a manner that is appropriate.’
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