The Importance of Agriculture in the 20s

Hugh Hendrick: China is turning into a net importer of food, unlike the US. And it's doing that because it's running out of land and labor. He says Chinese food prices are higher than world food prices. That for me is why central banks will be under severe pressure from governments to keep raising rates. If I'm right, you're going to see the price of the market rise in the TLT - Hugh Hendrick. The most sensitive deflationary asset in the world, US Treasuries, is set to explode higher if this trend continues.