“Soaring fertilizer prices are likely to bring spiked food prices. If you’re upset that gas is up a dollar or two a gallon, wait until your grocery bill is up $1,000.00 a month, and it might not just manifest itself in terms of price. It could be quantity as well. Empty Shelf syndrome may be starting.”

The combination of ridiculously spiking home prices and mortgage rates that the Fed is now trying to push up further in order to tamp down on the ridiculously spiking prices is toxic for potential homebuyers. The average 30-year fixed mortgage rate, according to the Mortgage Bankers Association’s weekly index, jumped by nearly 2 percentage points from September last year, when mortgage rates were still near historic lows:

The Global Fertilizer Shortage Means That Far Less Food Will Be Grown All Over The Planet In 2022