Saturday, 19 December 2009

This is scary as hell...

On the 2010 food crisis. It seems that all the economists that I have any respect for are universally predicting Armageddon of some sort coming soon. The imbalances in the world economy are currently so huge and are absolutely not being corrected. Something is almost certain to go kaboom (a Minsky moment?) in the not too distant future but its rather tricky to figure out exactly what will be the trigger. An upcoming food crisis could just do the trick.

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