Said conspiracy theorists: "Debatably,
That the cost of food acted inflatably
Brought Egyptians to crisis,
But started when prices
Were eased by the Fed quantitatively."
The Wall Street Journal's Real Time Economics reports on a speech yesterday by Fed Chairman Ben Bernanke, in which he said that it's unfair to blame global food inflation (and by extension, political unrest) on US monetary policy. Recent spikes in the prices of such commodities as wheat, soy and sugar are due to supply constraints such as bad weather, and increased demand from increasingly prosperous emerging markets, says Bernanke.
Friday, February 4, 2011
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Said a Harvard professor of econ, "That Google's got something unique on: They have cash by the score, Yet still borrow more; T...
-
"After proofing each check and gratuity, We've determined beyond ambiguity: Your expenses look funny, If none of this money ...
-
Said the Lehman bankruptcy inspector Of the repo transactions that wrecked 'er: "The Feds, who were looking At books that were ...
-
I'm buying a Powerball ticket (Or several, or even a thicket), In hopes I may win A billion bucks in The unlikely case that they pic...
-
Economists show the proclivity Toward lamenting the lost productivity When Americans cling, From the first day of Spring, To basketball ...
-
Facebook is valued at plenty By Wall Street's high-tech cognoscenti, Based on 1 billion friends Times $5 each, then Times the IP...
-
The US has always depended On a rate of consumption that's splendid, By consumers for whom The means to consume May soon have them over...
-
Though intended to thwart something scandalous - That those who have millions on hand do less - The AMT's hardest On households more ...
-
"In reviewing your earnings per annum, We're less than impressed, and we pan 'em. The bank may have gains, But this letter ...
-
Thomas Hoenig, the hawkish Fed governor, Says: "The Dollar has way too much dove in 'er; With a null target rate, I doubt we...
Dr. Goose's Blogs of Note
Posts
No comments:
Post a Comment