THE REAL ECONOMY VS. THE PAPER ECONOMY The Real Economy . Oil at a record, rice too. Gold hitting $1000 an ounce, silver way up. Corn prices boosted by ethanol demand. Food riots in Haiti, Guatemala, Argentina and more. 24 countries dropping food import tariffs because they are seeing food shortages...
ECONOMIC VIEW . Three points to think on today: Lucy heard the term on “ stagflation ” on CNBC early Tuesday morning and asked me what it was. I replied that stagflation was when inflation was rising and problematic … and … the economy was almost at stall level or shrinking. And that it happened to the...