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That will take some time to filter to policy, but it will.

I'm still betting on a lost decade.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Thu Feb 3rd, 2011 at 04:50:48 PM EST
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I'll concur with your assumption IFF Global Warming follows the IPCC forecast.

Should food prices rise 10%, or more, the affect on consumer discretionary spending for non-food purchases would be devastating.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun Feb 6th, 2011 at 03:19:38 PM EST
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