Click your heels three times and say “Money doesn’t matter, so we will print as much as we want.” Powell: “Give me back my printing powers!”

On The Verge Of A Global Crisis: One Bank Warns Of A “Biblical” Surge In Food Prices

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Key feed and food prices have been pulled to 9-month and 7-year highs

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One point is clear: global food insecurity falls heaviest on lower income, importing nations, who spend a far greater share of their income on food than the richer ones

The Fed would play an ironic role in this process even as it embraces fighting poverty and inequality alongside inflation

This could exacerbate (geo)political risk – potentially even regarding institutional architecture…


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