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Wheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Wheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Wheat futures are climbing after Ukraine's Black Sea ports came under renewed Russian fire, with three dry-cargo ships struck in recent days.
The attacks threaten grain exports from one of the world's most important agricultural regions, heightening concerns among UN officials that supply disruptions could reignite global food inflation.
Bloomberg reports:
A ship was damaged at Pivdennyi port and two more were hit near Odesa, according to a Defense Ministry post on Telegram. Earlier Thursday, Ukraine attacked the Russian Black...
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Friedman Was Right, Just Mostly Misquoted...
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Authored by Lance Roberts via RealInvestmentAdvice.com,
Milton Friedman’s famous one-liner that anchors half the inflation debates on financial television leaves out the part where the actual economics live. Once you put it back in, the doomist case gets a lot smaller.
Per Bylund recently wrote a sharp piece for The Daily Economy arguing that CPI and GDP have become Goodhart’s Law in action. When a measure becomes a target, it ceases to be a useful measure. He has a point, and we’ll come back to it....
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