Nobel laureates on "decoupling"
Nobel laureates in economics Gary Becker of the University of Chicago, Edmund Phelps of Columbia University, Myron Scholes of Stanford University, and Michael Spence, former dean of the Stanford University Business School, participate in a panel discussion at the Milken Institute Global Conference in Los Angeles about the theory of "decoupling" and outlook for the U.S. and global economies.
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courtesy of bloomberg
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Food crisis: a supply and demand story
Martin Wolf on Financial Times analyzes current food crisis using supply and demand. The major demand increase comes from corn use for ethanol production in the US, not from China or developing countries. According to Martin, the global supply of food faces serious constraint in coming years. He did not mention anything about the falling dollar.
