The headline of an article on Bloomberg warns "Food
Prices Will Rise, Causing Export Bans, Riots".
Leading economist Nouriel
Roubini warns of possible food riots.
The Financial Times points out that farmers rely on credit,
and credit
is drying up.
One of the top experts on derivatives, economist Nassim Nicholas
Taleb, warns
that supermarkets may not be able to borrow against their
inventory, and will thus be forced to shut down.
I hope they're wrong. But when
experts like Roubini and Taleb warn of a potential problem,
I have to listen.
