Tuesday, April 5, 2011

Global Food Wars and Riots To Spike 300%? There's An Index For That

The IMF has a report out supporting the predictability of my food riot/revolution index. It seems the rocket scientists there equate a 10% increase in global food prices, to a 100% increase in antigovernment protests.

That makes sense. They add an important consideration concerning the US and other developed countries that addresses the large and growing third world population within those nations. In this case the bottom quartile spend 35% of their income on food. With 45 million in the US on food stamps I’d say that data is now understated and dated.

Read More: http://www.econmatters.com/2011/04/global-food-war-and-riots-to-spike-300.html

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