Thursday, September 13, 2012

Wages Paid in Rice

The following chart shows how we would have been doing if wages were paid in wholesale rice instead of dollars.


Click to enlarge.

Our dollars just aren't buying as much rice these days. That's okay. We are still getting a great deal on rice burners.

The pejorative is often intended to denigrate cars which have been modified cosmetically to give a false impression of high performance, but are not actually capable of it.

It's the perfect car for this economy. Sigh.

August 10, 2011
The Food Crises and Political Instability in North Africa and the Middle East (pdf)

Social unrest may reflect a variety of factors such as poverty, unemployment, and social injustice. Despite the many possible contributing factors, the timing of violent protests in North Africa and the Middle East in 2011 as well as earlier riots in 2008 coincides with large peaks in global food prices.

I would bet that more is coming. QE for the win! Sigh.

See Also:
Sarcasm Disclaimer

Source Data:
The World Bank: GEM Commodities
St. Louis Fed: Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private

4 comments:

  1. What the fed is doing to my investment plans: Downgrade house and upgrade garden so that I can grow my own vegetables.

    And regarding North Africa. To calm tempers, maybe our Supreme Leader can hold another one of his grand speeches in Cairo and get one more of these nobel peace prices that recently got handed around.

    ReplyDelete
  2. Anonymous,

    What the fed is doing to my investment plans: Downgrade house and upgrade garden so that I can grow my own vegetables.

    At the very least, it can't hurt.

    Are you to this point yet? I clearly am. Sigh.

    ReplyDelete
  3. Stag, I am not there yet, but I am with you and think hoarding is going to be the next big thing. Did you know that youhoard.com is still free? Once I find 20 spam mails per day in my inbox that tell me what products to hoard, I know that its time to invest pro cyclical again. But right now its still mortgages, consumer disretionary, and viagra.

    ReplyDelete
  4. Anonymous,

    I only hoarded because it seemed better than loading up on 0% treasury bills. It wasn't that I expected shortages. That said, no complaints so far. Sigh.

    ReplyDelete