Capital fled real estate and found refuge in other apparently unrelated financial assets. Capital flooded into commodities to hedge against what speculators worried would be inflation caused by the fed's quantitative easing programme. It turned out, though, that there was no generalized inflations as orthodox economists might have predicted,. There was a massive rise in commodity prices, including food. How did that real estate bubble move from one market to another? And what did it mean for a bubble in the giant, just gigantic housing market to move to the really big, but relatively much smaller commodities market?
Rupert Russell and Isabella Weber discuss Russell's book Price Wars: How the Commodities Markets Made Our Chaotic World and also the current politics of inflation.
Listen to Weber discuss her book How China Escaped Shock Therapy: thedigradio.com/podcast/how-china-escaped-shock-therapy-w-isabella-weber/
Look at Rupert's precious puppy: twitter.com/rupert_russell/status/1511428696409837573?s=20&t=OPVNgfXuokFY6ZQYRkxe4g
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