February 04, 2011
Best Quote So Far -- From Egypt's new PM
[Egyptian Prime Minister] Ahmed Shafiq, . . . appealed to his compatriots, especially Egypt's youth, to show patience . . . "It has great meaning not to hurt each other*, [or] hurt our reputation," he said. "Do they want what happened in Tunisia to happen here?"
Meanwhile, my proposed ten day rule of street revolutions faces the big test.
* Nice, but hardly atypical, semi-competent translation.
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Check this out from Bloomberg:
First of all, Lebanon??? I mean, off the charts.
Secondly, how much does recent food inflation have to do with the Egyptian demos? I had someone tell me that the whole thing boiled down to food inflation driven by the Fed's easing policy. Leaving aside the latter, is food inflation a big deal in the poorer parts of the world now?
Posted by: pantom at February 4, 2011 02:46 PM
There is a direct connection between despairing messed up economics and the vampiric regime that rules them. But these events are different in kind -- bread (price) riots in poorer countries are dime a dozen and common intermittent storms; but mass cross-class broad confident sustained public actions to remove a dictatorial regime successfully in MENA as happened in Tunisia recently and is touch-and-go now Egypt are earthquakes. And novel ones too.
Posted by: matthew h at February 4, 2011 04:46 PM
Yeah, that's what I thought. Seemed like a completely nutty theory, but figured I should run it past you guys just in case.
But on Lebanon, what's been going on there? That chart shows some wild growth.
Posted by: pantom at February 4, 2011 06:33 PM
1991, end of the civil war for a country otherwise under its potential. Democratic country since (imperfect, but still), with free business rules.
Thanks shaheen. That's what I suspected.
The gap between what we get reported to us here and what's actually going on over there is huge.
Posted by: pantom at February 4, 2011 09:09 PM