Inflation over nine percent. Cheese prices pulling back ever so slightly. The stock market putting together two consecutive bad quarters. How does all of this fit together?
And what should we expect moving forward?
Dr. Andrew Novakovic, dairy expert and professor emeritus at The Charles H. Dyson School of Applied Economics and Management at Cornell University, joins the Teds and some of the Jacoby trading team to piece together explanations of current phenomena and expectations for dairy’s near future.
The good news: there are no signs of history repeating itself with another Great Recession like in 2008. The bad news: it’s hard to find a catapult for today’s U.S. economy that could produce the rapid growth that followed similar economic phenomena in the 40s and 50s.
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