So Basically, Ben Bernanke Has Been 100% Vindicated

Remember when Ben Bernanke said this spring that weakness in the economy and surging commodity costs were “transitory”?

Everyone mocked him mercilessly for using the term.

Since then, here’s what the agriculture index has done:


And, meanwhile, datapoint after datapoint has shown the economy re-firming up.

The latest is today’s ADP.

So maybe it was all transitory?

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