Butter prices hit $3.10 per lb today in Chicago trading - a record high, reports ZeroHedge.
But this isn't really occurring and neither are rents soaring.
Paul Krugman says so. He says the threat is deflation, worldwide!.
The future for the world economy is "scary" due to the threat of deflation, he writes repeatedly and said earlier this year at a speech at the "Asian Financial Forum" in Hong Kong.