[lbo-talk] Historic milestone for speculators

Peter Fay peterrfay at gmail.com
Fri Feb 11 11:52:03 PST 2011


It is now official. The price of one pound of cotton has finally surpassed the highest price ever recorded - that of the civil war price 150 years ago. It happened this afternoon - $1.9445 per pound - up 160% from last year. Truly an achievement for those speculators cornering the market.

-- Peter Fay



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