[lbo-talk] Food Prices Again

brad babscritique at gmail.com
Thu Feb 17 17:57:23 PST 2011


@ Michael: As Doug said speculative futures purchases dwarfs actual physical commodity transactions. That is how futures drive up the spot, by creating a consistent and predictable contagion futures market. Anyone who reads the Senate report would find it impossible to argue for fundamentals being behind the rise in prices in 2008.

Brad



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