[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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