After all, how can one blame the tripling of wheat prices in the past 12 months on China? Did all of 1.3 billion Chinese changed their diet habit and switched to bread overnight?
Good point - and this analogy can be used anywhere in the commodity system !
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Good point - and this analogy can be used anywhere in the commodity system !
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As always, it's perceived. The 10 year S&P comparisons of 1968 thru 1978 are perceived bubbles created due to psychological phenomena