Timmy elsewhere

At the ASI.

If food prices are falling but there’s still all that speculation in food prices then it’s not speculation that causes food prices to rise, is it?

2 thoughts on “Timmy elsewhere”

  1. Again, although I agree with your conclusion, it doesn’t directly follow from the arguments. Speculation might be an upwards pressure on food prices, with the overall fall being because of other dominating effects (e.g. a great harvest).

  2. @SE
    I’m trying to work out in what world one would be going long on food against a glut. Unless, of course it was uinderpriced, ie speculators were shorting it, expecting further falls & one was taking the contrary view. For in all trades there have to both buyers & sellers.

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