Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
To equate demand for financial bets on commodities with demand for the commodity itself is a fundamental misconception of how these markets work.

This is really a key point that's been completely ignored in the press, with the exception of Krugman, ever since the "Speculators R Da Devil" horseshit started pouring in.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Mon Jul 14th, 2008 at 03:58:28 AM EST
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