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Politics : Politics for Pros- moderated

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To: J.B.C. who wrote (413262)	2/26/2011 1:18:55 PM
From: Katelew	Read Replies (2) of 793903

I think the Hunt brothers were actually buying the physical stuff. That's a different dynamic than what I'm saying. Nevertheless, your statement is pretty accurate here. Ultimately speculators have little influence on overall price. The caveat would again be with food commodities. I'm reading of countries that responded to the spiking prices by hoarding. This results in the weakest of countries facing not only higher prices but actual shortages. If memory serves, the level of hoarding I've read about is a new wrinkle and potentially sets in motion a train of longer term consequences. What's happened in the ME is definitely tied to higher food prices and is changing the long term dynamics of the whole region. It may all be for the good. I'm only saying a train of long term consequences has been set in motion.

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