Monthly Archives: July 2008

Commodity Prices, Again: Are Speculators to Blame?

In the 1955 movie version of East of Eden, the legendary James Dean plays Cal.  Like Cain in Genesis, he competes with his brother for the love of his father, a moralizing patriarch.   Cal “goes long” in the market for beans, in anticipation of an increase in demand if the United States enters World War […] Continue reading

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