Philip McBride Johnson questions the current commodity valuations.
Having practiced law for roughly 50 years, mostly related to
financial (especially derivatives) markets, I stand in awe of
those whose profession consists of making sense of commodity
prices. They are way smarter than me.
I am not referring to journalists who deal in connectors
like "as" or "while." Such as "Orange Juice Prices Spike As
Middle East Riots Escalate" or "Copper Weakens While California
Struggles To Contain Wild Fires." No, I am speaking of the
economists and traders whose livelihoods depend on really
understanding cause and effect in the commodities world.
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