Now that commodities are front and center in the national spotlight, the finger pointers, conspiracy theorists and self-serving politicians have arisen as if drawn out by a full moon. Unfortunately, what many of them are spouting is sheer lunacy. Here are the three biggest “real” drivers of commodity prices. First and foremost, supply and demand determine prices. Powerful new demand from emerging economies was only briefly sidetracked by the global recession and has returned ...
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