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China had an outsized affect on comkodity demand, at the same time capacity has been over built for many years. For oil, obviously the US resurgence has been a
by rdlecler1 11y ago
China had an outsized affect on comkodity demand, at the same time capacity has been over built for many years. For oil, obviously the US resurgence has been a huge factor, and for food crops they had a couple of very very good years globally (and new land has been brought online).
- ihsw 11y agoSeveral currencies are sliding down against the USD (for a variety of reasons). Food crops may be good but food prices are the first thing to spike when inflation spikes, and many nations have seen food prices climb ~20% across the board without parallel increases in wages and salaries. This is not good.