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Have you seen the Bloomberg agricultural price index recently?
by zpeti 5y ago
Have you seen the Bloomberg agricultural price index recently?
- RC_ITR 5y agoDo me a favor. Log into your terminal, type in 'BCOMAGSP Index'. Hit Go. Then hit 'Max.' Look at the spike in 2010. Then tell me about the runaway food inflation that happened then. EDIT: Just to be clear on my point: Yes I agree that people are hedging inflation via commodity futures (like they do after most recessions), but that doesn't mean they're right. In the same way stock prices are often a bad indication of a company's actual value.