Friday, January 29, 2016

The Economics of Commodities--Almonds

As Yogi said, deja vu all over again.

My mother, a woman of decided opinions, which I'm just now realizing, would rail at the stupidity of the poultry.  Egg prices would go up, people would buy chicks and raise layers, the supply would increase, the prices would go down to the point people were losing money.

The same logic has been followed over and over, with variations, with respect to different commodities.  Most recently it's been oil.  Remember the days of peak oil, of $130 a barrel? 

Now it's almonds, as described in the linked article. 

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