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<blockquote data-quote="John Roberts" data-source="post: 25166" data-attributes="member: 126">Re: NeodymiumAn economist might argue that the massive liquidity expansion (quantitative easing here and low central bank interest rates around) could lead to a hard commodities bubble as people expect price inflation. We have seen hoarding in several commodities and this will continue as long as it is profitable to the hoarders. There are other non-monetary events that also put upward pressure on some commodities. Oil,,, for the obvious example that is dominated by a fear/uncertainty premium. A little noticed (in the press) cocoa supply disruption in the Ivory Coast, surrounding a recent election, where the incumbent refuses to cede power could get serious. For now the new guy has prevented cocoa exports to defund the old guy, but if the cocoa sitting in warehouses sits too long it will rot and be worthless. Hershey already raised their prices.&nbsp; There is an old left handed salutation, &quot;may you live in interesting times&quot;. I think we are getting those interesting times... JR</blockquote>

[QUOTE="John Roberts, post: 25166, member: 126"] Re: Neodymium An economist might argue that the massive liquidity expansion (quantitative easing here and low central bank interest rates around) could lead to a hard commodities bubble as people expect price inflation. We have seen hoarding in several commodities and this will continue as long as it is profitable to the hoarders. There are other non-monetary events that also put upward pressure on some commodities. Oil,,, for the obvious example that is dominated by a fear/uncertainty premium. A little noticed (in the press) cocoa supply disruption in the Ivory Coast, surrounding a recent election, where the incumbent refuses to cede power could get serious. For now the new guy has prevented cocoa exports to defund the old guy, but if the cocoa sitting in warehouses sits too long it will rot and be worthless. Hershey already raised their prices. There is an old left handed salutation, "may you live in interesting times". I think we are getting those interesting times... JR [/QUOTE]

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