The FT's "Big Read" this morning is about commodity prices. It notes that the Bloomberg Commodity Index is at its lowest point in five years. That's low, and surprising given easy money.
The IMF estimates that the $20 drop in oil prices will increase world growth by 0.5%-1,2%.
Corn prices are down well over 50% in the past year. The FT notes that "hog farmers intend to allow more sows to farrow piglets," which is a shocking result to vegetarians.
Maybe now is, at last, the economic takeoff. What do you think?
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