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That chart is pretty silly, given that the scales are totally different. All that says is that the euro-dollar variation is relatively stable, as a proportion of the increases in rice prices. That one causes the other is doubtful - it would seem more likely that both have the same underlying cause rather than one being the cause of the other...

The more Asia times is quoted in the Salon, the less I tend to like that publication. I know that ChrisCook was published over there, but the overall level of content seems to be increasingly shallow.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Apr 21st, 2008 at 11:38:16 AM EST
[ Parent ]
Correlation does not imply causation was my very first thought when I saw those graphs. Yet they call the link undisputable (without validating their causation scenario in any way). Not very scientific indeed.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Mon Apr 21st, 2008 at 12:46:43 PM EST
[ Parent ]
Jerome a Paris:
That chart is pretty silly, given that the scales are totally different.
Using logarithmic scales with at most a shift would help.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Mon Apr 21st, 2008 at 01:30:54 PM EST
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