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Paul Krugman - Op-Ed Columnist - New York Times Blog
My problem with the speculative stories is that they all depend on something that holds production -- or at least potential production -- off the market.

Krugman seems to contend that there can't be a commodity bubble without large inventories. Why should physical stockpiles be necessary?

by generic on Sun Apr 20th, 2008 at 12:48:08 PM EST

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