Friday, June 06, 2008

Price Action, Spot On

The Coyote gets it right:
"No matter how hard Congress works to stuff energy and farm bills with every micro-managing pork barrel project their campaign donors could wish for, Congress still only has the bandwidth to affect a tiny fraction of a percent of what a single change in market prices can achieve. Prices have absolutely stunning power of communication."
In a nutshell, that is economics.

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