Bloomberg - "Corn’s 60% Surge Is More Dangerous Than Euro Mess"
Bloomberg - "More than 150 U.S. lawmakers of both parties prodded President Barack Obama’s administration to cut a requirement that refiners use ethanol, as corn prices climb amid the worst drought in a half century."
These are the distortions created when governments try to ignore the market. This is what happens when decisions are made because they sound politically attractive. Governments should stay away from spending our money to give subsidies to special groups.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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