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RUSSO'S RULES
Of tortoises, hares, and hare-brained inquiries
Australia’s prime minister seems to be getting behind calls from iron ore “maverick” Andrew Forrest to have an inquiry into the iron ore price. Oh dear! Mr Abbott, you don’t need to squander taxpayers’ money on such a circus, you only need to know this.
Much time, effort and money is already wasted trying to project into the future the likely fair value of commodities and currencies. Meanwhile in the market place the price for anything that trades freely...
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