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He is not optimistic about future prices.
Such contracts amount to an educated bet on future prices.
Asset prices are based on rational expectations of the future prices of capital services.
This is why central banks target the likely path of future prices rather than today's.
Future prices differ from current prices only if buyers or sellers get new information.
The market is still too new and in too much flux to predict future prices.
In an inflationary environment, people are inevitably uncertain about the level of future prices.
Advocates of a dash for gas, moreover, are implicitly making a risky bet on future prices.
An accounting professor says shareholders need accountants to keep track of asset history, not to forecast future prices.
And Mr. Sandler said he expected future prices to be more in line with that long pattern.
Their customers often make all-or-nothing decisions on new projects based on small differences in assumptions about future prices.
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CEO of Professional Science Editing for Scientists @ prosciediting.com