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But that's commodities.
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(It would naturally be bad for developed countries that were commodity and energy exporters, such as Canada).
If you use the "S" curve for innovation in the market and adoption of technology, clearly there is a part that is commodity.
That is, commodity prices have not fully worked their way into the prices of pizzas, ball bearings and trash bags.
On top of that, being commodity-based and close to China, it will be at the ground floor of the world's recovery.
That's good for commodities maybe in the near term.
No one is suggesting that tires are commodities, differentiated only by advertising.
Miller would surely have it that buildings are commodities too (and they usually are).
I went veggie at 11, worked on a farm and understood then that animals were commodities.
Like online fund supermarkets, Vanguard makes it obvious that investment funds are commodities.
In 2015, for example, the U.S. Commodity Futures Trading Commission ruled that digital currencies were commodities.
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