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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><br><a href="https://www.youtube.com/watch?v=d2n4qXk31TA" target="_blank">https://www.youtube.com/watch?v=d2n4qXk31TA</a><br><br>spike<span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>…</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>> <b>On Behalf Of </b>Stefano Ticozzi via extropy-chat<br><b>Subject:</b> Re: [ExI] disadvantage of x<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Hi Spike,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>>…I watched the initial part of the video. It is a non-technical video, both from a political and a financial perspective. I work as a trader of euro interest rate derivatives…<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>ciao,<o:p></o:p></p><p class=MsoNormal>stefano<o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Thanks Stephano! Like so much internet material, it is good for undergrads and ordinary proles, but for the experts in the field not so much. Thanks for your perspective. I learn so much here.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>I was at the local market and noticed something I thought I would never see again in my lifetime: prime rib at 18. It was over 30 bucks a year ago. So I called my friend from college, who majored in electrical engineering but married into an Idaho farming family and has been running a farm ever since. Hi Ken, it’s spike, hows it going? Him: Lurch grumble. Me: What is it? Him: Beef prices are terrrrrrible! Terrible! And my expenses are up! I might take a loss on my herd this year. Me: Owww, damn. Him: Fortunately I did really well on my soybeans this year. Those prices are great, almost where it was in 2023. The profit on the soybeans will carry me over the bad year for beef.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Having a friend in the farming biz keeps me grounded. I studied and realized why soybean prices are up: they go into biodiesel, which is waaaay up, even as gasoline prices are gradually subsiding from their peak about 3 months ago. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-right:0in'><p class=MsoNormal><br><br><o:p></o:p></p></blockquote></div></body></html>