@MForstater Swiss prices appear abnormal at both ends; hence the margin especially so.
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Replying to @alexcobham
@MForstater If we write off all Swiss-declared prices as 'extraordinary', the problem doesn't go away. Much though you might like it to!1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater You'd agree, I hope, that some the scenarios I suggested have implications for dev country exporters' potential to benefit...1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater ...even though I specifically excluded the cases which bear directly on their getting a fair price originally.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater My view, fwiw, is that only by further research can we hope tovbe more confident about nature of pricing and scale of losses.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater Simply ignoring the Swiss prices as 'extraordinary' - despite the consistent pattern over time, countries and commodities...2 replies 0 retweets 0 likes -
Replying to @alexcobham
@MForstater ...is to ignore selectively the evidence on which better understanding may be built.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater It is true that Zambian GDP would have risen 80% if received same prices as Swiss. Q for research is how much, if any, feasible?2 replies 0 retweets 0 likes -
Replying to @alexcobham
@alexcobham There is no reason to assume that bulk copper shipped to e.g. China from Zam by swiss traders got 'same price as Swiss' at all1 reply 0 retweets 0 likes -
@alexcobham thats what the 80% figure and its presentation as 'the full market value of Zambia's copper' implies though.
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