Misreading Trends

Poor management has led to the sharp rise in soybean prices, not altogether an impact of the world market.

January 22, 2008

THE rising price of soybeans reflects a latent problem within the government: sluggishness. The government only sprang into action when tempe (soybean cake)and tofu producers demonstrated outside the Palace, despite the fact that the problem has been around for some time. After all, market analysts had already predicted it.

Four years ago, Jim Rogers, a legend on the Wall Street commodities market, issued a warning. According to the founder of

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