A common view among bankers and government leaders is that sky-high commodity prices are a function of fi nancial market events such as the near collapse of the London Metal Exchange when a big trader was caught short in a nickel squeeze. That view was evident in comments made last week by the governor of the Bank of England, Andrew Bailey, who told a meeting in Brussels that price swings in commodity markets that have followed Russia's invasion of Ukraine posed a risk to financial stability.
NSTL
