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All right! Today’s Tough Times Tuesday starts with a wee local explainer.

But mostly, we’re talking about the difficult world of chocolate—and why recent market/consumer news about surging cocoa futures often entirely miss the point.

All our news has bias built in, but some forms (especially financial) can be harder to spot than others. Those are the ones we need to look out for most of all.


open.substack.com/pub/mlclark/

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