Sunday, July 23, 2017

Run #5: 2 miles

No drama.

Still taking some walking breaks.

I saw eight raccoons crossing the road into a corn field as I was running.  Fur prices are down.  Raccoon pelts traded for $6-to-$10 in the 1930s.  They sold at auction in March of 2017 in the same range.

Richard Nixon was very good for the fur trade.  Normalizing relations with the Soviet Union opened up an enormous market that valued good fur.  The ruble's loss of value torpedoed that market and raccoon pelts dropped back into the $5-to-$10 range.

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