That truism is common knowledge in the culture of the trading world, but when it comes to South Dakota's financial governance and planning it's an axiom that has no relevance. Just a
|Trading Floor Madness|
Or Budget-Planning In South Dakota?
A $3 billion hit, ratcheting steadily downward in 5 years to an economy the size of South Dakota's calls for an awful tough "adjustment." But the fact is, swings in commodity prices have been the norm since the days when ancient Greek merchants haggled with Phoenecian traders over future prices for grapes and olives. Modern day state officials held captive to those swings need to examine the concepts of risk management in order to avoid the pain of these endless and inevitable price cycles. Ratcheting up their dedication to spreading out the state's economic base, mainly via
|Yup. That's What We Need|
In South Dakota