08.10.2012 - Joe Morton: Why speculators should be kept out of the commodity markets
All commodities used to be traded based on the old premise of supply and demand to set their prices before the 1970s. Since that time, the commodity markets that proliferated on Wall Street and around the world have been the basis of their values to determine market prices. Wall Street argues it needs the liquidity provided by the speculators in the markets to provide a true market. What they really mean is there would not be the volatility needed to generate big profits/losses by the traders and speculators. Unfortunately, we the consumers of these commodities suffer because of the "volatility."..............................................Full Article: Source
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