Why speculators are good for us

[Fransisco]

Oh yeah, getting all that voluntarily traded speculator money out of the markets is a great idea. I love the thought of a price "implosion" right now.

Before you know it farmers get to go cap in hand back to government to pay the grocery bills just like in jensens world.

[cottonpicken]

Some people even say china has a freeer market than us.(Is freeer a word fran?)

A market can not be manipulated or controlled over a long term.

Reasons the finacial entities of the world(specs,funds,individuals,governments etc,etc)want a piece of commodities.

In no particulair order.

-relestate market is toast,no return or less
-bond market may as well be no return
-stock market no return, less of a return if priced in us dollars
-worlds reserve curreny has lost over 40 some percent of value in the last five years
- globabl m3 is groing at double digit rates
-unfunded us government liabilities north of 53 trillion
-us government budjet shortfalls over 500 billion per year
us government current account defict over 500 billion per year
-growing global tensions
-balloning population growth

last
but
not
least

CHINDIA

[jensend]

geez fran your snide comments reveal even less understanding than your non-snide comments. by the way it's 'au contraire' not 'oh contraire'. i know you're fussy about these things. you're so ruled by some imaginary philosophy that you can't understand or don't want to acknowledge the substance of what i say. just reference melvill's thread about george soros' comments today and compare the reasoning to wally williams simplistic nonsense and wait to see who's right - a chairman of a fund managing $17bn or a hack columnist. you'll have to expand your reading list if you want to understand what's going on in economies today. i'm done with this; have a good day and good luck with your crops.

[Fransisco]

Just read it.

Soros said he is not in favour of more regulation.

The best stuff from Melvill's link comes from Clark McKinley from The California Public Employees’Retirement Plan.

<blockquote><b>“Futures investments of all public pension funds are less than 5 per cent of commodities indexes</b> ... The actual impact in the market is small, a chip in the woodpile,” he added. “The price spikes stem from fundamental supply and demand dynamics.” </blockquote>

He added: <b>“There are many cases of price spikes before any pension fund invested in commodities. There are current record food prices for which there are no futures contracts.”</b>

But they only invest about a billion dollars so they must be a bunch of hacks as well.