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.
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.
Comment