REPORT SHOWS WALL STREET DRIVING UP FOOD, FUEL PRICES

JohnWxy

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Thu Oct-20-11 04:29 PM
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REPORT SHOWS WALL STREET DRIVING UP FOOD, FUEL PRICES

http://www.bettermarkets.com/reform-news/new-better-markets-research-report-shows-wall-street-driving-food-fuel-prices

Better Markets today released a new research report showing speculative commodity trading pushed by Wall Street is causing market disruptions that have increased prices for American families and farmers.

The analysis reviews commodity markets data over the last 27 years and shows that, since 2005, so-called commodity index funds have triggered an upward price curve in the futures markets when they trade out of an expiring month contract and into a new future month (referred to as the �roll�). This has resulted in rising prices and costs as well as a boom-and-bust cycle by changing the incentives of producers and consumers of commodities. It also has sent misleading and non-fundamental price signals to the market, which have disrupted the futures and physical commodity markets.

�This research report analyzes commodity market activity for more than 25 years and specifically analyzed speculative commodity index fund trading,� said Dennis Kelleher, president and CEO of Better Markets. �This is the first study to directly isolate the impact of the speculative index fund roll trading. The data shows the trading those funds do every month has severely disrupted and dramatically changed those markets, causing food and fuel prices to increase, hedging costs for businesses to rise, and prices to swing erratically up and down, which also raises everyone�s costs.�

�When this research and data is considered with Better Markets� prior research on speculation, the need to ban commodity index funds is overwhelming,� said Mr. Kelleher.
(more)

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PDJane

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Thu Oct-20-11 04:49 PM
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1. Yes. It's long past time.

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nineteen50

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Thu Oct-20-11 04:49 PM
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2. Speculation

Is the 21st century taxation without representation.

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Bill USA

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Thu Oct-20-11 05:24 PM
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3. extremely important stuff. The crimes of the Wall street speculators, how does one compute the cost

Edited on Thu Oct-20-11 05:29 PM by Bill USA

to the nation? The social costs are profound. Will anything be done about this? Does Wall street own our Government?... is there a GOP?(a number of Democrats are in their pocket too ... but I think a lot of the caution Democrats show for reining in Wall Street abuses is due to the fact that the GOPers are so good at making them pay for any attempts to correct the situation - in the very next election. ... Also, again, money to run campaigns is so important. Alienate sources of money and you may not get reelected.).

We must protect (the perquisites of) the 'job creators'.

recommended!

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NICO9000

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Thu Oct-20-11 06:55 PM
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4. Food especially

I couldn't believe how much a can of coffee was the other day. Good thing I've always used coupons. Need 'em now more than ever.

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Jello Biafra

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Thu Oct-20-11 09:52 PM
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5. I'm tired of orgs like NIA saying that Wall Street has nothing to do with...

our financial circumstances. Everything that the Occupiers are fighting against is the unholy trinity: Wall St, The Federal Reserve and Corporate influence on Congress. Everything else they are against are subheadings to the aforementioned.

Wall St. is involved too as this piece alludes to....

BTW, NIA stands for the National Inflation Association.

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Cherchez la Femme

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Fri Oct-21-11 01:26 PM
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6. They used to hang speculators

Perhaps the time is come again to hang them

--figuratively, I mean.

How's about putting them in their For-Profit Prisons?
That would be correct karma...

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