Interesting testimony from 10 years ago . . note the players who supported minimal regulation of OTC derivatives which largely led to today’s financial armageddon. They are back today !!!! Testimony of Richard R. Lindsey, Director, Division of Market Regulation Before the House Committee on Banking and Financial Services, Concerning Regulation of the Over-the-Counter Derivatives [...]
Over-the-Counter Derivatives Market and Hybrid Instruments
January 24th, 2009 · No Comments · Exchanges, Markets
Speculation in the commodities futures markets – Vitol
August 23rd, 2008 · 3 Comments · Energy, Markets
As I have always maintained, commodity speculators (index funds etc) drive the underlying commodities markets today wiithout any regard to fundamentals. The CFTC now looks totally naive/embarrassed, because they either did not know or if they did, did not want to limit/curb the markets which they oversee. A Few Speculators Dominate Vast Market [...]
Tags: CFTC·crude·speculation·vitol