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View Diary: Economic Terrorism and Krugman's Latest: "The clear and present danger...is what is happening now." (267 comments)

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  •  What are you talking about (0+ / 0-)

    The big players pay the same price for commodities that you do. The market price.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri May 06, 2011 at 07:46:48 AM PDT

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    •  Exactly - but they can (and do) manipulate (7+ / 0-)

      markets by betting short, retreating to derivatives when they want to avoid risk, and driving up food prices at exactly the time that the working class needs help the most.

      They're playing a game.  I'm trying to feed my fucking family.

      Stop clapping. Stop screaming. Open your mind. Listen.

      by Benintn on Fri May 06, 2011 at 07:52:19 AM PDT

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      •  They aren't playing a game (0+ / 0-)

        Most of the big commodity traders are people like airlines who fucking must know what price they'll be paying for oil on a given date.

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Fri May 06, 2011 at 08:25:41 AM PDT

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        •  The issue is about NON-commercial speculation... (2+ / 0-)
          Recommended by:
          cpresley, Betty Pinson

          ...not commercial commodities trading. Even Kaufman covers this. (But, even here, as Kaufman notes at the end of his article, very tight regulatory oversight must be maintained of commercial speculation to insure that non-commercial speculators don't use backdoor, commercial relationships to speculate in the marketplace.)

          "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

          by bobswern on Fri May 06, 2011 at 09:23:28 AM PDT

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        •  or else what? (0+ / 0-)

          What happens if a big commodity trader doesn't have certainty about price?

          Stop clapping. Stop screaming. Open your mind. Listen.

          by Benintn on Sat May 07, 2011 at 03:00:41 AM PDT

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          •  They sell airline tickets... (0+ / 0-)

            ...based on the price of jet fuel contracts for the date of the flight. Air travel is a horrendously low margin business: getting this wrong will mean massive losses.

            (-5.50,-6.67): Left Libertarian
            Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

            by Sparhawk on Sat May 07, 2011 at 09:32:40 AM PDT

            [ Parent ]

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