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Ferdinand E. Banks'
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Without speculators there would be inadequate liquidity in the e.g. futures market, and so producers and consumers of physical commodities (e.g. oil) could not optimally hedge risk if they wanted to hedge it with futures.. Period. But Mr Masters deserves our congradulations. He has shown that the role of ignorance in this old world of ours is expanding all the time.
Sep 12 10:14 am
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All Comments by Ferdinand E. Banks »Are Speculators Really That Bad for Commodities Markets? [View article]