fxtrader07

Commodities Speculation Symptom of Larger Problem

the "arguments" and statements by representatives of hedge funds and institutional speculators, ehm "investors" are telling both in their content and their language. "witch hunt" "misguided attempts".
sure. the fat bonuses and lots of money are at stake for these guys. So their ranting and lobyying is understandable. It will be another rare chance for America#s politicians to do something useful and dispel the ever growing notion that they are among the most corrupt in the world.
Dubai may go ahead, no matter what the usa does, BUT: buying oil futures in dubai in huge quantities is a tad silly and may have rather limited impacts on the price of crude in the u.s. or europe. after all, you still have to ship and deliver the oil somewhere - and Dubai is the place where you certainly don't need it the most. I can hardly imagine that the Dubai Exchange could really stipulate delivery of their futures contracts in New York. Where there? they have no warehouses and no juridiction. So arguing that one should not tighten regulation in the us because the funds simply speculate on exchanges elswhere seems to be very flawed. But then these hedgies will argue anything absurd to keep making their billions on the back of main street