4 ms·
And back when investing in such derivatives was limited to, e.g. buyers of such commodities, it worked fine. Now the average commodity "investor" just sees a d
by jellicle 14y ago
And back when investing in such derivatives was limited to, e.g. buyers of such commodities, it worked fine.
Now the average commodity "investor" just sees a differently-labeled slot machine and cares not at all about the underlying commodity, and never intends to accept delivery of same. For speculators, increasing (not decreasing) the boom-bust cycle is beneficial.
- Retric 14y agoFor farmers a boom bust cycle is fine as long as they cam match the product being sold. If they sell a futures when planting they get out of the market and stop carring about the eventual price.