The Futures

The Futures

The Rise of the Speculator and the Origins of the World's Biggest Markets

eBook - 2010
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An acclaimed business journalist takes us behind the scenes of the biggest markets in the world and into the oversize personalities of the men who make them happen.
Publisher: New York : Basic Books, 2010
ISBN: 9780465022977
0465022979
0465018432
9780465018437
Characteristics: data file,rda
1 online resource (241 pages)

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StarGladiator
Jan 09, 2014

". . .Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture." Complete fiction, of course, given that Gary Gensler's CFTC did a study and found that 90% of all given commodity trades were pure speculation, not hedging, therefore financial manipulation and contrary to what we are always being lied about! Also, the commodity futures market is designed to be financially rigged: an unlimited number of futures' contracts can be purchased against a single item or commodity, thereby allowing for untold manipulation! This book rated farce! (Speculators are the chief cause for almost all wars - - and very probably ALL wars - - various violent events around the planet, like the recent country-wide violence in the Ivory Coast [major chocolate producer] when several months prior someone had cornered the chocolate market located in the Netherlands, it was predictable that troubles would being in that African country to drive up the price of chocolate! [Their president was voted out of office, but refused to step down!])

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