Quote:
Originally Posted by Ian Robinson
That kind of speculation is nothing short of criminal in my view.
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I'd take it one step further and say that all of this type of speculation is screwing the system. The only reason why oil went up to close to US$150 a barrel was because people that weren't using it were buying it on the speculation of the future price - which artificially inflated the price.
Bond futures used to be used in the system to provide a method of insurance to traders, nowdays it is being abused by being the primary method of trade for "high risk high gain" traders.