Do you know about - END FED: Food Speculation Behind Food Riots N Tunisia, Algeria, Sudan, Jordan, Egypt, Yemen, Morocco
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END FED: Food Speculation Behind Food Riots N Tunisia, Algeria, Sudan, Jordan, Egypt, Yemen, Morocco Tube. Duration : 3.68 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Masters In Marketing . How To Go To Heaven www.jesus-is-savior.com neweconomicperspectives.blogspot.com Just before the current global crisis hit, pension funding was, on average, doing well—thanks to the speculative bubble as well as to some deregulation that took place at the end of the Clinton administration that allowed pensions to gamble in more exotic instruments, and in riskier markets such as commodities. Previous to 2000, pensions could not buy commodities because these are purely speculative bets. There is no return to holding commodities unless their prices rise—indeed, holding them is costly. However, Goldman Sachs promoted investment in commodities as a hedge, on the basis that commodities prices are uncorrelated with equities. In the aftermath of the dot com collapse, that was appealing. (In truth, when managed money flows into an asset class that had previously been uncorrelated with other assets, that asset will become correlated. Hence, by marketing commodities Wall Street ensured a commodities bubble that would collapse along with everything else.) You know the rest of that story: pension funds poured into commodities and commodity futures, driving up prices of energy, metals, and food. As energy prices rose, Congress mandated biofuels—which added to pressures on food prices that contributed to starvation around the globe. The bubble popped in what is known as the great Mike Masters inventory liquidation, as pension funds pulled out of commodities on the fear that Congress was ...
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