Word: bankses
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Another common misconception is that speculators only buy and hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation...
The same banks that we bailed out are major players in the energy markets: Citigroup, through its Phibro commodities-trading subsidiary, and Goldman Sachs, through its energy-trading desk. Banks are most likely playing a key role in the current run by putting the bailout money to good use: to...
There is no doubt that the banks and other speculators need accountability and transparency. But smaller speculators - like hedge funds and other trading firms - play a role in maintaining liquidity and reducing the impact that oil suppliers have in participating in the market. Those speculators might benefit from volatility, but...
And despite its backward image, the so-called Hermit Kingdom could have pulled it off. Though Pyongyang may have few resources, it spends a lot of them on technology: computer studies are an important part of school and university curriculums. Stratfor's Baker points out that North Korea has become...
Should the government be bailing out troubled banks or letting them fail? I'm opposed to the government bailing out firms that should be shut down because they are basically insolvent. A firm that's insolvent should be encouraged to file for bankruptcy and rid the market of an institution...