Federal Reserve May Continue To Promote Wall Street’s Expansion Into Commodities

By: Tuesday January 14, 2014 10:45 am

The destructive trend of financializing the US economy may continue if the Fed has their way. Despite complaints by companies in the real economy over the manipulation of commodity prices by the banksters on Wall Street, the Fed is set to punt on limiting Wall Streets invasion of the real economy. Wall Street has always [...]

Obama-Appointed Judge Strikes Down CFTC Commodity Speculation Limits

By: Friday September 28, 2012 3:59 pm

Everybody get on the commodity speculation train. A federal judge today threw out the Dodd-Frank provision that empowered the Commodity Futures Trading Commission to set position limits on commodity trading. Judge Robert Wilkins said in his ruling that the CFTC did not prove the necessity of position limits to curb runaway speculation, and that the [...]

High Gas Prices Coming from Over-Speculation, Says Analyst

By: Wednesday February 15, 2012 9:36 am

We’ve been hearing for several weeks now that gas prices are headed up, and that has borne out. Oil is trading at a high for the month, and gas prices have ticked up, with the expectation of an average of over $4 a gallon by Memorial Day. Needless to say, this will put a crimp [...]

Spending Measure Slashes CFTC Funding

By: Tuesday November 15, 2011 7:35 am

Negotiators for the House and Senate reached agreement on a temporary spending bill that will fund the government through December 16 and also finish off a series of appropriations bills. So now, we’ll begin to see the true impact of budget freezes and austerity measures. One of the first victims is the Commodity Futures Trading [...]

Crude Oil Prices Collapse

By: Thursday May 5, 2011 1:28 pm

The New York Times really doesn’t want to mention speculation in this story about oil prices plunging today, but the first analyst they cite gives the game away: After four months of surging higher, oil prices plummeted by almost 9 percent on Thursday as traders worried that American drivers were beginning to balk at paying [...]

CFTC Corruption: One Judge Accuses Another of Protecting the Banks

By: Friday October 22, 2010 7:41 am

I sort of blew right by the story of the CFTC judge corruption scandal the other day when it came out, but it’s a pretty big deal. Barry Ritholtz takes a whack at it today. Basically, an Administrative Law Judge at the CFTC (Commodity Futures Trading Commission), George Painter, revealed in his retirement letter that [...]

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