U.S. Senate Report: Excessive Speculation in the Wheat Market
A 247-page report, entitled, Excessive Speculation in the Wheat Market, was released last night by Sen. Carl Levin (D-Mich.), Chairman of the U.S. Senate Permanent Subcommittee on Investigations, and Sen. Tom Coburn (R-Okla.), Acting Ranking Minority Member. Full Story »
Posted by Glenn LaBauve
This is the same type of manipulation that has led to the bubble economy in real estate and energy, food is a much more precious commodity. We don't need an Enron style collapse or a runaway inflation spiralzl like gas/fuel of last summer, now is the time to demand an end to index trading. The expirement has been a failure.