An in-depth article looking how commodity speculators are driving up prices and affecting ordinary people from around the world.

There's a claim that most of the price increases are due to the fundamental change of scarcer resources and higher demand for things like energy, metals and food.

This trend doesn't explain the steep rise in prices. The actual supplies and demands haven't been changing that fast. Speculator's expectations, however, have changed much faster.

 

Submitted: Jun 14, 2008    Views: 112    Comments: 1    Likes: 3   


View Article: http://www.spiegel.de/international/world/0,1518,559550,00.html


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Comments Received:

Sam Cass
Sam_Cass

There is lots of interesting information here - leave it to the Germans. It certainly makes the hedge funds sound like gamblers, which appears to be increasingly true. Some win big and others lose, costing the economy dearly. It's driving up all of our prices.

Interesting that farmland is becoming the next big thing.

Posted: Jun 16, 2008



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