European Tribune - Comments - Panic Buying from Speculators: Casino Capitalism

Panic Buying from Speculators: Casino Capitalism | 11 comments (11 topical, editorial, 0 hidden)

Food prices soaring. Oil prices soaring. I don't suppose those would have anything to do with each other. And I don't suppose either of them would have anything to do with the Federal Reserve frantically printing money they don't have.

The blurker formerly known as ignorant bystander.

by b--- (budr at hughes net) on Sun May 11th, 2008 at 12:45:36 PM EST

Re: Casino Capitalism (none / 0)

Oil prices soaring in Euros has nothing to do with the Fed printing Dollars.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Sun May 11th, 2008 at 12:46:56 PM EST
[ Parent ]

Re: Casino Capitalism (none / 0)

Don't forget the dollar/euro exchange rate does have an affect.

How much of an affect is open to question.

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sun May 11th, 2008 at 12:53:48 PM EST
[ Parent ]

Re: Casino Capitalism (none / 0)

I don't find that intuitively obvious.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Sun May 11th, 2008 at 01:26:18 PM EST
[ Parent ]

Panic Buying from Speculators: Casino Capitalism | 11 comments (11 topical, 0 editorial, 0 hidden)

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