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

Panic Buying from Speculators: Casino Capitalism | 11 comments (11 topical, 0 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.

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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