The Energy-Stock Chasm

In the wake of the shuttering of Ospraie Management’s largest fund Tuesday, ... positions on commodities futures and long ones on resource equities — a bet that didn’t work out, because those stocks continued to decline. “The options pricing implies that these stocks are not done [more...]

Date: 2008-09-03 19:01:57

Blog posts (709) | Videos (239)
 

CFTC Report on High Oil Prices - "Speculation My A$$"

With a pending Senate vote on the "Stop Excessive Energy Speculation Act", it seems that we (not the TOD 'we', but the collective society 'we') ... . In this report, the Commodity Futures Trading Commission (CFTC), threw cold water on the recent ... , activity on the crude oil futures market – as measured by the number of contracts outstanding, trading [more...]

Date: 2008-07-23 14:47:59

Tough Road Ahead for New Economic Appointees

On Thursday, President-elect Barack Obama introduced three top financial appointees who will help him with the unenviable task ... of greed and scheming that has led us to this day of reckoning,” as Obama put it. The New York ... and Daniel K. Tarullo, to leading economic posts. Mr. Gensler, who will head the Commodity Future [more...]

Date: 2008-12-19 02:22:34

Earnings (Disappointment) and Lay-Off Season

The Dow is down another 50 points at this writing, and both Eurozone and Asian stock markets are down almost across the board. (So are my beloved grain futures.)David Calloway wrote this prescient editorial on Marketwatch ... out earnings growth and demand for commodities. U.S. index futures declined.Here is the entire [more...]

Date: 2009-01-08 11:11:00

The case for oil price speculation improves

U.C. San Diego economist Jim Hamilton has long argued that fundamental forces of supply and demand explain oil prices better than "speculation ... by David Cho, "A Few Speculators Dominate Vast Market for Oil Trading." Hamilton closed his dissection ... recently deemed by the Commodities Futures Trading Commission to be more of a speculator than [more...]

Date: 2008-08-27 16:28:48

MORE BUSH? TAKE McCAIN-- A CHANGE FROM BUSH'S FAILED AGENDA? BARACK'S THE ONLY CHOICE

Yes, my son, Dick here will keep you on the straight and narrow when it comes to that boring economic crap A few days ago I had the misfortune to ... -- energy speculation. Etheridge's proposal allow the Commodity Futures Trading Commission to hire 100 employees and grant the CFTC more authority over the trading of U.S. energy commodities on overseas [more...]

Date: 2008-06-24 12:45:00

U.S Market Update

- Equity markets have begun the week in positive territory, helped by declining commodity prices. Oil futures have shed about $4/bbl and gold has fallen this morning as the dollar has firmed ... % in Chicago led by Wheat while August natural gas is off close to 5% despite the formulation [more...]

Date: 2008-07-07 15:35:29

Managing change vs Managing uncertainty

I just had an e-mail correspondence with a client in the financial industry who pointed out something interesting:" ... on the current financial turmoil. The introductory paragraph says it all: "The future of capitalism ... and other commodity prices, lurched wildly, while housing prices in Spain, the United Kingdom [more...]

Date: 2009-01-07 08:58:20

What if it's all a Ponzi scheme -- more

Earlier, I grew depressed thinking that the reason all that bailout money wasn't helping right the economy was that the whole thing was a vast Ponzi ... this one is smaller.The Commodity Futures Trading Commission and the Securities and Exchange Commission brought civil charges against a Pennsylvania man accused of running a $50 million Ponzi scheme [more...]

Date: 2009-01-10 18:47:00

Financial Spreads: Oil Slick, Bonds Stick And Pounding Sterling

SPREAD Watch: Anorak’s look at the financial spread markets BUY much last month? The Office For National Statistics ( ... on this year’s highs. Meanwhile, US regulators at the Commodity Futures Trading Commission allege ... s civil complaint, traders said they would “hammer” [more...]

Date: 2008-07-25 09:34:38

SIPC: Lehman To Be Liquidated

How did this little gem slip by unnoticed? Tomorrow at 4PM, Lehman is to be liquidated ... of the Securities and Exchange Commission, the Federal Reserve, the Commodity Futures Trading Commission ... in connection with a proposed sale of the business of the broker-dealer to Barclays Capital Inc. A hearing [more...]

Date: 2008-09-19 05:00:00

Give me the physical, not the paper

#fullpost{display:inline;}Ambrose Evans Pritchard over at the Telegraph has filed this report (hat tip Domus) ... their stockbroker to buy shares of one of the many gold ETFs or some commodity futures contract ... ," he said, referring to exchange trade funds listed in London, New York, and other bourses [more...]

Date: 2009-01-09 19:44:00

Every crisis needs a culprit

Michael Masters was quite the star on Capitol Hill today as he testified before the Subcommittee on Oversight and Investigations, ... . While there is a case to be made for commodities futures markets not being intended and perhaps [more...]

Date: 2008-06-23 21:18:00

Congrats to Mary Schapiro, SEC Chair Nominee

US President-elect Barack Obama announced his intention to nominate Mary Schapiro as Chair of the Securities and Exchange ... Commodity Futures Trading Commission. Before that, Schapiro served for six years as a Commissioner ... Commission. We at GW Law School, from which Ms. Schaprio graduated in 1980, are delighted. We wish [more...]

Date: 2008-12-19 17:16:36

How It Happened

From The Big Picture: Its important to understand how this situation occurred in the first place, if we want to be able to fix it ... insurance products 4) whose exemption was made possible by the Commodities Futures Modernization Act [more...]

Date: 2008-10-08 23:13:36

Foreign Currency Trading

Managers, pp. 291-299, which can be accessed through the House Agriculture Committee’s Farm Bill Homepage ... currency (forex) trading scams.The Commodity Futures Modernization Act of 2000 (CFMA) made clear ... -exchange trading of foreign currency futures and options contracts with retail customers [more...]

Date: 2009-01-04 19:18:00

Stock Market Dictionary - D

DFifth letter of a NASDAQ stock symbol specifying that it is a new issue, such as the result of a reverse split ... commodity, futures, and options markets are allowed to rise or fall in a day. Exchanges usually impose ... in the context of stocks to refer to the date trading begins on a new stock issued to the public.Date [more...]

Date: 2009-01-02 16:33:00

Oil Prices and Speculation

The Washington Post says the scale of speculative activity in commodities markets is larger than previous estimates indicated: A Few Speculators Dominate Vast Market for Oil Trading, by David Cho, Washington Post ... helped industrial firms that needed oil to run their businesses. But when the Commodity Futures [more...]

Date: 2008-08-21 07:42:00

ARM and Hammer: Bailout Ascends Toward $2.25 Trillion

by anderson Barry Ritholtz at the Big Picture points to the ballooning size of the financial bailout, which is now leaning toward $2 ... requirements by the Commodity Futures Modernization Act. During the early 2000s, the Federal Reserve ... ratio. After the 2004 exemption, firms levered up as much as 40 to 1. Not surprising, the five brokers [more...]

Date: 2008-10-15 17:59:36

foreign currency scam

UPDATE:  On May 22, 2008, the Congress passed H.R. 6124, the Food, Conservation, and Energy Act of 2008 (also known as “the Farm Bill”) ... a sharp rise in foreign currency (forex) trading scams. The Commodity Futures Modernization Act of 2000 ... trading authority and operate pools with respect to retail off-exchange foreign currency transactions [more...]

Date: 2009-01-09 11:15:07

The myth of the exponential

Continuing on a theme related to my recent post about so-called accelerating change, ... the former "exponential" growth. Another example would be a process that depends on a scarce commodity ... the very near future. And the real problem is that people are using the recent past to project [more...]

Date: 2009-01-10 14:54:00

Memo to Obama: National Health Insurance The Only Solution

"First off, congratulations to you and your party on your sweeping election results!Together with a sizable majority of Americans, I am again hopeful for the future of our country ... just another commodity to be bought and sold in a deregulated market based on ability to pay, not medical [more...]

Date: 2009-01-08 00:49:00

Gold, the solution to high commodity prices

If policy makers were astute, they would quickly seize on the obvious solution to today's soaring commodity prices that are causing so much pain and ... , corn, and other goods on commodities futures exchanges that really weren't set up to handle the sort [more...]

Date: 2008-06-20 14:21:00

Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... Commodity Futures Trading Commission chairwoman Brooksley Born, who tried to regulate credit default swaps [more...]

Date: 2008-11-14 21:35:10

The Aussie Goes Down Under

Those shrimp on the barbie are getting scorched. The Australian dollar has taken a big hit in the foreign exchange markets after the Reserve Bank ... data from the Commodity Futures Trading Commission, as of Friday, large non-commercial traders (large [more...]

Date: 2008-09-02 14:49:57

Blame Fannie

Blame Fannie For fans of historical revisionism, ... from all regulation. (It was, I believe, in 2000, when the Commodity Futures Trading Commission ... when he said the law needed to be changed to allow some regulator to at least collect information [more...]

Date: 2008-09-23 22:00:16

SOA resiliance and the power of virtual machines

One of the things that continues to amaze me when I look at companies Disaster Recovery policies is how much they concentrate on the Backup and how ... data backup strategy I'd recommend taking a Virtual Machine backup of the server. Now in future ... it up on some commodity hardware that you have lying around. Its going [more...]

Date: 2009-01-02 17:46:00

Don't Blame the Speculators; Without Futures Markets, Oil Might Be At $200 Instead of $135

Excerpts below from the Fortune Magazine article "Don't Blame the Oil Speculators: ... former U.S. Commodities Futures Trade Commission chief economist Gerald Gay. "No, they're clueless ... Misunderstanding of How Futures Markets Work": Here's a suggestion: The next time a Congressional committee [more...]

Date: 2008-06-28 02:03:05

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-02 21:23:20

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-03 09:25:14

Focus on the Forest, Not the Trees (pfblogs.org)

Yesterday's market is a great example of why timing the market (keeping your eye on the forest) is more important than picking the right stocks ( ... to enlarge):As a result of yesterday's market decline 9 out of 10 stocks, ETFs (stocks, commodities ... ;P futures, after today's 1.75% retracement of yesterday's drop, is pointing to a relatively [more...]

Date: 2008-09-17 01:28:52

Links 6/27/08

The 'value' of protecting whales BBC Researchers study hidden homicide trend PhysOrg Boston Suburb's `Taj Mahal' Brings Ban on Luxury High ... . This is a very good post for those interested in oil and commodities futures markets generally. Antidote du [more...]

Date: 2008-06-27 04:48:51

Obama to name SEC nominee Thursday, sources say

From Brianna Keilar, Ed Henry and Jessica Yellin CNN CHICAGO, Illinois (CNN) ... . She is a former SEC commissioner and served as chair of the Commodity Futures Trading Commission ... and Exchange Commission at a news conference Thursday, according to a senior Democratic official [more...]

Date: 2008-12-18 13:38:34

Obama: 3, Bush: 0.

Today around 10:45 a.m. ET, President Bush began speaking about domestic policies at the American Enterprise Institute and President-elect Obama began his press conference announcing his picks to fill the SEC, Federal Reserve Board, and Commodity Futures Trading Commission. Both MSNBC and CNN ignored the lame-duck president and chose [more...]

Date: 2008-12-18 16:06:36

Bullion metals turn pale

Strong dollar lays its fingerprint on precious metalsBullion metal prices ended lower on Monday, 05 January, 2009 due to the strong dollar. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude ... futures for March delivery fell 1.9% to $11.29 an ounce. Last week, silver has gained 9%. For 2008 [more...]

Date: 2009-01-06 03:15:00

The Fed's Desired 'Weaker Dollar'

A: Fed cut 50 basis points yesterday and until the last five minutes of trading, the markets enjoyed it. Why not right? Now, I have been in the camp of rate cuts for about 4 months now, once the commodity bubble ... in the near future. While housing and credit contract, are prices everywhere going down though [more...]

Date: 2008-10-30 12:09:45

Gustav Goes, Not With a Bang, But a Whimper

As it relates to the energy markets, Gustav wasn’t much more than a light breeze ... . 26, according to the U.S. Commodity Futures Trading Commission. The large speculators ... was off $4.49 a barrel to $110.97 a barrel in electronic trading, and other energy commodities were [more...]

Date: 2008-09-02 13:27:46

Causes: Econbrowser Speaks

Other posts in this occasional series. As you might imagine, I read (or skim) a lot of economics blogs ... -Steagall OK, the Commodity Futures Modernization Act not so much, which is the distinction I also made [more...]

Date: 2009-01-02 02:03:43

The Franken Factor

Assuming Republican Norm Coleman's legal challenges fail and Democrat Al Franken is seated as Minnesota's senator, can the onetime comedian, ... pot shots to early morning debate on reauthorizing the Commodity Futures Trading Commission [more...]

Date: 2009-01-07 14:48:34

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... percent, the most among CRB components. Cocoa climbed 31 percent, the biggest increase. Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined to $1.0082 a [more...]

Date: 2009-01-02 17:46:41

Cheney lies, Obama is wrong, Paul gets it right

While Vice President Dick Cheney uses his final days to tell lies:During an interview Thursday with The Associated Press in his West Wing office, ... the Securities and Exchange Commission and the Commodities Futures Trading Commission into a super-regulator [more...]

Date: 2009-01-09 02:53:00

It's Not The Cheese That Costs so Much

I admit that I can still be astonished. When I watched '60 Minutes' last night I saw a big surprise report that I was right all along about oil ... the commodities futures market. At the New York Mercantile Exchange, it's traded alongside cotton [more...]

Date: 2009-01-12 19:28:09

Oligarch Loyalty No Longer a Given

From the Lex Column of the Financial Times: The crisis has highlighted that Russia is hardwired into the global economy ... foreign policy has a cost in terms of battered confidence and capital flight. That may restrain future ... adventurism undermined that grand bargain. Lower commodity prices, slowing growth, will make [more...]

Date: 2008-09-19 13:39:05

Support GATA Now!

An exchange on gold’s future, and GATA’s post from CPowell on the GATA.org web site. Monday, January 5, 2009 Dear GATA: I am wondering if the words of Commodity Futures Trading ... now? Will it be enough just to get the government to stop coaxing major banks to use the futures [more...]

Date: 2009-01-07 19:40:33

Study Shows Speculators Helped LOWER Oil Prices

It was said to be the year of speculators gone wild ... , the Commodity Futures Trading Commission has offered hard statistical data that financial trading hasn't ... -month period. In other words, index traders and swap dealers were driving the future price of oil [more...]

Date: 2008-09-17 15:39:38

McCain Economics -- Had Your Phil Yet?

Today, John McCain said "the fundamentals of this economy are strong" and promised to "reduce the burden of government ... as a likely advisor in a future administration. But while Gramm was Chairman of the Senate Banking ... are the Gramm-Leach-Bliley Act (GLB) in 1999, and the Commodity Futures Modernization Act of 2000 [more...]

Date: 2008-09-16 22:37:14

Commodity futures trading - Income means cash dividends.

Capital appreciation means an increase in the market price of a stock. Safety means maximum insurance against loss of the funds invested ... held. For expert in-depth information on all aspects of Make Money Trading Commodity, visit Commodity Trading Software [more...]

Date: 2009-01-13 02:00:07

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

By Pham-Duy Nguyen Jan. 1 (Bloomberg) — Commodity prices in 2008 plunged the most in five decades as demand for energy, ... , the slumping economy drove crude oil, gasoline, copper, corn, and wheat down from records in the first ... commodities to post gains. Gasoline futures declined to $1.0082 a gallon last year on the New York [more...]

Date: 2009-01-01 18:57:26

Managing the Business Risk of Fraud...

Operational Risk Management is in full swing at distressed institutions as the TARP funds continue to flow to these needy corporations ... of the Securities and Exchange Commission and the Commodity Futures Trading Commission.Gil Soffer, associate deputy [more...]

Date: 2009-01-07 10:04:00

The Government Wants Your Opinion on Prediction-Markets Regulation

The US Commodity Futures Trading Commission (CFTC) is soliciting public comment on the regulatory treatment of event (prediction) ... to that enjoyed by established futures and options exchanges. Aside from the obvious libertarian argument [more...]

Date: 2008-07-03 22:26:38

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