Speculators on Wall Street are also making things difficult as they hold futures in certain key commodities that are driving up inflation.
Been going on a long time. Financial markets should not be able trade commodities. You must take delivery. Banks were buying oil contracts and storing the oil hoping for shortages so they could sell their oil for higher prices. Fortunately, we didn't run out of oil, but did manage to run out of storage space! LMFAO!
>Speculators on Wall Street are also making things difficult as they hold futures in certain key commodities that are driving up inflation.
Been going on a long time. Financial markets should not be able trade commodities. You must take delivery. Banks were buying oil contracts and storing the oil hoping for shortages so they could sell their oil for higher prices. Fortunately, we didn't run out of oil, but did manage to run out of storage space! LMFAO!
(post is archived)