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taken from the Reuters web site:
Lawmakers' zeal versus speculators could backfire | U.S. | Reuters
excerpt:
By Russell Blinch - Analysis
WASHINGTON (Reuters) - With a zeal fueled by rocketing oil and food prices, U.S. Congress is suddenly determined to bring rampant trading under control.
But rather than looking at excess consumption and demand, Congress is entering the murky waters of trying to control soaring prices, mulling bills that could well backfire and drive funds to less transparent but more accommodative bourses offshore.
In just one of a slew of bills, the House of Representatives overwhelmingly passed largely symbolic legislation on Thursday ordering regulators to "curb immediately" excessive speculation in commodity markets.
Of all the bills, market players are most concerned about the Senate's End of Speculation Act which calls for an increase in margin requirements as a blunt tool to tackle price speculation. That bill has yet to be debated.
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I wonder if regulated trading equals planned economy?
And what is that other word for planned economy?
Lawmakers' zeal versus speculators could backfire | U.S. | Reuters
excerpt:
By Russell Blinch - Analysis
WASHINGTON (Reuters) - With a zeal fueled by rocketing oil and food prices, U.S. Congress is suddenly determined to bring rampant trading under control.
But rather than looking at excess consumption and demand, Congress is entering the murky waters of trying to control soaring prices, mulling bills that could well backfire and drive funds to less transparent but more accommodative bourses offshore.
In just one of a slew of bills, the House of Representatives overwhelmingly passed largely symbolic legislation on Thursday ordering regulators to "curb immediately" excessive speculation in commodity markets.
Of all the bills, market players are most concerned about the Senate's End of Speculation Act which calls for an increase in margin requirements as a blunt tool to tackle price speculation. That bill has yet to be debated.
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I wonder if regulated trading equals planned economy?
And what is that other word for planned economy?