Eugene David ...The One-Minute Pundit |
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Friday, June 06, 2008
We wonder if the problem with commodities trading in general and oil trading in particular isn't that the system is broken but that it works too well.
Commodities indices have proved the most popular way for institutional investors to gain exposure to rising oil, metals and agriculture prices. As an asset class, they have comfortably out-performed returns on both stocks markets and bonds, helping attract huge new investor inflows. 1. How many of us are superwealthy? and 2. Doesn't it eventually crimp even the Richie Riches' style too?
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