29/04/2008
The commodity Conundrum : securitization and Systemic Concerns
The mysterious case of the commodity conundrum is sure to elicit passionate debate on either side of the equation—is the commodity boom due to speculation or fundamentals? Two recent articles, "Commodities: Who's Behind the Boom?" (Barrons) and "High Commodity Prices? Blame Wall Street Before Speculators" (Reuters), explore the potentially complicit role of "speculators" as villains...