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Grand Theft Oil Futures: Insider traders keep making a killing at our expense

paulkrugman.substack.com

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Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#151

Post by ifwinterco »

bcjdjsndon wrote: post #146
ifwinterco wrote: post #142

Earlier quoted context omitted.

It's more evidence if any was needed that the US is now definitively in a late imperial phase of decline - US elites have become corrupt. This is classic decline of empire stuff. So no you can't stop it, but knowing that does at least let you make decisions with more clarity in your own life

I'm just glad I'm alive to witness it. Ww2 is what finally sank Britain's declining empireafter ww1, I'm hoping Iran and maybe a global war finally knocks them off that top spot and the east takes over

The lesson from the British empire is it's a slow process, death by a thousand cuts.

"There is a great deal of ruin in a nation" and all that.

We'll be watching it for the rest of our lives, mostly in slow motion with occasional rapid periods of decline like the one at the moment

Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#152

Post by an0malous »

vkou wrote: post #54
Havoc wrote: post #43

The worst part is the sharp changes in the price being traded aren't achieved by magic but rather with guns & actual human suffering

The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.

A lot of Trump supporters, including Tucker Carlson, Joe Rogan, and Dave Smith, voted for him because of his anti-war stance during campaigning. I’m not defending their poor judgement of an infamous con artist (I didn’t vote for Trump) but we should ask ourselves how democracy can function if candidates can just make things up during campaigns and do the complete opposite when they’re elected. We should also ask ourselves who really wanted this war and how they have so much leverage over our country to instigate it when 50-60% of Americans do not support it. We should ask how it’s possible that such unpopular wars always seem to have bipartisan support. We should also ask ourselves how Congress failed to stop this war which has been illegally executed without congressional approval. It’s all very curious if you think about it.

We can’t just keep finger pointing at the other party whenever things go wrong. There are systemic issues and outside influences destroying this country. Some people think this will all be fixed when democrats take over again in November but they’re wrong and the cycle will continue just with a more presentable veneer of decency.

Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#154

Post by bcjdjsndon »

trollbridge wrote: post #103
yieldcrv wrote: post #83

The warring parties greatly influence the price of oil futures but they are not the only influences, and there are other markets The losses of market participants and the gains from insiders is difficult for me to take seriously as a problem in commodities market I read all of the cases in the article

The article displays a laughably out of date view of futures markets, too There are people and institutions, such as oil producers, who will need to sell oil at a future date. They want to lock in the price today on those future sales. There are also people and institutions, such as airlines, who have a future need for oil and would like to lock in the price today. Airlines haven’t hedged fuel in a long time and gene…

> The rest of the market is speculation

Metals (miners manufacturers) and agricultural (farmers food makers) futures are still non-speculative. There are industries that still buy materials from these markets, for delivery, as in they want to see the physical product in their hands. I was surprised to find that out as well

Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#155

Post by Brigand »

coredog64 wrote: post #132

By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's - Paul Krugman, 1998 Excuse me if I take the Krug-o-tron's opinions with a grain of salt.

So everyone who was wrong once 20 years ago should have their well presented insight dismissed without further reasoning?

Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#158

Post by bcjdjsndon »

sailfast wrote: post #99
5o3lad wrote: post #95

The corruption is a welcome byproduct of Trump's role as a Reality TV host who has to keep the conflict going and Hormuz closed. The fact that he is talking peace again now is just because he cannot attack before the meeting with Xi in mid May. The real issue is US energy dominance and control of the sea routes. Which Krugman does not mention, because the effort is bipartisan and he probably likes it. The US literall…

I think you’re giving Trump too much credit. If he starts firing shots again the war is illegal. The 60 day window is over. He has no appropriated money to fight the war, no public support, and no way out. There is no chess game here. It’s not even checkers. He is just trying to not have to admit he made a mistake - just with billions of dollars and lives on the line. Such sad.

> If he starts firing shots again the war is illegal.

Whos gona prosecute america? Germans ar still waiting for somebody to go to jail for Dresden, and rightly so

Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense

#160

Post by kingleopold »

an0malous wrote: post #152
vkou wrote: post #54

Earlier quoted context omitted.

The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.

A lot of Trump supporters, including Tucker Carlson, Joe Rogan, and Dave Smith, voted for him because of his anti-war stance during campaigning. I’m not defending their poor judgement of an infamous con artist (I didn’t vote for Trump) but we should ask ourselves how democracy can function if candidates can just make things up during campaigns and do the complete opposite when they’re elected. We should also ask ours…

"lying is free" and it has no consequences for these people. whether it is WMDs or war or fiat money printing with trillions or killing millions. What you people call justice is, well it's obv. so no need to write about it. These facts dont change with two party or three party, it's cultural btw.

We all know how some cultures are violent and backwards to each other? some or like this, just different culture

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