How Goldman Sachs Created the Food Crisis
foreignpolicy.com
How Goldman Sachs Created the Food Crisis
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Re: How Goldman Sachs Created the Food Crisis
#2Three previous submissions of this April 2011 article:
http://news.ycombinator.com/item?id=2493253
http://news.ycombinator.com/item?id=2499617
http://news.ycombinator.com/item?id=2533280
It has also been submitted in comments.
Re: How Goldman Sachs Created the Food Crisis
#3Wikipedia here
http://en.wikipedia.org/wiki/S%26P_GSCI
quotes this article:
http://www.economist.com/node/16432870?subjectid=2512631&...
"After analysing data on both prices and individual holdings from America’s Commodity Futures Trading Commission, the OECD study found that there was “no convincing evidence that positions held by index traders…impact market returns”; indeed, the OECD reckons that larger positions led to lower market volatility (although data issues mean the finding is more convincing for agricultural products than for energy markets)."