On Thu, Apr 12, 2012 at 1:04 PM, Shane Mage <[email protected]> wrote: > This is shameless demagogy. Kennedy doesn't even admit that for every > speculative dollar betting on a price increase there is a speculative dollar > betting the other way.
That doesn't prove anything. Speculation can amplify price movements both ways i.e. vastly increase price volatility, so it is not wrong to say that when prices are elevated, part of the increase is directly attributable to the actions of speculators. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
