Submitted by CARPE DIEM

The futures market may be a convenient scapegoat, but it’s simply a price discovery mechanism. Major energy consumers – refiners, airlines – buy and sell these contracts to lock in goods at a future price, as a hedge against volatility. Essentially, they’re guesses about coming oil supply and demand, as well as […]

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Submitted by CARPE DIEM
Senator John McCain recently called for a “thorough and complete investigation of speculators” to see if they’ve driven up oil prices. And Senate Democrats plan a new bill aimed at commodity speculators - a witch hunt that’s clearly about oil.
But, much as politicians would like to blame speculators, it’s just not […]

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Submitted by CARPE DIEM
For the past three years, I have been looking into the excessive speculation occurring on the energy markets. I have done more than just scratch the surface; I’ve really delved deep into this issue to understand the extent to which market speculation is inflating the price of crude oil. I sat through […]

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Submitted by CARPE DIEM

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Submitted by Econbrowser
New aggregate indicators on the macroeconomy are out. How do they compare against a summary measure of the macro series the NBER BCDC focus on?

A week ago, Macroeconomic Advisers released their estimate of April GDP, while e-Forecasting released their estimate of May GDP. These two series are depicted in Figure 1.
Recall that the […]

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Submitted by A Dash of Insight
At “A Dash” we have an ongoing interest in how consumers–especially investors– can get useful information from the Internet.  It is one of the chapters in our book, where will consider in detail the various Internet sources.  It is important to understand what one can and cannot learn from the […]

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