Makers and Takers
Makers and Takers The Rise of Finance and the Fall of American Business By Foroohar, Rana Book - 2016

As if Wall Street's ability to buy as many grain or oil futures as it wants -- often with our retirement money -- and contribute to run-away inflation weren't enough, there's another problematic wrinkle that finance has brought to the commodities market: Today bankers can both trade commodities AND buy up the physical goods being traded. . . .

It. . . puts them in direct competition with the businesses that actually need such raw materials to make products. . . The financialialization of commodities markets means that AMERICAN BUSINESS NOW HAS TO COMPETE WITH ITS OWN BANKERS.

roystreet's rating:
To Top