Girl Scout Cookies
Cut Flowers
Rice Noodles
Monday, March 17, 2014
Un-Diddled Markets
List of Markets Not Tampered With By Bankers, Traders, Dominant Corporates & Hedge Funds.
Girl Scout Cookies
Fresh Fish (thanks Joe W.)
Cut Flowers
Rice Noodles
HIBOR
Gold Fix
Foreign Exchange
Oil
Natural Gas
Payment Protection Insurance
Art
HY/IG Derivative Markets
Aluminium
Equity Markets
New Issues
LIBOR
EURIBOR
Collateralized Debt Obligations
Wholesale Electricity
Cheese
FTSE Derivative Expirations
Split Capital Trusts
Lead
Copper
Girl Scout Cookies
Cut Flowers
Rice Noodles
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5 comments:
Cheese?
Cheese indeed! Kraft, a near-monopsonistic buyer uses an exchange-traded settlement price as benchmark for physical market purchases from dis-aggregated (mostly small) producers. The temptation to press the exchange settlement price down (despite Kraft being almost exclusively a purchaser) to lower their acquisition costs on their much larger physical contracts was simply too great. In Japan, this would have resulted in executives supplicating themselves in the deepest bows. In Crony Kraft, it results in a fine, and then a return to business as usual. Where's Preet Bharara when you need him?!?!?
Cut flowers are traded in The Netherlands:
http://en.wikipedia.org/wiki/Aalsmeer_Flower_Auction
https://www.floraholland.com/en/about-floraholland/visit-the-flower-auction/aalsmeer/
Begging to differ...
Sovereign debt markets under QE:
http://www.zerohedge.com/news/2014-03-20/qes-are-cake-full-walkthru-how-bond-traders-manipulate-daily-pomo
http://www.zerohedge.com/news/2014-03-26/two-years-later-larry-fink-confirms-zero-hedge-was-right
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