Mostly original content that examines financial surreality in equity markets in general, and the Japanese Stock Market in particular.
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_Auctionhttps://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
Post a Comment
All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent