Speculators Undermining Recovery, Report Says


	Speculators Undermining Recovery, Report Says

brightlight4

9-10-2009 6:01 PM

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brightlight4 says:

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9-12-2009 1:41 AM

darkeforce

Speculators were identified as one blatant cause of the economic meltdown, and yet, still nothing has been done to stop them. They're still doing the exact same thing they were doing that led to the problem.

The futures market should either be shut down completely, or else heavily regulated.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c4db6457-c828-434a-b4e2-5f3a39cc6163/F237F026-ACA0-48BA-AD94-7C76742FA218/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.commondreams.org/headline/2009/09/10-5" href="http://www.commondreams.org/headline/2009/09/10-5" style="font-size: 11px;">www.commondreams.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.commondreams.org/headline/2009/09/10-5"><H1 class="title">Speculators Undermining Recovery, Report Says</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.commondreams.org/headline/2009/09/10-5"><P>UNITED NATIONS - The current economic meltdown will continue for years if the world community does not take firm and coordinated action to regulate the flow of capital, say researchers who have just concluded a new study for the United Nations.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.commondreams.org/headline/2009/09/10-5"><P><DIV class="caption"><IMG width="275" height="183" align="bottom" alt="[File photo of the World Bank (L) and the International Monetary Fund (IMF) headquarters in Washington, DC. With the global economy in the deepest recession in 60 years, a record 131 economies reformed business regulation in the fiscal year ended in May, a World Bank report showed. (AFP/File/Tim Sloan)]" class="imagefield imagefield-field_image" title="worldbank_imf_headquarters.jpg" src="http://www.commondreams.org/files/article_images/worldbank_imf_headquarters.jpg" />File photo of the World Bank (L) and the International Monetary Fund (IMF) headquarters in Washington, DC. With the global economy in the deepest recession in 60 years, a record 131 economies reformed business regulation in the fiscal year ended in May, a World Bank report showed. (AFP/File/Tim Sloan)</DIV>"There hasn't been much achievement in regulating the financial markets," says Heiner Flassbeck, one of the study's authors associated with the U.N. Conference on Trade and Development (UNCTAD). "The world is still mired in deep economic crisis."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.commondreams.org/headline/2009/09/10-5"><P>According to the report, this crisis reflects the "predominance" of the financial markets over the real economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.commondreams.org/headline/2009/09/10-5"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.commondreams.org/img/92B43C1C-4268-4F68-AC3C-64F90C16A1AC" alt="[File photo of the World Bank (L) and the International Monetary Fund (IMF) headquarters in Washington, DC. 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