China, in my opinion, correctly, is pushing its market towards a mostly physical market. They are removing small traders and superfluous paper trades. The premiums being charged on the contracts are so large that it is hardly worthwhile buying them. The CME, on the other hand, has gone more towards
It is difficult for me to believe that the super educated people of the FED can make decisions not conducive to their memorandum. “Promote maximum employment, stable prices and moderate long term interest rates”. I would be embarrassed to show my face in public if I had failed in every
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