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    • WATCH: Kaibosh Food Rescue out to reduce food poverty June 8, 2018
      Kaibosh Food Rescue helps reduce food poverty aby saving 15 tonnes of food every month. COURTNEY DAY reports. The post WATCH: Kaibosh Food Rescue out to reduce food poverty appeared first on NewsWire.co.nz.
      Courtney Day
    • WATCH: Wellington’s Last Post ceremony coming to an end June 8, 2018
      As the 100 year anniversary of Armistice Day approaches, Last Post Ceremony draws to an end. BONNIE MOSEN reports. The post WATCH: Wellington’s Last Post ceremony coming to an end appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • WATCH: Kaibosh puts the kibosh on food poverty in Wellington June 8, 2018
      Some of the $872m in food Kiwis discard annually is find its way to good homes. BONNIE MOSEN reports The post WATCH: Kaibosh puts the kibosh on food poverty in Wellington appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • WATCH: Daily Last Post ends in November June 8, 2018
      The daily Last Post ceremonies at Pukeahu end in November this year as the 100 year anniversary of WWI's end approaches. NICHOLAS HENDRICKS reports. The post WATCH: Daily Last Post ends in November appeared first on NewsWire.co.nz.
      Nicholas Hendricks
    • Challenging the status quo in New Zealand media June 3, 2018
      Diverse voices beyond the straight white narrative can be found at Wellington Access Radio 106.1. ANDREW BEVIN reports The post Challenging the status quo in New Zealand media appeared first on NewsWire.co.nz.
      Andrew Bevin
    • Life after pro skateboarding includes helping next generation June 3, 2018
      Wellington IT worker and skateboarding advocate Chris Wood lived every skating boy’s dream. He talks to ANDREW BEVIN The post Life after pro skateboarding includes helping next generation appeared first on NewsWire.co.nz.
      Andrew Bevin
    • Podcast a way to talk about mental health for talented performers June 3, 2018
      Alcohol and tears were the catalyst for podcast How'd It Go. Actor Max Apse has been on stage and screen and Robbie Nicholl has been the White Man Behind A Desk, but ABIGAIL SINCLAIR PARKER finds their podcast has presented different challenges. The post Podcast a way to talk about mental health for talented performers appeared first on NewsWire.co.nz. […]
      Abigail Sinclair-Parker
    • Little-known textile designs of artist Avis Higgs brought to life May 26, 2018
      The Wellington artist may have passed away but her daughter is ensuring her work lives on The post Little-known textile designs of artist Avis Higgs brought to life appeared first on NewsWire.co.nz.
      Julia Steel
    • Women fly and run Wairarapa Balloon Festival May 25, 2018
      The sky’s no limit for women who have chased their dreams. SALLY HEMING talk to them about their stories. The post Women fly and run Wairarapa Balloon Festival appeared first on NewsWire.co.nz.
      Sally Heming
    • Wainuiomata Hill’s Shared Path project worth wait for mayor May 25, 2018
      Lower Hutt Mayor excited about safety for walkers and cyclists up Wainui Hill. COURTNEY DAY reports. The post Wainuiomata Hill’s Shared Path project worth wait for mayor appeared first on NewsWire.co.nz.
      Courtney Day
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Bernstein: CFTC’s plans won’t stop wild speculation

Richard Bernstein, the former Chief Investment Strategist and Head of the Investment Strategy Group at Merrill Lynch and CEO of Richard Bernstein Capital Management, believes plans by the Commodity Futures Trading Commission to regulate speculation on the exchange won’t work because it will merely push speculators to the non-regulated over-the-counter markets.

Bernstein also argues that it was hedge funds, not “textbook” speculators, and excessive lending from banks helped fuel the speculative bubble in the oil market in 2007/08.

I loudly applaud the CFTC’s efforts to tighten commodity trading regulations, but I think that Washington still doesn’t fully understand the root cause of today’s speculative commodity and financial markets. 

It’s not about position limits.  It’s about credit flowing to financial speculation instead of toward productive use. READ HERE

Commodify Me! would also like to point out that there is an article in Time Magazine that is closely related to this: Why There Should Be More Oil Speculation, Not Less.

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