Saturday, Jun 14, 2008

speculators are increasingly rinsing money from all our pockets

Spiegel Online International: How Speculators Are Causing the Cost of Living to Skyrocket

After investing in high-tech stocks and real estate loans for years, legions of speculators have now discovered commodities like oil and gas, wheat and rice. Their billions are pushing prices up to astronomical levels -- with serious consequences for ordinary people's quality of life and the global economy

Posted by towner @ 04:47 PM (118 views) Add Comment

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