Goldman Sachs makes $1 billion profit on food price speculation

Quote from brownegg:

Brilliant journalism and insights. Clearly the answer is to remove food from the public auction markets so price discovery is a closed-door process between the largest growers and processors.

You should probably write to Obama and tell him yourself.

you owe me a new keyboard.
 
Quote from Random.Capital:

Speculating on commodities is the oldest market we have.

I don't see anything new here...

Nothing new with this, I agree.
 
it is envy by people who don't have a pot to piss in and whose understanding of the capitalist system is minuscule.

I recall goldman investing in a thai hotel chain at the peak of the asian crisis. a few months later this publicly trade investment was worth3x. most of you don't have access to the thai market.

that's life. try harder.
 
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