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Food Crisis
#33
<b>Oil price crash not imminent despite bubble: Soros</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"We are currently experiencing the bursting of a housing bubble and, at the same time, a rise in oil and other commodities which has some of the earmarks of a bubble," Soros said in prepared testimony before the U.S. Senate Commerce Committee. "To be sure a crash in oil markets is not imminent."

U.S. lawmakers - mostly Democrats - are looking for legislative ways to rein in speculation in crude oil markets, which they see as the prime mover behind the rise in U.S. oil futures above $135 a barrel last month.
.........

Soros said there was <b>"a strong prima facie case against institutional investors pursuing a commodity index buying strategy," which is "intellectually unsound, potentially destabilizing and distinctly harmful in its economic consequences."</b>

Raising margin requirements would have no effect on commodity index buying because they use cash to finance their trading, Soros said. But raising margins "would be justified because it would discourage speculation," he said.
<!--QuoteEnd--><!--QuoteEEnd-->

Yes, money he is making can fund to topple lot of countries.
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Messages In This Thread
Food Crisis - by Capt M Kumar - 05-03-2008, 02:11 PM
Food Crisis - by Shambhu - 05-03-2008, 05:43 PM
Food Crisis - by Guest - 05-04-2008, 04:09 AM
Food Crisis - by Guest - 05-04-2008, 06:31 AM
Food Crisis - by Guest - 05-04-2008, 11:20 PM
Food Crisis - by Guest - 05-04-2008, 11:21 PM
Food Crisis - by Guest - 05-05-2008, 02:31 AM
Food Crisis - by Guest - 05-06-2008, 12:58 AM
Food Crisis - by shamu - 05-06-2008, 01:37 AM
Food Crisis - by Bharatvarsh - 05-06-2008, 02:07 AM
Food Crisis - by Guest - 05-06-2008, 02:21 AM
Food Crisis - by Guest - 05-06-2008, 03:00 AM
Food Crisis - by Guest - 05-06-2008, 06:52 AM
Food Crisis - by Guest - 05-06-2008, 06:53 AM
Food Crisis - by Guest - 05-06-2008, 06:56 AM
Food Crisis - by shamu - 05-06-2008, 08:52 AM
Food Crisis - by dhu - 05-06-2008, 11:02 AM
Food Crisis - by Guest - 05-06-2008, 11:46 AM
Food Crisis - by Guest - 05-06-2008, 11:50 AM
Food Crisis - by Guest - 05-06-2008, 11:54 AM
Food Crisis - by dhu - 05-06-2008, 12:15 PM
Food Crisis - by acharya - 05-07-2008, 04:57 AM
Food Crisis - by Guest - 05-07-2008, 10:31 AM
Food Crisis - by Capt M Kumar - 05-07-2008, 12:36 PM
Food Crisis - by Guest - 05-09-2008, 03:27 AM
Food Crisis - by Guest - 05-12-2008, 08:13 PM
Food Crisis - by Guest - 05-12-2008, 08:14 PM
Food Crisis - by Guest - 05-17-2008, 03:52 AM
Food Crisis - by Capt M Kumar - 05-18-2008, 02:01 PM
Food Crisis - by Guest - 06-01-2008, 10:01 PM
Food Crisis - by Guest - 06-02-2008, 03:17 PM
Food Crisis - by Guest - 06-03-2008, 05:22 PM
Food Crisis - by Guest - 06-03-2008, 08:44 PM
Food Crisis - by Guest - 08-15-2008, 07:01 AM
Food Crisis - by Guest - 08-20-2008, 10:32 AM
Food Crisis - by Guest - 10-19-2008, 05:00 AM
Food Crisis - by Guest - 01-20-2009, 11:50 AM
Food Crisis - by Guest - 01-21-2009, 03:26 AM
Food Crisis - by Guest - 03-06-2009, 04:31 AM
Food Crisis - by Guest - 08-08-2009, 04:12 AM
Food Crisis - by Guest - 08-17-2009, 10:47 AM
Food Crisis - by Guest - 08-25-2009, 10:52 PM
Food Crisis - by Guest - 09-02-2009, 07:47 AM
Food Crisis - by Guest - 12-28-2009, 06:09 AM
Food Crisis - by Guest - 03-31-2010, 09:22 AM
Food Crisis - by Guest - 04-05-2010, 08:03 AM
Food Crisis - by Bharatvarsh2 - 04-05-2010, 08:48 AM
Food Crisis - by Guest - 04-05-2010, 09:44 AM
Food Crisis - by Capt M Kumar - 04-18-2010, 03:19 AM
Food Crisis - by Capt M Kumar - 04-19-2010, 02:53 AM
Food Crisis - by Capt M Kumar - 04-20-2010, 07:47 AM
Food Crisis - by Guest - 07-01-2010, 11:14 AM
Food Crisis - by Guest - 11-10-2010, 03:46 AM
Food Crisis - by Guest - 01-17-2011, 09:12 AM
Food Crisis - by dhu - 01-19-2011, 10:30 AM
Food Crisis - by ramana - 01-20-2011, 01:42 AM
Food Crisis - by Guest - 01-20-2011, 04:25 AM
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Food Crisis - by Guest - 03-31-2011, 09:05 AM
Food Crisis - by Guest - 04-27-2011, 09:35 AM
Food Crisis - by Guest - 08-27-2011, 09:57 AM
Food Crisis - by Guest - 08-04-2009, 08:12 PM

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