Does the US need to regulate the Commodities Markets?

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Does the US need to regulate the Commodities Markets?

by BillySteve Posted August 08, 2009 16:28:54

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Treasury Secretary Tim Geithner wants to impose new regulations in the US Commodities Markets. Meanwhile China's Dalian market trades more Soybean futures than the Chicago futures market. China is using more and more commodities.

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	This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
	We need to prevent spikes in prices, such as the price of oil in 2008. The US is still the largest econonmy in the world so we need to set a leadership role.
	I think.....

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+2 raves Dan-Proud American August 08, 2009 21:05:30

Answered: This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
If if means bringing back price controls, then HELL NO!! Really we are already very regulated and can't afford to lose any more jobs.
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+1 raves
Socalgal August 08, 2009 21:50:19

Answered: This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
Price Controls can lead to shortages and rationing also.
+2 raves
Dan-Proud American August 08, 2009 21:05:30

Answered: This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
If if means bringing back price controls, then HELL NO!! Really we are already very regulated and can't afford to lose any more jobs.
+1 raves
DW August 08, 2009 20:22:04

Answered: This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
Supply and demand is sufficient .When the traders get stung a few times the markets will adjust on their own. the consumer will control the recovery and speculators will lose in the end. Conserve cash until they break
+1 raves
BillySteve August 08, 2009 16:33:23

Answered: This is a stupid idea! "Clamping down" on US Commodities Markets will drive them overseas! We have reasonable regulation today, so let's keep Commodities Markets a US thing by continuing to be reasonable.
Stupid is as Obama does....

If you hated the cost of oil today wait until someone in China bids it up in Renminbi or someone in China bids it up in Rupees...
+1 raves
Socalgal to BillySteve August 08, 2009 21:51:24

Agreed!