The subject matter of today’s article is among the most arcane on which Bagholder has ever written… Many of you will likely close the window you are reading this in before finishing the 2nd paragraph.
Just another sign of the times to come...when the hypocrisy, coupled with the corruption is so in-your-face, and they could care less of the repercussions and fallout from it. The LME is owned by China...which further suggests to me, they are going to milk it for what its worth, collapse the exchange and open up "a new and improved one". If we have an issue with how the exchanges are managed now, imagine how bad it could be when the Chinese eventually take over the pricing structure which is still here. Stack on...
Hypocrisy and fraud are everywhere, media, politics, markets... At least you understand the game, don't over-extend, avoid counter-party risk (except for dollars of course) and stay out of debt.
Just another sign of the times to come...when the hypocrisy, coupled with the corruption is so in-your-face, and they could care less of the repercussions and fallout from it. The LME is owned by China...which further suggests to me, they are going to milk it for what its worth, collapse the exchange and open up "a new and improved one". If we have an issue with how the exchanges are managed now, imagine how bad it could be when the Chinese eventually take over the pricing structure which is still here. Stack on...
The Brazenness is shocking to me - they have NO shame. And still, people buy these LME/CME paper products without a care in the world.
I sense a reckoning...not a good feeling. Something has to give...
Hypocrisy and fraud are everywhere, media, politics, markets... At least you understand the game, don't over-extend, avoid counter-party risk (except for dollars of course) and stay out of debt.
WTF!?! I’m astounded this can happen.