This article is nonsense. For every bettor on the wrong side, there is a winner enjoying their profits. Just as John Paulson took in $6.5 billion by betting on the U.S. housing collapse.
This isn’t about futures markets being zero-sum games. This is about theft of client money by the execs of MF Global, who have yet to face criminal charges even though some $1.2 billion is “missing.”
I listened to a later interview with her on Financial Sense. She thinks it is going to force farmers back into storing their crops on the farm and selling it truck load by truck load..
P.S. Paulson gave it all back this year..
When are posters like you going to understand the truth about MF Global??
They STOLE their client’s money, the clients DID NOT INVEST their money with MF Global. The clients held positions in futures contracts along with cash. MF Global used THE CLIENT’S MONEY without asking.
This isn’t like Madoff where people give him their money to invest!!!!!!!!!!
Sheesh, still have to point this out! Read for crying out loud!
For every robbery victim, there is a robber enjoying their profits.