Financial Speculation, The Global Casino – By Akhil Khanna, Market …
This has not stopped the oil price to shoot up from a low of $40 per barrel in March 2009 to $80 in March 2010. Similarly the consumption of gold has fallen from 3805 tonnes in 2008 to 3385 tonnes in 2009, a fall of more than 11% (Source : World Gold Council) but its …. Financial reforms will only happen when the law makers have no other option but to clampdown hard on these financial institutions under the public pressure after the next major crash in asset prices. …
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