Spekulacja II
/ 178.36.140.* / 2011-06-06 16:07
Raport ONZ twierdzi, że jest 20% premia spekulacyjna na ropie i rządy powinny interweniować.
Government intervention may be needed to burst the huge bubble that has developed in the price of commodities such as food staples and oil, a UN report says .
Prices have rocketed in response to dysfunctional commodities markets, according to the report, which also disputes the view of many senior economists and central bankers that commodity prices have jumped as a result of a surge in demand.
"The changing role of commodity markets, which are turning into financial markets, has enormous repercussions for the economy," said one of the report's authors - Heiner Flassbeck, a director at the UN conference on trade and development (Unctad).
Investors are encouraged to behave like a herd, says the report, with few incentives to arbitrage or bet against the tide of rising prices. Without checks and balances in the system, investors create price bubbles that put many basic foodstuffs out of the reach of millions in the developing world.
Oil may be as much as 20% over valued