The Natural Philosopher wrote in
:
Dan Sheppard wrote:
The Natural Philosopher wrote:
Theocracy, military dictatorship, Soviet style communism, all these
star with a preconception as to what is right and will work, and
attempt to create people to fit the perfect system,and thise
ultimately end up being totally repressive.

I agree with this,

Market based economies at least do not second guess societies shape:
what works tends to flourish and what doesn't falls by the wayside.

But I'm not so sure about this. Isn't this what futures and hedge
markets do?

Dan.

Almost the reverse. They attempt to secondn guess a what tbe future
economic shape of the economy will be for sure, but their actions
usually tend to make things if more volatile, ultimately act against
their expectations.

i.e.todays oil futures account for and etsimated 20% of the price RISE
(Barclays Capital).

Current oil prices are a bubble, but that's not the usual effect of futures.
The flight to commodities are a consequence of retreat of capital from
the financial markets, and commodities futures are predicting that this
will continue. As with most perturbations, the system will return to
equilibrium eventually.