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  • wgrsh wgrsh May 11, 2013 9:33 PM Flag

    Derivatives and JPM

    It's a little off topic, but there is a connection to fuel in the derivatives/futures market. JPM is in trouble again ... there was the London whale episode and now energy trading ... manipulating power plant energy prices. Of course, one pundit put it this way, " Meanwhile, analysts at Platts noted that JPMorgan's activities have had "limited or no impact on supply or demand, since there is no impact on how much generating capacity exists." " (cnbc article) The government apparently feels there is more to it, and is still going after JPM.

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    • " Meanwhile, analysts at Platts noted that JPMorgan's activities have had "limited or no impact on supply or demand, since there is no impact on how much generating capacity exists." " .... really?

      Today there is a Bloomberg article talking about oil price manipulation in the EU, and talks about "Platts". It's not the repeal of supply and demand ... it is "supply and demand plus". These "dark markets" that feed price to the futures market, and then price discovery in hard commodities looks to the futures market ... it's no wonder things have been "fubar" since the mid 2000s. Anyway, I think, the light is turning on and hopefully something will be done about it regardless of the push back.

 

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