This curious beast combines commodity speculation with a wild bet on the Internal Revenue Code.
Others quickly followed suit, and, according to Kaufman, the Great Commodity Speculation had begun.
Others are more debatable: flawed trade policies, increased biofuel production and commodity speculation.
This argument over price volatility is simply an excuse: food commodity speculation is bad just because it is and it must be stopped.
FORBES: Speculation Reduces Price Volatility, Not Increases It
Which will be a great annoyance to some who have been campaigning for just this tax as they would like it to reduce commodity speculation.
Also pushing up neutral, the pipeline of excess liquidity is still filling despite rate hikes, most visibly in commodity speculation and record levels of corporate cash.
The rise in the price of gold is being caused by commodity speculation and is a message to the Federal Reserve that monetary policy is on the wrong track.
My guess is that commodity speculation would slow, stocks would rise, real estate would stabilize and begin to climb, and small businesses would start investing in their future once more.
Commodity speculation is reaching white-hot proportions, particularly with oil.
It will fuel the emerging markets and commodity speculation.
This policy helps Wall Street make money on commodity speculation and staying short the dollar, while Main Street USA struggles with the higher cost of living resulting from higher energy and food costs.
Bernanke gets credit for not strangling the economic recovery in its cradle, but his sub zero money market rates bear sizable responsibility for the weak dollar, commodity speculation and the inherent inflationary impact all this entails.
And yes, even during the Great Depression can one find accusations of commodity market speculation for the unseemly rise in goods prices.
The level of financial speculation in commodity trading today may be 2 to 3 times normal activity.
Limiting speculation would stabilize commodity prices and prevent violent price spikes.
FORBES: The 'Other' Fiscal Cliff: Unfinished Financial Reforms
Speculation runs rampant in commodity exchanges, stoked by political turmoil and conflict in many oil-producing states and by "resource nationalism" emboldened by the high prices .
Crude oil has been on a tear recently, rising more than 20% since mid-June despite an ailing global economy, the possibility of an implosion in the Eurozone, and a slowdown that spans from China to the U.S. Geopolitical concerns are back on the table, as Iran and Israel step up the rhetoric once again, coupled with speculation that stimulus or easing from Draghi or Bernanke will support commodity prices.
FORBES: What's Wrong With This Picture? Oil Up More Than 20% As World Stagnates
After the CFTC issued 16 of those letters, speculation grew to more than 80 percent of the activity on the commodity exchanges, a Congressional staffer told Taibbi.
In addition, lawmakers' recent pressure on the U.S. Commodity Futures Trading Commission to increase its oversight of energy markets might help curb any speculation contributing to the price run-up.
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