I seem to remember reading in Wall Street about how this "fairy tale" explanation (hardworking farmers transfer risk to speculators and everyone lives happily ever after) is just that: only a tiny portion of futures contracts have anything to do with producers or consumers of actual commodities. Doug, if you could elaoborate?
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>btw, how 'bout those Cubs?!? I expect to see pigs flying soon.
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Bastards. I already had my tickets on order for the playoffs in Candlestick. And, speaking as a born-and-bred New Englander, the pigs will start flying when the Sox win the Series. The Cubs just suck - they don't have the awesome tragic power of those afflicted with the Curse of the Bambino...
Jim Baird
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