I picked up the story in Kleinezeitung – the EU has passed a law to stop speculators artificially raising food prices – and didn’t understand exactly what it meant. So I looked up the story in the Wall Street Journal – and am really none the wiser. Yes, I know what derivatives are, and what high frequency trading is, but ‘dark markets’ are a new one, and exactly what will be the effect on UK competitiveness of the measures is beyond my understanding.
That this isn’t a story featured in the UK press doesn’t mean it’s not important. But once again I must wait for Dr North or [email protected] or Booker to let me know if we should be concerned about this or not. Hey ho.
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