This economy is marked by several features : ( 1 ) a disassociation between the physical commodity and its representation in financial markets that is global in scope, ( 2 ) a reliance on fiat currency, ( 3 ) a financialization of the economy based on debt.
42.
That same year, J . P . Morgan announced the sale of its physical commodities business for $ 3.5bn in the face of increased regulatory scrutiny brought on by a Federal Energy Regulatory Commission investigation into the bank s alleged manipulation of energy markets in California and Michigan.
43.
Robert Collins Jr . said Nymex hopes the new exchange, which will offer crude and oil product futures contracts will be up and running " sometime in 2005 . " Futures are contracts to either accept or deliver the actual physical commodity at a set date and price.
44.
There is a lot of speculation in the actual physical commodities, which you see reflected in the price movements, " said McCarthy, of vFinance . " That said, the fundamentals do support continued high prices . . . even in a general environment of flat stock prices ."
45.
Today Bache & Co . holds approximately $ 100 Million in Assets in physical commodities, Numismatics and has holdings in internet, and publicly traded companies that include or have included Tidalwave, First American, Dallas Gold & Silver Exchange ( Nasdaq " DGSE " ), Fannie Mae and Freddie Mac.
46.
Just as the trade in physical commodities allows farmers to hedge against abrupt swings in price and enables consumers to count on steady supplies, economists and communications experts say a new approach that treated scarce frequencies as a commodity would allow new and older technologies to continue to flourish.
47.
In 2006, the models worked particularly well : GDP, which trades 80 global futures markets, returned 35.11 %; the global natural resources program, which trades 36 physical commodity markets, returned 35.74 % and the enhanced commodity beta program, which trades the same 36 commodity markets from a long-only perspective, returned 50.24 %.
48.
Dennis A . Klejna, director of the CFTC enforcement division at the time of the Hunt complaint, said in an interview Wednesday that " it is very difficult to establish manipulation under the law, because there are very legitimate reasons for people to purchase large amounts of commodity futures contracts or large amounts of physical commodities ."
