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Non-Cattle Specific Topics
Coffee Shop
Speculators are necessary
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<blockquote data-quote="Ryder" data-source="post: 800078" data-attributes="member: 663"><p>Remember the price of gasoline some two years ago compared to now? It's the fault of those evil speculators driving the price down. Wouldn't it have been great if they had held it up for these past months? Looks like it is on the way backup. That'll show them.</p><p></p><p>Seriously, People complain about the speculators throwing prices out of line. Sometimes yes, in the short run. But overall the speculator makes for an orderly market and takes a lot of risk. Otherwise the markets would be chaos. </p><p>Markets cycle up and down. They go up often too much to overbought. Then they cycle back down to oversold. Up and down always seeking equilibrium. That is the nature of markets.</p><p>I guess an alternative would be government controls (think communism).</p><p></p><p>Are there dishonest people inolved in speculation? Yes. Are you trying to say that all cattle people are honest? All people in the feed businesss, automobile dealers, tractor and implement dealers, etc. etc. etc.?</p></blockquote><p></p>
[QUOTE="Ryder, post: 800078, member: 663"] Remember the price of gasoline some two years ago compared to now? It's the fault of those evil speculators driving the price down. Wouldn't it have been great if they had held it up for these past months? Looks like it is on the way backup. That'll show them. Seriously, People complain about the speculators throwing prices out of line. Sometimes yes, in the short run. But overall the speculator makes for an orderly market and takes a lot of risk. Otherwise the markets would be chaos. Markets cycle up and down. They go up often too much to overbought. Then they cycle back down to oversold. Up and down always seeking equilibrium. That is the nature of markets. I guess an alternative would be government controls (think communism). Are there dishonest people inolved in speculation? Yes. Are you trying to say that all cattle people are honest? All people in the feed businesss, automobile dealers, tractor and implement dealers, etc. etc. etc.? [/QUOTE]
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Speculators are necessary
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