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	<title>Comments on: Lieberman Proposes Barring Institutional Investors From Commodities</title>
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		<title>By: MM</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9646</link>
		<dc:creator>MM</dc:creator>
		<pubDate>Tue, 17 Jun 2008 02:54:00 +0000</pubDate>
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		<description>mxq: &quot;And basic behavioral finance theory tells us that humans are prone to move prices well in excess of equilibrium (from both directions), given that their role is one of agency (aka driven by job risk).&quot;&lt;br/&gt;&lt;br/&gt;I agree, but what&#039;s the point? Politicians are humans too (at least nominally), at least as prone as markets to overshoot equilibrium, operating in a far less transparent market, and their decisions are MUCH harder to reverse back to equilibrium. Give me the futures market, thanks.&lt;br/&gt;And lest I be tarred a knee-jerk Republican, I generally vote Democratic, and I believe ideally in a role for sensible regulation. Unfortunately, most politicians aren&#039;t sensible, and most regulators&#039; skill-sets are years behind the markets they regulate.</description>
		<content:encoded><![CDATA[<p>mxq: &#8220;And basic behavioral finance theory tells us that humans are prone to move prices well in excess of equilibrium (from both directions), given that their role is one of agency (aka driven by job risk).&#8221;</p>
<p>I agree, but what&#8217;s the point? Politicians are humans too (at least nominally), at least as prone as markets to overshoot equilibrium, operating in a far less transparent market, and their decisions are MUCH harder to reverse back to equilibrium. Give me the futures market, thanks.<br />And lest I be tarred a knee-jerk Republican, I generally vote Democratic, and I believe ideally in a role for sensible regulation. Unfortunately, most politicians aren&#8217;t sensible, and most regulators&#8217; skill-sets are years behind the markets they regulate.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9519</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sat, 14 Jun 2008 02:35:00 +0000</pubDate>
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		<description>Randy Waldman might or might not be wrong more often than Yves Smith, but I suspect he&#039;s wrong about Yves being a woman.</description>
		<content:encoded><![CDATA[<p>Randy Waldman might or might not be wrong more often than Yves Smith, but I suspect he&#8217;s wrong about Yves being a woman.</p>
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		<title>By: mxq</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9504</link>
		<dc:creator>mxq</dc:creator>
		<pubDate>Fri, 13 Jun 2008 16:22:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring-institutional-investors-from-commodities/#comment-9504</guid>
		<description>Anon @ 11:57&lt;br/&gt;&lt;br/&gt;Aside from your ignorance and that you&#039;re a total sissy, posting racist comments, anonymously, on a finance blog... You almost sound robotic, as your comments reflect that you have zero accountability.  &lt;br/&gt;&lt;br/&gt;Your brainwashed comment also reflects your weakmindedness, as you blame everyone but your own miserable self for your miserable disposition...In fact, I see this turning into, almost, a vicious cycle, as you post more ignorant comments, people will recognize and point out your ignorance more and more, making you even more angry and more ignorant. &lt;br/&gt;&lt;br/&gt;So, good luck.  You&#039;re gonna need it. You ignorant asshat.</description>
		<content:encoded><![CDATA[<p>Anon @ 11:57</p>
<p>Aside from your ignorance and that you&#8217;re a total sissy, posting racist comments, anonymously, on a finance blog&#8230; You almost sound robotic, as your comments reflect that you have zero accountability.  </p>
<p>Your brainwashed comment also reflects your weakmindedness, as you blame everyone but your own miserable self for your miserable disposition&#8230;In fact, I see this turning into, almost, a vicious cycle, as you post more ignorant comments, people will recognize and point out your ignorance more and more, making you even more angry and more ignorant. </p>
<p>So, good luck.  You&#8217;re gonna need it. You ignorant asshat.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9484</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 13 Jun 2008 03:57:00 +0000</pubDate>
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		<description>All that one needs to interpret Lieberman is the Israeli position.&lt;br/&gt;&lt;br/&gt;Obviously, the Fed induced commodity bubble is hurting Israel, now. That&#039;s it. That&#039;s all.</description>
		<content:encoded><![CDATA[<p>All that one needs to interpret Lieberman is the Israeli position.</p>
<p>Obviously, the Fed induced commodity bubble is hurting Israel, now. That&#8217;s it. That&#8217;s all.</p>
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		<title>By: mxq</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9461</link>
		<dc:creator>mxq</dc:creator>
		<pubDate>Thu, 12 Jun 2008 17:29:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring-institutional-investors-from-commodities/#comment-9461</guid>
		<description>Via houston chronicle: &lt;a HREF=&quot;http://www.chron.com/disp/story.mpl/business/5833333.html&quot; REL=&quot;nofollow&quot;&gt;Democrats take jab at holders of unused oil leases&lt;/a&gt; - say &quot;use it or lose it&quot;</description>
		<content:encoded><![CDATA[<p>Via houston chronicle: <a HREF="http://www.chron.com/disp/story.mpl/business/5833333.html" REL="nofollow">Democrats take jab at holders of unused oil leases</a> &#8211; say &#8220;use it or lose it&#8221;</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9456</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Thu, 12 Jun 2008 16:12:00 +0000</pubDate>
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		<description>I got some primo sugar too......</description>
		<content:encoded><![CDATA[<p>I got some primo sugar too&#8230;&#8230;</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9455</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Thu, 12 Jun 2008 16:09:00 +0000</pubDate>
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		<description>PSSSS.... psss.... Hey kid.... wanna buy some sweet crude....?  here check this out I gotta a thousand barrels...  it&#039;s good shit... i ain&#039;t kidding....</description>
		<content:encoded><![CDATA[<p>PSSSS&#8230;. psss&#8230;. Hey kid&#8230;. wanna buy some sweet crude&#8230;.?  here check this out I gotta a thousand barrels&#8230;  it&#8217;s good shit&#8230; i ain&#8217;t kidding&#8230;.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9454</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Thu, 12 Jun 2008 15:57:00 +0000</pubDate>
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		<description>I agree whole heartedly with Senator Lieberman&#039;s proposal, however, I believe that in order to protect our children, all fines and prison terms should be tripled if any institutional investor is caught trading commodities within a thousand feet of a school.  &lt;br/&gt;&lt;br/&gt;Best regards,&lt;br/&gt;&lt;br/&gt;Econolicious</description>
		<content:encoded><![CDATA[<p>I agree whole heartedly with Senator Lieberman&#8217;s proposal, however, I believe that in order to protect our children, all fines and prison terms should be tripled if any institutional investor is caught trading commodities within a thousand feet of a school.  </p>
<p>Best regards,</p>
<p>Econolicious</p>
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		<title>By: mxq</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9453</link>
		<dc:creator>mxq</dc:creator>
		<pubDate>Thu, 12 Jun 2008 15:55:00 +0000</pubDate>
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		<description>MM: &quot;basic finance theory tells us that limiting investment choices raises risk for the same level of return&quot;&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;And basic behavioral finance theory tells us that humans are prone to move prices well in excess of equilibrium (from both directions), given that their role is one of agency (aka driven by job risk).</description>
		<content:encoded><![CDATA[<p>MM: &#8220;basic finance theory tells us that limiting investment choices raises risk for the same level of return&#8221;</p>
<p>And basic behavioral finance theory tells us that humans are prone to move prices well in excess of equilibrium (from both directions), given that their role is one of agency (aka driven by job risk).</p>
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		<title>By: MM</title>
		<link>http://www.nakedcapitalism.com/2008/06/lieberman-proposes-barring.html#comment-9452</link>
		<dc:creator>MM</dc:creator>
		<pubDate>Thu, 12 Jun 2008 15:42:00 +0000</pubDate>
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		<description>The whole argument is absurd. Futures markets aren&#039;t about the price of real oil, as 99% of them are closed without delivery. Without speculators to take the other side, there aren&#039;t enough hedgers with countervailing risks to make a liquid market.&lt;br/&gt;And basic finance theory tells us that limiting investment choices raises risk for the same level of return. The last stress the US government&#039;s finances need is riskier pension funds, which are guaranteed by the nearly insolvent PBGC.&lt;br/&gt;It&#039;s easy for Lieberman to talk-- his pension is already a government guarantee so why should he care?</description>
		<content:encoded><![CDATA[<p>The whole argument is absurd. Futures markets aren&#8217;t about the price of real oil, as 99% of them are closed without delivery. Without speculators to take the other side, there aren&#8217;t enough hedgers with countervailing risks to make a liquid market.<br />And basic finance theory tells us that limiting investment choices raises risk for the same level of return. The last stress the US government&#8217;s finances need is riskier pension funds, which are guaranteed by the nearly insolvent PBGC.<br />It&#8217;s easy for Lieberman to talk&#8211; his pension is already a government guarantee so why should he care?</p>
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