Tag Archives: Commodity Trading

My Story at The New Yorker: Unseen Hands and The Prices of Things

For The New Yorker‘s business blog, I interview Kate Kelly, a reporter for CNBC, and author of the new book “The Secret Club That Rules the World.”

Why is it important that the public pay more attention to the commodities markets?

The contract market in commodities is analogous to the stock market for public corporations, essentially this unseen hand playing a role in setting the price for actual commodities: corn, copper, oil, gasoline, wheat, and so on. I think the connections between the trading community and the actual cash prices are not fully understood, and I think it’s something we all need to be concerned and upset about.

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