Thursday, April 11, 2013

LME CEO Abbott: Quantitative Easing Is Disrupting Commodity Markets

Dow Jones reports:
The chief executive of the London Metal Exchange said Wednesday financial regulation, particularly in Europe, poses a threat to a free market for commodities and to Europe's market share in the sector. He also said quantitative easing programs from central banks is also disrupting commodity markets.
Just a reminder: central planning from central bankers messes up the price system.