Last week, the Commodity Futures Trading Commission (CFTC) announced plans to ramp up enforcement of position limits, focusing on agricultural and energy markets in particular. Commodity-based ETFs have been a target and several have announced the suspension of sales. Here is a roundup of articles and opinions on the subject over the past few days. [...]

GDP Contracts 1% in Q2 – Reuters Why Investors Should Ignore GDP – RealClearMarkets Government Revises GDP Growth for the Last 70 Years – Crossing Wall Street Cash for Clunkers Out of Cash – Wall Street Journal Government Adds $2B for Clunkers Plan – Bloomberg CFTC’s Gensler Determined to Act – Reuters U.S. Housing Turning [...]

Speaking at the Futures Industry Association Expo in Chicago today, Commodity Futures Trading Commission Acting Chairman Walter Lukken said we must take the “necessary steps to repair the financial system and regain America’s trust and confidence in our markets.” He said “courageous regulatory reform is needed” that involves scrapping both the CFTC and SEC in [...]