No future for onions

[SwordsMaster]

Now, I don't know if half the members here will find this half as amusing as I do, but, at worst it will help dilute the politics slightly. Although I wonder what do US prez candidates think about this. Perhaps this is the push (http://www.marginalrevolution.com/marginalrevolution/2008/07/onion-futures.html) the economy needs...


Amazing, onion farmers and Congress panic in 1958

Yep, onion traders and Congress in the same sentence.

[Goofball]

Good Lord. The very purpose of futures markets is to allow those who need a certain commodity to hedge, which should by definition reduce volatility. I would hate to see what would happen to the spot price of light sweet crude if trading in oil futures was all of a sudden banned.

[SwordsMaster]

Makes you think how clever congress is. Or that the farmers should have asked an economist before lobbying for something they have no idea about.

Perhaps, the world's food problems would be resolved if the next US prez allowed onion futures again. Who knows?

[ICantSpellDawg]

I would love onions to become extinct. If I could go back in time and kill 1 person, it would be the man or woman who first cultivated the Onion. If global warming and rising sea levels coupled with nuclear holocaust are the only way to do that - I welcome the developments.

I will revel in the unravellings of your unholy commodity value, demon spawn!

[SwordsMaster]

Despite Tuffs vegetable xenophobia, I like onions. So here is a development (http://blogs.ft.com/undercover/2008/07/the-onion-has-no-futures/).

[ICantSpellDawg]

Vegetable ethnic cleansing to be more precise.

Speculation was "Banned". Maybe they should try Lenin and Lincoln's idea?