4-5 Eddie Tofpik


Automation Nation! Some jobs will be gone...but don’t blame China!


6-7 Howard Jenkins


India’s Sugar Dilemma The Indian government’s dilemma on supporting their farmers while adhering to the rules of the World Trade Organisation.


8-9 Marc Ostwald 


12-13 Andy Ash Regulation, Stock Indices


  football leagues have a lot in common. If nothing else participants want to be at the top of both.


14-15 Mickael Soussant 


20-23 Rohan Ziegelaar 


Strategy? Not Really Although hedging with derivatives can  from this strategy which should not be underestimated.


  is one that is widely disparaged in  reason. All too often ‘this time it’s  mindless ‘smile and dial’ positivism   too often the accompanying ‘irrational exuberance’ turns to ‘deep visceral fear’, as former Fed chairman Alan Greenspan once articulated.


10 Steve Freed


16-17


Alan Bush 


Future? Last month’s surprise announcement that SocGen would close its  businesses brings the curtain down on a metals business that started almost 30 years ago. SocGen will retain Category 1 LME Floor membership  but the withdrawal from Category 2 activities raises questions for customers, the LME, regulators and 


24-27 Blu Putnam 


Stock Index Futures? It is true that most of the fundamentals are currently bearish for  


18-20 Lauren Judd “Keynesian Theory In 


A Tale of 2 Markets Before the United States Department of Agriculture’s (USDA) May 10 Crop Report, managed funds had a near record short position in grains. With total open interest also almost a record.


Debt Ceiling Crisis? The US Federal Government may be hurtling toward a debt ceiling crisis and another possible government shutdown.


28-29 Alberto Peixoto 


Trap?” John Maynard Keynes was a leading British economist of the day, who   of Employment, Interest and Money”.


Enough Is Enough? The life of a sugar producer, no matter if from Cane or Beet hasn’t been easy. The expansion of land usage mainly in India, even at the time of low prices is causing low prices to stay with us longer than many producers would had expected.


30


About ADMISI 31


The Ghost In The Machine Library


3 | ADMISI - The Ghost In The Machine | May/June 2019


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