Page 17 - Commodities Market News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Be devastated by this because you'd see a locking up of capital at a very, very rapid rate. and anybody who relies on a line of credit could end up in really big trouble -- farmers, working folks, anybody trying to get a mortgage. you would see a very, very quick impact. and the problem is also the instability of a situation like this, especially at a point when our economy is just beginning to get rolling, starting to really show some signs of moving in the right direction. >> sure. >> some key manufacturing hiring. this would be a terrible thing to do to it, much worse again than going over ...

Shows that it is not supply and demand. so, when it's something as critical as the price of gasoline, you know, there's more regulation on commodities like hamburger than there is right now on gasoline. and i can tell you gasoline is a lot more important to an economy than the kinds of transparencies that we have in the commodities market. >> now there was at one point i think one or more refinery fires and that was one explanation given at a certain stage and also the seasonal adjustments when they are switching over from home heating to gasoline. but you don't think that any of those factors...

The only period in world history since the modern markets started up in the early 1700s was between 1929 and 1987. maybe you didn't make money quite as flamboyantly during that period. maybe you couldn't do a butterfly straddle on the commodities market. >> i don't know what that is. >> it's a good thing. don't get involved in one. you could make money and there was a set of rules and regulations. we have to get back to a simpler set of rules everyone understands. as far as our working group goes, that is a different issue. that's prosecuting and investigating and bringing civil lawsuits that ...

so from new york to san francisco, people in long lines outside grocery, convenience and liquor stores waiting to buy mega millions tickets. wait times hit two hours outside the blue bird liquor store in hawthorne, california, near los angeles. why are people waiting there? well, it sold $20 million worth of winning tickets over the years. and st. mary's, georgia, population 17,000, bursting at the seams today thanks to people driving across the border from florida. florida's one of eight states that don't take part in the mega millions lottery. but in 42 states, it's a day for big d...

Dollar has turned many wall street players onto the commodities market. gold, it seemed like a gainful investment. it's been losing its shine in recent weeks. now there is speculation on wall street that diamonds, the most precious and cherished gem of all could soon lose its luster. here to explain why, brenda buttner, thanks for joining us here. >> sure. >> heather: so diamonds are forever, right? >> and they are a girl's best friend. but i mean, it is a side effect of the recession. a lot of people are taking their ng engagement rings and their inheritance rings and they're taking them to p...