Breaking News

Category Archives: Commentary

Commentary from the John Lothian News staff and guests editors.

Open Letter to Congress Regarding Speculation Standard

John Lothian

When futures prices go up, they are advertising for selling. When prices go down, they are advertising for buying. With futures prices going up for crude oil and many other commodities, a truth has emerged in the cash markets that we have not grown our farming, drilling, mining or processing capacity to meet the increasing demand of a developing global economy. High commodity prices are sending an important message. We need to listen to that message and respond. We need to respond to higher prices with more selling. We need to find a way to meet the growing global demand…

Who is Murray Borowitz? Standard

By John J. Lothian Murray Borowitz independently thought up the idea and helped create the veryfirst financial futures contracts at the International Commerce Exchangeback in 1970 with the introduction of foreign exchange futures contracts.That was two years before foreign currency futures were launched andsuccessfully developed at the Chicago Mercantile Exchange. Murray was nevergiven a title of honor as the “founder” of financial futures, like LeoMelamed, or the “father” of financial futures like Dr. Richard Sandor.However, given Murray’s roots in the trucking business and his role inindependently coming up with the idea of financial futures contracts onforeign exchange (and on the…