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Kate Kelly Secret Club That Runs the World ISBN 13: 9780670922673

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9780670922673: Secret Club That Runs the World

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Secret Club That Runs the World

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About the Author

Kate Kelly, author of the New York Times bestseller Street Fighters, covers Wall Street for CNBC. She spent ten years at the Wall Street Journal, where she won a Livingston Award and two Gerald Loeb awards. She lives in Brooklyn with her family.

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Hedging the risk of investing in commodities used to be the fairly dull province of a few brokers and traders on one side of a transaction and farmers and end users of crude oil, copper, and pork bellies on the other. But the great commodities boom of the early 2000s attracted flamboyant risk-takers, whose transactions ultimately produced wild swings in prices on gasoline, food, and other essentials and prompted regulators to try to crack down. CNBC market reporter Kelly (Street Fighters, 2009) unveils the secretive world of unregulated hedge funds, of banks and brokers who trade for their own accounts often against the interests of their customers. With exclusive access to the major players in the commodities market, Kelly offers fascinating portraits of huge egos and details of byzantine deals, including a massive merger aided by former UK prime minister Tony Blair. Among her subjects are a fuel trader whose trades saved a sagging Delta Air Lines and a trader at a Swiss commodities firm founded by American fugitive Marc Rich. This is an absorbing inside look at the shady world of multinational brokers. --Vanessa Bush

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  • PublisherPenguin Books Ltd
  • Publication date2015
  • ISBN 10 0670922676
  • ISBN 13 9780670922673
  • BindingPaperback
  • Number of pages304
  • Rating
    • 3.4 out of 5 stars
      473 ratings by Goodreads

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Paperback. Condition: Very Good. The Secret Club That Runs the World: Inside the Fraternity of Commodity Traders This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. Seller Inventory # 7719-9780670922673

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Paperback. Condition: new. Paperback. This book finally takes us inside their inner circle. Following a trail from New York to London to Dubai, from hedge funds to banks to brokers, it reveals the fullest ever picture of the men who gamble with our future every day.Kate Kelly, acclaimed journalist and author of Street Fighters, investigates the world of commodities tradersWhen most of us think of the drama of global finance, we think of stocks and bonds. But commodities? Crude oil and soya beans? Copper and wheat? What could be more boring?That's exactly what the elite commodity traders want us to think. They don't seek the spotlight. They don't want to be as famous as Warren Buffett. Their astonishing wealth was created in obscurity, because they dwell in private companies or deep within large banks and corporations.But if the individuals in the commodities boom have gone unnoticed, their impact has not. Prices of raw materials have exploded. Are the big traders jacking up the cost of petrol, food, and essentials bought by people around the world? How did such immense power end up in the hands of a few?In this riveting book, Kate Kelly takes us inside the inner circle that affects so many things we all depend on. Following a trail from New York to London to Dubai, from hedgefunds and banks to brokers and regulators, she reveals the fullest ever picture of the men who gamble with our future every day. Are the big traders jacking up the cost of petrol, food, and essentials bought by people around the world? How did such immense power end up in the hands of a few? This book takes us inside the inner circle that affects so many things we all depend on. It reveals the fullest picture of the men who gamble with our future every day. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780670922673

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