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- While Cotton Industry Shrinks in Australia, ETN Might Stretch
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There’s a battle over cotton that could affect its exchange traded note (ETN), and it’s anything but soft and fluffy.
The United States and Brazil have been in a war over cotton subsidies for around six years, with the United States on the losing end. The World Trade Organization has gotten involved, and things could get cotton-pickin’ scary. So far, the WTO has decided the Unite States is breaking the rules by subsidizing cotton exports. Sanctions could be in the billions of dollars, r…
Original Source: http://feeds.feedburner.com/etftrends-feed
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29 August, 2008| Derivatives |
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