Tag: Financial markets

Did you know the term 'Sugar #16' doesn't refer to a type of food sugar but a financial instrument? This specific designation is the name for a raw cane sugar futures contract traded on the Intercontinental Exchange (ICE), used for commercial hedging in the U.S. market.

The Great Depression highlighted a major flaw in classical economic theory, which assumed markets would always self-correct, and ushered in the era of modern macroeconomics to study the economy as a whole. This pivotal moment demonstrated that understanding the big picture requires a more robust framework than just analyzing individual markets in isolation.