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An outsider looks at the world of derivatives
- Thread starter bigbadwolf
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"Monsters in the Market"
I thought I'd put this link up. http://http://www.theatlantic.com/magazine/archive/2010/07/monsters-in-the-market/8122/
An insightful and rigorous exam of the "flash crash"? Or a glossed over facile attempt to make a "boogey man" out of technological progress?
A penny for your thoughts...
I thought I'd put this link up. http://http://www.theatlantic.com/magazine/archive/2010/07/monsters-in-the-market/8122/
An insightful and rigorous exam of the "flash crash"? Or a glossed over facile attempt to make a "boogey man" out of technological progress?
A penny for your thoughts...
Yike Lu
Finder of biased coins.
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Re: Ellen Brown - yeah you can bet on anything with derivatives. But derivatives have legitimate purposes such as hedging of risk, a point she completely misses. You COULD use derivatives markets as a casino, but chances are if you think of it as a casino, you're an amateur and you will have your money taken from you in short order.
She also doesn't realize that the equity markets and bond markets do not directly provide money to the issuing company. They merely provide liquidity to those who did so at first (the banks which underwrite debt/equity issues).
Algo trading article: I think it gives a fairly balanced view on the topic with a lean towards the critical. It has some legitimate criticisms, balancing positives, and a few overblown statements. The last paragraph is especially overblown.
She also doesn't realize that the equity markets and bond markets do not directly provide money to the issuing company. They merely provide liquidity to those who did so at first (the banks which underwrite debt/equity issues).
Algo trading article: I think it gives a fairly balanced view on the topic with a lean towards the critical. It has some legitimate criticisms, balancing positives, and a few overblown statements. The last paragraph is especially overblown.
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