this post was submitted on 02 Dec 2024
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The derivatives market is out of control. The global annual GDP, actual goods and services produced, is something like $100 trillion. The derivatives market is something like 7 times that.
About 80% of the global economy is just gambling on what the other 20% will do.
Gambles on failure of stocks shouldn't be allowed, regulate wall street WS. They will make off like bandits when the tariffs hit.
I disagree. That's like saying insurance shouldn't be allowed.
Highly regulated would be anotheratter though.
Nah wall street as it is should absolutely not be allowed, frankly speaking I think stocks should be locked down to regions not just countries. Also regulations are good. I will note that I am generally against the concept of large regional corporations let alone multinational ones, so that side of things is certainly effecting my opinion. Also logistics and trade companies are the exception even if I wiould replace them all with Teamster syndicates.