interesting video, on one level it reinforces what a lot here are say:
http://www.theaustralian.com.au/news/world/goldman-sachs-rules-world-says-trader/story-e6frg6so-1226148816082
On another level it is powerful argument as to why the financial sector around the world is WAY too large and serves no other purpose than to 'make a buck'.
The number of derivatives that serve no real purpose other than to allow for manipulation astounds me. There are many derivatives that serve a useful purpose such as allowing producers to forward sell and lock in prices for goods but some are just rubbish. Anyway I preach too much it is the world as we know it and must deal with ....
yotta's - art of symetry - wednesday, page-75
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