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nzrugby

426 Posts.

16/01/15

19:57

Post #: 14596932
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Originally posted by thorburn ↑

A forex dealer in NZ closed it's doors last night.

IG said it lost millions....

I wonder if this is threatening the security of some of the trading houses?

Also I don't know about 'fake money' but it's certainly cheap money. If you meant leveraged as fake you're right on the ball. Hedge funds, merchant banks etc. derivatives of all types tied up in ways no one knows for sure.

Two recent shocks...oil and now the SNB. What's next?

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Thorburn

I wonder if some not to distant relatives to the members of the SNB made a killing last night?

Fake money ...... money being printed for nothing i.e it's not pegged to anything like the gold standard.
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