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22/08/19

18:53

Post #: 40104254
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Originally posted by mikeyjon: ↑

I think this kind of sums up the funny money la la land .

"Originally, derivatives were used to ensure balanced exchange rates for goods traded internationally. With the differing values of national currencies, international traders needed a system to account for differences. Today, derivatives are based upon a wide variety of transactions and have many more uses. There are even derivatives based on weather data, such as the amount of rain or the number of sunny days in a region."

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What's so difficult to believe about that? Derivatives have been around for thousands of years.
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0 Great analysis

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