It was posted a few days ago that finance and banking used to be about 10% of GDP and in some places it has grown close to 40%.
When you shuffle the same piece of paper around and eveyone wants their cut its bound to collapse in a terrible heap.
Derivatives were classed as gambling until the clinton administration allowed it and shorting falls into the same category imo.
Iceland is a good example of this stupidity.
For a country of 300000 people that needs a $4 billion bail out, there is something seriously wrong with the system.
- Forums
- ASX - General
- short selling houses
short selling houses, page-3
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)