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I suppose today it would be impossible for something like this to unfold the same way that it did in 1955. Still, given how much larger the financial services
by greendave 6y ago
I suppose today it would be impossible for something like this to unfold the same way that it did in 1955. Still, given how much larger the financial services industry is and how clever they have been at packaging and repackaging things, could a few well-financed traders accomplish the same outcome today?
- betterunix2 6y agoI would not suppose that. Some commodity futures have very low trading volumes and periodically there are prosecutions for price manipulation. Even for high-volume contracts like crude oil, market manipulation happens (see OPEC) and quirks in the mechanics of the contract can trigger enormous price swings (see WTI last week).