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The issue with finance is that people are using huge amounts of leverage to place bets. If they werent allowed the level of leverage that they are using (i.e. 1
by triviatise 16y ago
The issue with finance is that people are using huge amounts of leverage to place bets. If they werent allowed the level of leverage that they are using (i.e. 1:30) there would be a whole lot less "money" in the system. The financial system is allowing people to assign value to intangible assets 3-4 times removed from an actual physical asset. The main issue with that is that it has the capability to take us all down.