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It's only zero sum if the things being traded are in fixed supply. You can always pull more oil out of the ground and you can always create new fiat currency.
by neximo64 6y ago
It's only zero sum if the things being traded are in fixed supply. You can always pull more oil out of the ground and you can always create new fiat currency.
- WA 6y agoBut not within a few hours or days. For the type of trade described in the article, someone was at the other end of the futures contract. Their loss is Vegas gains. There is nothing else to it. Zero-sum. I don’t talk about long-term investing.