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I think we should ban all stock transactions that aren't simply buying or selling shares for personal possession. Calls/puts, options, futures, etc. are just be
by uoaei 4y ago
I think we should ban all stock transactions that aren't simply buying or selling shares for personal possession. Calls/puts, options, futures, etc. are just bets that are less complicated for corporate investment banks to automate strategies than for individual retail investors, leading to an obvious power and information imbalance that guarantees that the "house" always wins.
- sitzkrieg 4y agofutures have very legitimate use for producers and consumers of commodities. speculators then provide them liquidity but say, people blowing out accounts trading emini sp500 while having no idea what a futures contract is, sure why not
- uoaei 4y agoProducers and consumers can provide their own damn liquidity. It's called "budgeting". This seems to be an explanation ex post facto and not a reason for its genesis. This insane liquidity generation scheme is one of many expressions of the force that drives unbridled exponential growth, which we can now see is in excess of what our environment writ large can sustainably provide. The pursuit of short term money-on-money returns is eating the world, and sycophants who personally benefit are turning blind eyes to this very basic and obvious fact.
- matwood 4y agoDerivatives have a purpose and closing off regular people is just more gate keeping.