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futures have very legitimate use for producers and consumers of commodities. speculators then provide them liquidity but say, people blowing out accounts tradi
by sitzkrieg 4y ago
futures 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.