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FOREX volume is almost 10% of annual global GDP _per day_. This trading is overwhelmingly unrelated to trade in goods or services, or the movement of wealth wi
by dumah 2y ago
FOREX volume is almost 10% of annual global GDP _per day_.
This trading is overwhelmingly unrelated to trade in goods or services, or the movement of wealth with much permanence.
- gosub100 2y agothats fine, I dont think the amount should be regulated to match the good it provides. I just claim that it provides some good for the world, whereas equities does not.
- anomaly_ 2y agoCool, so speculators are just providing shitloads of liquidity to people trading in goods and services. As an importer/exporter, I love that FX is so liquid, cheap, and easy today.