The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (23510)	10/16/2009 9:01:42 AM
From: axial	1 Recommendation Read Replies (1) of 71409

Your call to ban derivatives was the right one. If voices of people like Mandelbrot and Taleb (among many others) are to be believed, derivative remedies are insufficient. Other practices such as high frequency trading, algorithmic trading, and instantaneous concurrent trades in the millions are here to stay. Collectively, these all point to increased systemic risk. But markets are back, and we're off to the races again: casino capitalism. Regardless of concerns, there will be inadequate remedies for practices most consistently deemed dangerous. We can speculate as to reasons (most prominent of which is deep capture) but at this point, the dangers of capture are not sufficiently addressed, either. It ain't gonna happen. They made some changes, but they won't clean up the system. The criminals are collecting bonuses, the frauds have been dismissed, the victims have been robbed twice, and we await the future. Jim

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