Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (964)	10/23/1999 9:54:00 AM
From: see clearly now	Read Replies (2) \| Respond to of 2794

Worswick, It is with great respect that I tread on to this thread..and as I try to determine in my own mind if derivatives (and at this level) are good for the world or not? ...I understand that what we are witnessing over the past two/few decades is an evolution of the vehicles necessary to energize (via money) a global economy that even begins to cope with a burgeoning population. It had to move beyond the restrictions of the central bankers and world's few most powerful governments so as to exceed the reach of those with vested interest to keep all the gains "in house". With innovation and the use of ever more sophisticated computation to keep track of these derivative models we have moved into a new financial paradigm that by necessity exceeds the grasp of the old institutions. Will it hold together? ..like any new process there will be glitches and set backs fed by lots of greed which seems to motivate us to do the right things for perhaps the wrong reasons....but never the less it seems to me to be moving on the right migration path..ie more liguidity to build a civilization for 6 billion people! Questions which remain are how much of the transactions are skimmed of as transaction costs? How much of this liquidity is/was going to destructive human behavior..to support the Milosevich's of our World, etc?...