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Real investors own assets for their cashflow where the current price is the present value of that cashflow. It's very different than a trader who is looking for a change in price.

What products are produced by financial trading? I don't understand your first part of the post. There's a difference between a garbage collector who can see his value by keeping a community clean and a trader who front ran a pension fund that was accumulating a stock so that they could sell...

I agree trading isn’t zero sum in that a liquid market inflates asset prices and that incentivizes real capital to be invested. It is largely zero sum in that there is a winner and a loser as real wealth isn’t produced (like building an airplane or providing a real service). It’s value is a...

I regret not buying the warrant during Covid.

inflation just come from a few hundred dollar bills given to rest of America. But more of it did. A ceo making 30mm: 1. Is paid mostly in stock, 2. Will likely maintain that stock and only spend a fraction of this excess earnings (maybe a new Ferrari or a vacation). The middle class will spend...

I think for crypto it’s huge.

I heard the average planet fitness only has 3percent of its members coming in consistently. Which is why even at 10percent capacity the places are empty. l

are you old enough to run?

It is open and shut. You will get nothing from IB. They don’t warranty their data. Nor does OPRA or the exchanges.

100,000 spx options!!!! that would probably be the largest notional print ever in equity derivatives.

I go by the standard: if this profession vanished, would the world look the same, better, or worse? If speculative traders vanished, how would the world look? What about murderers? Teachers? Venture capitalists? Shop clerks? Vagabonds? It’s just my way of looking at things.

Get some rest. You seem taxed from this.

If there’s deflation, then you won’t spend on something now if you can buy it cheaper tomorrow. I agree on tech. Maybe that’s why we didn’t have rampant inflation (until last year) despite all the money printing. it’s been generally accepted economic theory that stable inflation allows for...

That will work when there is only one currency. And maybe it will be bitcoin. But I don’t see how any government will allow to give up their monetary policy whether you think it’s a good idea or not.

its pretty clear you got triggered, buddy. But I can see why you didn’t see how.

its not thievery, but most of the strategies involve capturing some kind of inefficiency. All trading is a zero sum game so that money has to come from somewhere. It’s coming from real money accounts who don’t see the slippage.

Inflation was a lot worse in the 1950s and 1960s when we were on the gold standard. Stable inflation is a good thing: 1. Deflation is really bad: It discourages investment and spending now. 2. Stable is good because then we can plan. Your employer budgets a 3percent raise so you don’t fall...

I don’t think any crypto will succeed unless it’s easily Fungible with dollars, which will mean the US government will still control its monetary policy. I certainly don’t want a bunch of hackers controlling our monetary policy.

isnt it easy to determine value to society (at least in general terms)? We know it and we see it. or are you saying mother Theresa And a street walker are the same?

Real liquidity providers provide a value but it’s much less than they would give themselves credit for (hence the growth in dark pools). The rest earn by taking from real money accounts. thieves make money but no one would say they produce anything.