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what do you recommend? Your utopia doesn't exist in the real world. Communal living doesn't work at scale... people are different

people are different. btw, citadel is paying interns $120/hr

in your world, can banks create an infinite amount of money?

He gave his opinion that creators of industry make a lot more than the workers in industry and he thinks that is not fair. He didn't mention that people are different.

surprised he didn't end with: Workers of the world unite, you have nothing to lose but your chains

https://layoffs.fyi/

there is known a limit to this based on reserve requirements

automation

buy indexes (ETFs), monopolies (AMZN, WMT, GOOGL, CME), high dividend stocks, MLPs all gradually. hold for 14+ months real estate is good but illiquid you can invest in non$ denominated short term bonds instead of FX

https://www.paradigm.co/

Are you saying the private sector can increase/decrease money supply?

you described a retail trader. There are other traders (entities) that make $ off them.

some poker games might be comparable. omaha (hi/lo), 7 card stud (hi/lo). texas hold'em itself is the slots of poker, mindless, which is why it is popular.

I see a lot of chat, rfqs, broker shows flying by. Turrets still used too. But I am not an elite trader.

Options are different than outrights. Even electronically traded options there is still a lot of chat and voice

best to think of LLM (ie. chatGPT) as a plagiarist. Good for student term papers, "journalists", legal contracts, ...

the money is in taking advantage of the ignorant and gullible. Especially those who think they know but are clueless. FOMO :cool:

Don't believe the hype -- Flavor Flav

OK. my post goes to anyone thinking about hiring development. People cannot explain what they want (in any profession; in any domain) and consultants milk them for it.

is SOFR that much different from Eurodollar? I know several people who were large eurodollar traders but didn't transition to sofr and now do something unrelated