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Aluminium used to be something that made aeroplanes and drinks cans. Now it is a financial instrument. Between 75 and 90 per cent of the world’s physical aluminium stocks are tied up in financial arbitrage deals... Read More
Economist magazine which is the bastion of free markets / efficient markets / Ayn Rand / deregulation / etc has an opinion piece out where they point out that (1) derivatives should clear through an exchange and (2) end-... Read More