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Re: Derivatives, USA - 20 years ago
Nice post. The tricky thing with derivates is that there are two sorts; financial derivates, which are unregulated, and the regulated 'material' derivates which are used predominately ford hedging risc in the manufacturing and raw materials (also agricultural products etc.) branch for hundreds of years. The unregulated financial derivates market, started officially in 1971 in Chicagoby archive - Archive
Re: Dollar, Horror or Fantasy - 20 years ago
“About limits, the new world economy has no clue—nor do most politicians and thinkers, trained by the prosperous second part of the twentieth century to be overly market-trusting. Here lies a huge source of twenty-first century discussion or even dissent. The great economist John Maynard Keynes sensed this more than half a century ago when he wrote that the basic debate over the future of human sby archive - Archive