Capital markets in the United States have $375 trillion in derivatives whose trading volume is half a quadrillion dollars per quarter. How’s that for madness?
Sanity in our markets is history. By way of comparison, US annual GDP is $12 trillion. In our markets 90% of NYSE trades are black box trades, not Mom and Pop in Mandaree loading up on Exxon and McDonalds. We have offshoring and outsourcing under the title of free trade and globalization dampening our economy. GM and Ford are on the edge of bankruptcy. Ford is shutting 15 plants and laying off another 45,000 workers making $31.64 an hour who will now make $10.00-$12.00 an hour if they can find work.
Big, real big numbers. And bigger questions.
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