Wednesday, April 21, 2010

More Unproductive Financial Crap

You would think after being exposed for the ridiculous financial gaming that drove the world economy into the tank, Wall Street wouldn't be so eager to set up more speculative futures trading nonsense. But you would be wrong. They are setting up a futures trading on movie box office.

Ridiculous. Anyone with half a brain can figure out how this will work. Players with inside information will hedge their bets against stupid small investors who like betting on movies. It is more unproductive, waste-of-time-and-waste-of-money shenanigans that Americans for some reason believe can lead to financial success. Whatever happened to making something?

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