[–] 3dk 0 points 1 point 1 point (+1|-0) ago (edited ago)
What in the flying fuck are derivatives even? I've barely heard of them other their role in the financial crisis of 2008. I had no idea it was such a huge thing.
The way I understand it, they are nothing more than bets? So the thing with the most value in the world economy isn't industry, or services, or real estate, but these abstract bets? Is this where the money from central banks goes? I thought it was supposed to actually end up in the economy to promote growth? It all sounds inflated and completely detached from reality to me. I hope it won't all come crashing down in my lifetime.
[–] tb20 0 points 1 point 1 point (+1|-0) ago
That's why you buy and hold assets.