A Test of Financial Literacy

There will be a lot who wont even start to watch this.. A lot more whose eyes will glaze over before half way. And many more who will cry about it being "BS" or similar. But for those few who get it, congratulations. You are economically literate, and now understand your situation..😷
[media=https://youtu.be/E473tMN-GNw]

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DeWayfarer · 61-69, M

The core reason for the extreme volatility and fragility is quite obvious.

In layman's terms it's corporate (aka financial industry) greed!

The picture is not in the details (the afore mentioned second and third derivatives). The picture is in the overall scene (the geometry). Some refuse to see the forest from the trees.

Nor can anyone fight a forest fire with second and third derivatives for predictions (picks and shovels) much less with little to no capital.

This forest fire has gone rogue!

whowasthatmaskedman · 70-79, M

@DeWayfarer I agree. Adding that the corporate greed has been enabled by the lack of political will to keep business honest, both in removing protective legislation and failing to enforce the laws in place.. 😷