Slouching Towards Oblivion

Friday, October 18, 2019

The Right To Fuck Us Over


An appropriately named publication - Business Insider:

The trade war has consistently sent markets moving in the past year. And according to a new Vanity Fair report, some traders may have been forerunning new developments.

The magazine reported on Wednesday that some traders were suspiciously well positioned ahead of huge swings in the trade war by buying or selling hundreds of thousands of electronically traded futures contracts called "e-minis" on the S&P 500.

The magazine said that on September 10, a trader or group of traders bought 82,000 e-minis in the last 10 minutes of trading in New York, when it was almost 4 a.m. the next day in Beijing. A few hours later, the Chinese government announced it would lift tariffs on a range of American products. Markets surged, and the e-minis buyer made about $190 million, Vanity Fair found.

"There is definite hanky-panky going on, to the world's financial markets' detriment," a source described as a longtime Chicago Mercantile Exchange trader said. "This is abysmal."


Bloomberg was quick to rebut the notion of shenanigans and skullduggery - because of course they have to. They can't can't afford to let the plebs know how fucked we are at the hands of the Rent-Seekers.

And by-the-fuckin'-way, wouldn't that kind of Market Manipulation be a right handy way to launder big piles of Russian mob money?
A side note on some relevant numbers:

  • I start with $1,000,000,000
  • I collect no interest on that billion dollars
  • I spend $27,000 every day for 100 years
  • I have $87,000,000 left 

Tell me again - what the fuck are billionaires good for anyway?

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