“Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino” – Alexandria Ocasio-Cortez.
She is right, markets have become a casino.
The takeaway from our tale is not the winners and losers of an age-old trading game. What matters is the unprecedented level of speculation present in just about all asset markets.
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