Finance world is a fantasy world where Our Galtian Overlords mine for WoW gold using HFT algorithims. That the WoW gold they mine is actually worth a lot of money in real world means many of them get filthy rich mining WoW gold, but we shouldn't forget that basically that's what they're doing. In fantasy finance world it matters if you push the button at the right time. It doesn't matter if people have money to pay their mortgages, or buy cable teevee, or put food on their families, or whatever. So, yes, most of the time our WoW gold miners get to live in their Randian know-nothing fantasy, which is rather obvious to anyone who spends any time watching CNBC. Most of these people don't have a clue.
So, yes, it's quite possible that the WoW gold mines have to come up empty before they realize maybe it matters if anybody else has any money.
No comments:
Post a Comment