logoalt Hacker News

postalrattoday at 1:35 PM2 repliesview on HN

Replace gamblers with futures market and I agree.


Replies

bagacraptoday at 2:55 PM

Commodities futures markets have an actual purpose, which is to make business inputs (or outputs) more predictable. Like if I know I need ten tons of corn next year, it's safer to buy futures now than to wait and see how the price of corn fluctuates over that time, potentially sabotaging my business operation. (Of making corn chips.)

show 1 reply
Terr_today at 7:46 PM

Do we typically [0] have a problem with people sabotaging industries to manipulate the futures market?

[0] Edit: Originally wrote "currently", but then I remembered the current White House, whose various crimes are being studiously ignored by the Republican congress.