Jack Bogle of Hedge Funds (guest: Andrew Beer)
The Market Huddle
00:00
The Last Question - Is This the Last Question Already?
The futures market was created first and foremost for for hedging. And it was not meant for speculation, he says. The federal reserve started to mandate the margin rate when stocks originally started trading with margins of 50%. But i think tradition is just that they've gotten this 50 % leveland they're happy with it now,. Hetlers: Is it because farmers are degenerate gamblerss?
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Transcript
