The Importance of Futures Markets

The lessons that you learn in the pit and one can learn from the movie are apical just today as well. I mean, even something you might remember, Mike, they used to declare what we're called fast market conditions. And we don't have that anymore because everything's fast. Unfortunately, what got the blame for not only 0809, but for every financial crisis, it's us, it's the Chicago speculators and all, all speculators. We don't stand up for our moral right to use these tools for our own benefits," he says.

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