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What Physics, Meteorology, and the Natural Sciences Can Teach Us About Economics
Feb 09, 2014StarGladiator rated this title 0.5 out of 5 stars
In January, 2014, once again JPMorgan Chase and Goldman Sachs pay criminal penalties, this time for fixing precious metals rates. That's the reason this is a fundamentally stupid book: every other month for the past twelve years or thereabouts, either JPMorgan Chase, or Goldman Sachs, pays a penalty to the government for some form of financial fraud. According to recent SEC investigations and news releases, the following have been rigged, and affect trillions or potentially hundreds of trillions of dollars' worth of contracts: LIBOR rates, interest rate swap/derivatives rates, FOREX rates, precious metals rates, oil/energy futures, et cetera! This fellow appears not to be aware of all this? ? ? How very perplexing?