So the flash-crash in various currencies - what's offsetting it those values dropping?
Investment markets are a 0-sum game, primarily because idle money is an anathema and when one stock is sold, another is purchased - when one currency is sold, another is purchased.
The gains in gold aren't enough to explain where the value of those sales went.
possibly - but based on the truly massive losses in so many others, it doesn't seem likely.
There's got to be other markets (currency or stock) that saw a near-equitable increase.
That's not how trading works.
Someone gains money because someone loses;
Likewise, someone loses money because someone else gains.
it's 0 sum - or, well, as near to as to not make any real difference.
Fair enough - wasn't that clear though.
But the sheer total 'value' that changed hands has to be reflected elsewhere, or will be within the next couple days.
I wasn't paying that much attention then.
But a quick google search (first result so take it fwiw) reveals this:
https://thebestschools.org/magazine/top-15-people-benefit-financial-crisis/
something something
cardboard cutouts
something something
blank slates
something something punchline
well fuck me…
I just copied n pasted the link - shame on me, I din't even read the fucker….
Trump #1… I seriously, honest to fucking god didn't notice (I really didn't read it because I wasn't really that interested in the 2008 crash … again)