Money Shuffling and The Vig
Three points brought up in Follow The Money :
1) Nobody, and I mean nobody, makes more money out of thin air than we do.....2) We have morphed into one big Las Vegas.... 3) Sorry, there's no such thing as "free" trade. You want to dance, you pay the piper. And its always the hidden costs that come back to haunt you later.
These points: 1) money shuffling, 2) what we have become and 3) the vigorish; are validated in some excellent missives I discovered today.
Heres a sample: The money that’s made from manufacturing stuff is a pittance in comparison to the amount of money made from shuffling money around; 44% of all corporate profits in the U.S. come from the financial sector compared with only 10% from the manufacturing sector. This has flipped. In the 1950’s and 1960’s the manufacturing sector’s profits accounted for about 50% of total profits while the financial sectors profits accounted for 15% of the total.
In addtion, two of the authors concur and weigh in on the Retail Dominoes theory. Three excellent missives, and I wish to thank the authors, here is a link to Dr. Marc Faber's No Joy In Greenspans Land and Lance J. Lewis at Lewis Capital for his Weekly Thoughts and Bridgewater Associates Ray Dalio & Amit Srivastava's The Money Shufflers Vig.
1) Nobody, and I mean nobody, makes more money out of thin air than we do.....2) We have morphed into one big Las Vegas.... 3) Sorry, there's no such thing as "free" trade. You want to dance, you pay the piper. And its always the hidden costs that come back to haunt you later.
These points: 1) money shuffling, 2) what we have become and 3) the vigorish; are validated in some excellent missives I discovered today.
Heres a sample: The money that’s made from manufacturing stuff is a pittance in comparison to the amount of money made from shuffling money around; 44% of all corporate profits in the U.S. come from the financial sector compared with only 10% from the manufacturing sector. This has flipped. In the 1950’s and 1960’s the manufacturing sector’s profits accounted for about 50% of total profits while the financial sectors profits accounted for 15% of the total.
In addtion, two of the authors concur and weigh in on the Retail Dominoes theory. Three excellent missives, and I wish to thank the authors, here is a link to Dr. Marc Faber's No Joy In Greenspans Land and Lance J. Lewis at Lewis Capital for his Weekly Thoughts and Bridgewater Associates Ray Dalio & Amit Srivastava's The Money Shufflers Vig.
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