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<blockquote data-quote="Bob Kinford" data-source="post: 1845529" data-attributes="member: 1599"><p>It's actually far worse than just an urban-centric view. Why is the stock market is an economic indicator, when 65% of all trades are done by computers using algorithms in real time (computers are next to the stock exchange, with all of their cables exactly the same length) Another 15% of all trades are done by day traders running 1.5 to 2.5 seconds behind the big boys, leaving only 15% of trades actually being investments in the companies. Adding to that, 85% of all jobs are either service or entertainment. </p><p></p><p>Production of food (or anything else) has been taken out of the economic equation and replaced by a fragile supply chain theory.</p></blockquote><p></p>
[QUOTE="Bob Kinford, post: 1845529, member: 1599"] It's actually far worse than just an urban-centric view. Why is the stock market is an economic indicator, when 65% of all trades are done by computers using algorithms in real time (computers are next to the stock exchange, with all of their cables exactly the same length) Another 15% of all trades are done by day traders running 1.5 to 2.5 seconds behind the big boys, leaving only 15% of trades actually being investments in the companies. Adding to that, 85% of all jobs are either service or entertainment. Production of food (or anything else) has been taken out of the economic equation and replaced by a fragile supply chain theory. [/QUOTE]
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