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by kasey_junk
1549 days ago
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Do you think bridge loans are a scam and should be removed from modern life? What about insurance? Fierce competition by market makers mean that for commodities producers and consumers they don’t need to go to investment banks to get bespoke insurance & loan products. They can instead use the market extremely cheaply. This means that it’s less risky to produce nickel or use it in industrial/commercial processes. That in turn is not just an efficiency improvement it allows pricing oddities like this one to stay in the realm of wonky finance news. Without the exchanges and market makers the commodity supply chain would lurch and halt, and we’d have stories about how no smartphone batteries will be available in 2023. |
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