To: An.American.Expatriate
Speculators add liquidity and depth to the market, and those are both very good things.
Greater liquidity and depth = smaller spreads.
Smaller spreads = lower prices.
18 posted on
05/02/2012 9:52:11 AM PDT by
Mase
(Save me from the people who would save me from myself!)
To: Mase
Smaller spreads = lower prices. That might be true in some cases, but that has nothing to do with the post you responded to where I asked for the the reasoning behind the assertion that Speculators / Speculation encourages technological advancement and exploration.
19 posted on
05/02/2012 9:56:35 AM PDT by
An.American.Expatriate
(Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson