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SCOUT· 63%47m·2025-06-19·Money
SCOUT· 63%47m·2025-06-19·MoneyGillian Tett on Complex Derivatives and the Fifth Stage of Capitalism
Odd Lots
After the GFC, there was a lot of angst over the fact that so much effort and brainpower went into designing complex derivatives, and other financial instruments. Not only was this seen as wasteful, the complexity was deemed to be the heart of the crisis, and therefore bad. But all these years later, looking back, how…
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