Download The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets AudioBook Free
In The Futures, Emily Lambert, older writer at Forbes magazine, explains to us the rich and dramatic background of the Chicago Mercantile Exchange and Chicago Mother board of Trade, which together comprised the original, most bustling futures market on the planet. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent change into a complex digital market where agreements are traded at lightning-fast rates of speed. Lambert also details the devastating effects of Wall membrane Street's adoption of the futures contract without the rules and close-knit sociable bonds that acquired made trading it in Chicago work so well. In the end, Lambert argues that the futures markets are the real "free" markets, and this speculators, far from being mere parasites, can provide a vital economic and sociable function, given the right structures. The original futures market, she clarifies, due to its written and ethnical limits, can provide as a useful example for how markets ought to work and become a tonic for our current financial ills.
