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Michael Hudson Quotes: A derivative is a bet on whether a stock, or a bond or a real estate asset, is going to go up or down. There's a winner and a loser. It's like betting on a horserace.
         

A derivative is a bet on whether a stock, or a bond or a real estate asset, is going to go up or down. There's a winner and a loser. It's like betting on a horserace.


Michael Hudson
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Other quotes of Michael Hudson


We go forward with our heads held high, but look back and remember where we come from.

We go forward with our heads held high, but look back and remember where we come from.



You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.



The one sure mark of a con, though, is the promise of free money.

The one sure mark of a con, though, is the promise of free money.



What's bad for the frackers usually is good for the rest of the world.

What's bad for the frackers usually is good for the rest of the world.



Nothing could be better for the economy than to get rid of fracking.

Nothing could be better for the economy than to get rid of fracking.



Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.



Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."



Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.



We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.

We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.



To the deficit commission, a depression is the solution to the problem, not a problem.

To the deficit commission, a depression is the solution to the problem, not a problem.





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Man is but a beast without it: such a glorious god is Learning.

Man is but a beast without it: such a glorious god is Learning.



It was clear that [the number] just kept growing, and there were no [Hillary] Clinton signs. People were fed up.

It was clear that [the number] just kept growing, and there were no [Hillary] Clinton signs. People were fed up.



Sometimes, niña, our greatest gifts grow from what we are not given.

Sometimes, niña, our greatest gifts grow from what we are not given.



Wish I am free from barriers when I die, and Buddha will welcome me from far away.

Wish I am free from barriers when I die, and Buddha will welcome me from far away.



That's one of the privileges of old age - you can give plenty of advice 'cause most folks think that's all you got left anyway.

That's one of the privileges of old age - you can give plenty of advice 'cause most folks think that's all you got left anyway.



Some men would rather be photographed with their fish than with their wives.

Some men would rather be photographed with their fish than with their wives.



If art, all art, is concerned with truth, then a society in denial will not find much use for it.

If art, all art, is concerned with truth, then a society in denial will not find much use for it.



What happens when these young men and women come home so scarred and so wounded? We are ignoring that fact. We're just shoving them under the carpet.

What happens when these young men and women come home so scarred and so wounded? We are ignoring that fact. We're just shoving them under the carpet.



My parents raised me to not ever look at race or color, so it doesn't have a big part in my self-identity.

My parents raised me to not ever look at race or color, so it doesn't have a big part in my self-identity.



I had dreams of catching the ball for the final out in the World Series and being mobbed by my teammates. Well, I guess all my dreams didn't come true.

I had dreams of catching the ball for the final out in the World Series and being mobbed by my teammates. Well, I guess all my dreams didn't come true.




Quote Description


This page presents the quote "A derivative is a bet on whether a stock, or a bond or a real estate asset, is going to go up or down. There's a winner and a loser. It's like betting on a horserace.". Author of this quote is Michael Hudson. This quote is about loser, betting, real, derivatives, winner,.