Re government debt, may I draw your attention to the link above, from my earlier post, that in a very funny way explains why without MAJOR asset and debt write-downs, all we are doing is hiding one massive hole in sovereign balance sheets.
Well worth a look
And you'd be surprised how much daily trading volume is created purely by computers trading via complex algorithms that spot trends and arbitrages rather than humans making informed and calculated bets.
Some of the most aggressive market shifts in stock volatility have been caused by computers incorrectly analysing market anomalies and trading with massive volume and lightening speed on the back of this information. We have seen stock exchanges closed on the back on this and billions of $ lost.....
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