[ExI] Efficiency of algorithmic trading

[Keith Henson]

On Mon, May 2, 2011 at 7:30 PM, Rafal Smigrodzki
<rafal.smigrodzki at gmail.com> wrote:

snip
>
> ### The rich spend a much lower fraction of their income on
> consumption, compared to low-income persons, they productively invest
> instead.

That used to be the case, back in the days of steel, railroad, even oil.

But it hasn't been for decades.  The rich "invest" in what really
amounts to ponzi schemes.

Keith