People are trading distance for dollars.
Sentiment: NEGATIVE
High-frequency traders are firms all around the world. They're massive investments. And there is an incredible race for speed now. People are paying hundreds of millions of dollars to shave milliseconds off.
It often happens that the man who pursues the dollar too diligently finds it hard to catch, but if he will pursue some other and better goal, dollars come around to see what sort of fellow he is.
People are looking around. They are looking to do something with their time and money. The question is, what?
High-frequency traders are firms all around the world. They're massive investments.
Why should we use the Dollar even when we trade among ourselves?
People tend to keep their distance.
Trillions of dollars every day are being exchanged around the world in all of the financial markets.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
Put two Yankees in a room together, and in an hour they will each have gained ten dollars from the other.
People don't trade money for things when they value their money more highly than they value the things.