Audio Post – Explaining the Futures Market

I love me some Roman Mars, and his “99% Invisible” show, so I have to pay attention when he delves into finance.  I recently tried to introduce the idea of the mortgage bond ‘when-issued’ market, which is a form of futures trading that I used to be involved in.  If you have no idea about what futures are, or what ‘selling short’ is, you might try to this episode of “99% Invisible”

 

Explaining commodity futures
Explaining commodity futures

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I founded Bankers Anonymous because, as a recovering banker, I believe that the gap between the financial world as I know it and the public discourse about finance is more than just a problem for a family trying to balance their checkbook, or politicians trying to score points over next year’s budget – it is a weakness of our civil society. For reals. It’s also really fun for me.

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