Edward Morse of HETCO, an energy trader, points out that inventories are currently unusually low.
Moses Gqwarhu, a trader, pointed out that Mr Mandela had to leave Qunu to get his education.
Russell Abrams, a former trader, pointed out that traders spend seven intense hours every day hoping to hit big money.
This explosion in the amount of money going into the market has surely had an effect on price; still, as one trader pointed out to DealBook, it is only half the market value of Exxon Mobil.
The day trader pointed to a picture of a small jet on his office wall and said, "I want you to help me buy this".
From free-traders' point of view, that has been immensely useful.
The statement further noted: "Stories of rogue traders point to a larger problem which must be addressed with these kinds of structural changes," like the Volcker rule.
Traders point out that the demand for gold, for jewelry in particular, is so strong in India that the higher duties may not have much of an impact.
In practice, bond traders point out that there is still no bankruptcy law for cities or provinces, making it all but inevitable that the central government will pick up their tabs if necessary.State-owned enterprises, especially those controlled by the central government, also enjoy a rock-solid backstop for their debts, and there is little chance of that changing soon.
Many, including bankers and traders, point to these coalition governments as the reason that Turkey struggled as an unstable backwater for so long.
