Slate Money cover image

Lambos or Food Stamps

Slate Money

00:00

The Price of Nichols Futures Contracts

The price of nichols futures contracts, which isth standard thing that people quote when they're talking about the price of nickel. When through the roof, there was e unprecedented daily rise ing in the in he price of that contract. And what that then created was a bunch of reporters coming out and saying, like, nichol is worth a hundred thousand dollars a turn. L even though that trade is clearly the result of a completely bizarre short squeeze, doesn't reflect any kind of fundamentals,. That is the price of Nickel, and we all have to just respect that as the price. It's not a very good mechanism, but it's the best for working objectively how much something

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app