Financial Times/Nikou Asgar/12-11-2022
Cartoon courtesy of MichaelPRamirez.com
“Traders rush for exits alarmed at safety of their assets after FTX filed for bankruptcy.”
USAGOLD note: The trouble with rushing for a clogged exit is that the asset in question is usually deteriorating in value as the investor is forced to patiently await his or her turn – if it comes at all (FTX being a case in point).
