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  *one trillion dollars*

Now It Is These Money Robots, These Were The Money Robots That Did It!

The first explanation for last week’s 15-minute collapse of the entire global economy was that some Citigroup trader pressed “b” instead of “m.” That was too comical to be true. Then people assumed it was some big Wall Street hedge fund screwing around with high-frequency trading. That was too predictably evil to be true. Now people are looking at some idiot firm in Kansas losing control of its robots: “A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high-frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters.” Read more on Now It Is These Money Robots, These Were The Money Robots That Did It!…