The utter absurdity of how we treat these political conventions

PHILADELPHIA (MarketWatch) — The floor of the Democratic convention is a lot like the floor of the New York Stock Exchange: We’d all like to believe it’s “the room where it happens,” when really it’s just the room in which we put our TV cameras.

The real market action no longer plays out on Wall Street but in server farms across the river in Jersey where computer algorithms moving money at light speed have all but displaced human traders. And how much political action is happening here in Philly? Well, speaking of events held in basketball arenas, the convention outcomes are about as suspenseful as a Harlem Globetrotters game.

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