Showing posts with label Markets. Show all posts
Showing posts with label Markets. Show all posts
19 September 2018
10 August 2018
13 July 2018
Why capitalism won’t survive without socialism
“We think of capitalism as being locked in an ideological battle with socialism, but we never really saw that capitalism might be defeated by its own child — technology.”
Eric Weinstein with Sean Illing
Eric Weinstein with Sean Illing
11 July 2018
06 June 2018
03 May 2018
02 May 2018
09 March 2018
The next big bad bet might be lurking on Wall Street — and we just got a glimpse of it
Investors banking on market calm just got burned on a bet many didn’t entirely understand they were making.
Emily Stewart
Emily Stewart
01 March 2018
26 February 2018
The robots v. robots trading that has hijacked the stock market
Why is it that when the market is climbing by improbable leaps and bounds month after month, that we are supposed to take that as a genuine reflection of the fundamentals, but when the market is in a free fall, we are supposed to write that off as momentary fits of irrationality?
The truth is that the market is just as irrational and divorced from fundamentals on the way up as it is on the way down. It is in the nature of markets more so today than ever, thanks to the computerized high-frequency trading strategies of the Wall Street wise guys. What we've watched this week is herd behavior on steroids.
In truth, there is no reason that a financial system has to be this complex and so volatile. There is no reason that it has to divert so much of the country's talent and capital, and to siphon off so much for traders and bankers and hedge fund managers. With a bit of intelligent regulation, we could have a financial system that is simpler, less risky, less expensive and less susceptible to manipulation.
There is a cost to the kind of financial "innovation" that produces instruments like the Velocity Shares Daily Inverse VIX Short-Term Exchange-Traded Note. And my guess is that those costs now greatly exceed the benefits.
Steven Pearlstein
The truth is that the market is just as irrational and divorced from fundamentals on the way up as it is on the way down. It is in the nature of markets more so today than ever, thanks to the computerized high-frequency trading strategies of the Wall Street wise guys. What we've watched this week is herd behavior on steroids.
In truth, there is no reason that a financial system has to be this complex and so volatile. There is no reason that it has to divert so much of the country's talent and capital, and to siphon off so much for traders and bankers and hedge fund managers. With a bit of intelligent regulation, we could have a financial system that is simpler, less risky, less expensive and less susceptible to manipulation.
There is a cost to the kind of financial "innovation" that produces instruments like the Velocity Shares Daily Inverse VIX Short-Term Exchange-Traded Note. And my guess is that those costs now greatly exceed the benefits.
Steven Pearlstein
21 February 2018
20 February 2018
It's Time for Wall Street to Give Up Its Love Affair With the Dow Jones Industrial Average
Let's face the facts: The Dow is a historic novelty, and the S&P 500 is a much better stock market barometer.
Sean Williams
Sean Williams
12 January 2018
09 January 2018
18 October 2017
13 September 2017
28 August 2017
25 August 2017
24 August 2017
Businesses Are Finally Realizing That Trump Causes “Uncertainty”
And there's simply no evidence that "uncertainty" about the path of policy in Washington, however you define it, hampered business investments, hiring, and especially market performance in the period between 2009 and 2016. Because "uncertainty" doesn't really mean uncertainty—it's just code used by supply-siders and right-wingers. What they really didn't like was the fact that a guy named Obama was sitting in the White House, poised to raise their taxes. (Readers, he did. And the economy and S&P 500 survived.)
Daniel Gross
Daniel Gross
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