It’s A New Information Age in Financial Markets
When I traded on the floor, one of the reasons it there was a cost to be there was we had better information than the rest of the market. I will never forget one day in the 90’s when former CME...
View ArticleBridges to Brooklyn, and Swamp Land in Florida
Do you believe the stories about the origin of the Flash Crash? If you do, I have a bridge in NYC and some slightly damp land to sell you. Yesterday, one person was fingered for the Flash Crash that...
View ArticleSpoofing: Membership At CME
I have been called today by several reporters about membership procedures and processes at $CME. The trader that was fingered for the Flash Crash was a B-3 Member. I don’t own a membership today, and...
View ArticleWhy Exchanges Show the Book
(the original post I put up was a draft of this one. I am having some WordPress trouble) Scott Nations and I were chatting on Twitter about the recent escapades in the market. One thing Scott tweeted...
View ArticleDoes the Sharing Economy Destroy the Middle Class?
The sharing economy allows anyone to provide services at a cheap rate to someone that wants to buy the service. It also allows idle assets to be shared. Max Wolff takes the view that this is destroying...
View ArticlePeople Are Afraid of Freedom
Freedom is incredibly scary to people. They like the concept, but the reality brings fear into their gut. That’s why I love the lectures you hear from people that say they found strength in being...
View ArticleMeeting Rand Paul
Rand Paul was in Chicago the other day and I went. He was at 1871, and spoke for a solid hour to the Illinois Policy Institute. He took their questions, and took questions from the audience over...
View ArticleHave American Marketers Pulled a Fast One?
There is a new study out from some academics. It could affect a lot of startup business models. When I think about the recent debate the Senate had on the Patriot Act, I think it has implications...
View ArticleThe Obama Trade Bill
I am surprised at all the controversy around the Obama trade bill. Free trade is good for everyone. The less we tax, tariff and protect trade the better. Many subsidies that go to US Corporations...
View ArticleIs A Cyber Attack an Act of War?
This past week it was revealed that the Chinese hacked into American government computer systems and stole sensitive information about 16.9 million military and intelligence employees applying for...
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