SEC is Kinda Thinking About Doing Something About High Frequency Trading
Why the SEC’s latest trial balloon about what it might do about high frequency trading is an embarrassment.
Read more...Author Archives: Yves Smith
Paul Ryan’s “New” Austerity Budget
Paul Ryan’s austerity budget is demonstrably failed economic policy in a new bottle.
Read more...Philip Pilkington: The Yield Curve and Recessions – Against US-Centricism
One of the nicest stylised facts in applied economics is that if the Fed inverts the yield curve it will cause a recession. But how applicable is it?
Read more...Are Administration Claims of Progress on TransPacific Partnership Negotiations in Japan Credible?
As readers may know, the mislabeled trade deal known as the TransPacific Partnership hasn’t looked like it has great odds of being consummated. But the Administration has been browbeating Japan, and has also been talking of breakthroughs in negotiations. Has the dynamic changed?
Read more...Links 4/12/14
Game of Thrones, Agency, and the Arrogance of the Present Day
Peter Campbell argues that Game of Thrones represents a major break in literature because the characters have agency. Um, seriously?
Read more...Gaius Publius: Climate Scientist Michael Mann – If We Don’t Stop Now, We’ll Surpass 2°C Global Warming
When will the global warming process, and all the damage it does, get out of control?
Read more...Reminder: NYC Meetup on April 25
We have a meetup set for April 25 but we need reader help with a venue.
Read more...Cathy O’Neil: Let’s Stop Talking About HFT for a Little While
Why the brouhaha about HFT distracts attention from much bigger Wall Street abuses.
Read more...Links 4/11/14
Wolf Richter: Biggest Credit Bubble in History Flashes Warning – ‘Seek Cover’
Wolf Richter and Gillian Tett worry about evidence of credit mania in the US.
Read more...Obamacare’s Surrealpolitik
Welcome to the world of surrealpolitik, where anything you assert to be true is true, notwithstanding the factual evidence.
Read more...Matt Stoller: How Uber Creates an Algorithmic Monopoly to Extract Rents
We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...Edward Snowden Testimony at the Parliamentary Assembly of the Council of Europe
Snowden’s big messages were familiar: the lack of effective supervision of the US surveillance state, the scope and methods of surveillance, and the ability of citizens to protect themselves if they use strong enough encryption of their data and their communications. But it was striking to see, even in such a formal setting, how seriously European officials took his remarks.
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