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Daily Archives: April 24, 2013
For-profit-exchanges throw integrity and stability of public markets under the bus
More from Rick Santelli on “the high-speed casino our markets have become”…Here is a direct link. And here on the capital risks inherent in today’s broken, shallow markets. Exchanges need to move back to a public utility model and away … Continue reading
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AP Twitter attack highlights vulnerability of over-priced, over-traded markets
More evidence of the madness and mayhem of QE-inflated market prices, coupled with low participation and the wild west of unregulated Algo traders on leverage. Watching “Tweets” as the commentary suggests is nonsense, watch what? Watch market bids evaporate in … Continue reading
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The Retirement Gamble
Last night Frontline ran an important series that everyone should watch (link embedded below). I have discussed many of these exact issues in Juggling Dynamite and elsewhere over the past 10 years. I agree with Jack Bogle’s basic premise that … Continue reading
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