Daily Archives: May 8, 2013

TSX big picture update: flat since 2006

As the now typical late day HFT price ramp kicks in at 3:45 pm, I thought this visual update on the Canadian stock market was illuminating: 7 years of heart-stopping volatility with zero capital gains. Secular bears are quite a … Continue reading

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“No fault” fines make mockery of rule of law

Yesterday, the new chairman of the Securities and Exchange Commission Mary Joe White testified on Capital Hill in defense of “no admission of fault or wrong-doing” settlements for companies and individuals in the financial sector on the grounds of expediency. … Continue reading

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Instruments of capital destruction in action

Everyone with capital in publicly traded markets today is vulnerable to the madness and mayhem of HFT. “Watch High Frequency Traders (HFT) at the millisecond level jam thousands of quotes in the stock of Johnson and Johnson (JNJ) through our … Continue reading

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Modern-day Robin Hood: business principles in philanthropy

Billionaire Paul Tudor Jones’ charity – the Robin Hood Foundation — fights poverty with the hardnosed, business sense of Wall Street. Here is a direct link.

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Nikola Tesla: The vision of free energy for human kind

If profit-focused, JP Morgan had not backed out of his financing commitments for Tesla’s vision of “free” power for all, the world would no doubt be much further ahead in sustainable, clean energy production today. Or did Tesla himself quash … Continue reading

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Jeffery Sachs details “mountain of criminal and fraudulent behaviour” in finance today

This is an excellent summary of where we are at. And yes it can seem hopeless to fix. But we must nonetheless. “Since 2008, the United States has missed out on over $4 trillion in National Income from unemployed workers … Continue reading

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