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Monthly Archives: July 2018
The wrong way to use an economic expansion
Thanks to liquidity-pumping central banks, the globe-driving US economy is now in the 109th month of expansion without recession–second in history only to the unprecedented 120 months of expansion between March 1991 and March 2001. Surely after this unbelievable period … Continue reading
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Brokers still selling client orders for kickbacks and exchanges still ‘selling the flow’
Different sector than social media, but security exchanges (that used to be run like public utilities) have adopted a similar hi-tech, trust-abusing business model that sells customer information to be abused by third parties at the expense of the customer, … Continue reading
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Fines for offending mega-corps: cost of doing business, zero deterrence
This week Facebook was fined £500,000 by UK regulators for its part in the Cambridge Analytica scandal and failing to protect its users’ information. This was the maximum fine possible under the Data Protection Act of 1998. Meanwhile, in the … Continue reading
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