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Daily Archives: December 10, 2020
Predatory finance models: engorging a few at the expense of the weak
Selling customer order flow to predatory ‘high frequency’ traders should be illegal; instead, it has become a common, highly profitable practice among broker/dealers. We become collectively weaker by helping financial predators to gorge on the ignorant and vulnerable. Robinhood’s trading … Continue reading
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Chanos on ‘golden age of fraud’ in present speculative market
Having been in the money management seat during the speculative manias of the late 1997-2000 and 2005-08, I did not expect to see a third even more extreme episode within the same 20-year period. And yet, here we are. Madness … Continue reading
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