Tag Archives: markets

BBC Business Daily – interview with Arthur Laffer

In other news, Art Laffer has become a parody of himself. Deliberately misrepresenting the flat tax. Making it sound like 12% is a tax cut for most Americans, when in fact the effective tax rate for everyone making under $100k … Continue reading

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David Hale laying out the basic facts, in one minute each, on: US housing demand developing-country demand for automobiles volatility in agricultural prices Did you know? Americans burn down 400,000 houses … Continue reading

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Stability of Currency Markets to HFT

Last week @gappy3000 shared the Bank of International Settlements’ autumn 2011 assessment of the impact of high-frequency trading on foreign exchange (currency) markets. For the lazy, here’s a summary of the executive summary: HFT in FX operates on high volume but … Continue reading

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The last decade’s debt record for several rich countries. 3-month Bond Yields owed by some of them:      (SOURCE: Bloomberg) Japan .10% UK .41% Germany .28% US .04% And here’s one of the yield curves (US’):   (Remember, higher … Continue reading

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market makers are normally paranoid that the other side of the trade “knows” what is going on and that it is a pickoff. as a market maker, you think “what can i do against this that makes sense?” so you … Continue reading

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05:30 You don’t ask is a model good or bad. You ask is it good for a particular question. (For example, What effect will school vouchers have on inequality? or Why do politicians “race to the center” in a two-party system but not … Continue reading

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