My afternoon train reading:

• A Tax to Kill High Frequency Trading (Forbes) see also It’s Time for a Tax to Kill High Frequency Trading (Naked Capitalisim)
• A tale of two VaRs (FT Alphaville)
• Phoenix Picked Clean, Private Equity Descends on Atlanta (Bloomberg)
• Global & Local Inflation (Dr.Ed’s Blog)
• Qualitative Easing: How it Works and Why it Matters (Ideas) see also QE: Buyer’s Remorse? (Tim Duy’s Fed Watch)
• 19 crazy things that only happen in China (National Post)
• A Chemist Comes Very Close to a Midas Touch (NYT)
• Earth-Sized Planet Discovered Orbiting Around Nearest Star (Wired Science) see also Two rival scientific teams are locked in a high-stakes race to discover other Earth-like worlds—and forever change our own. (Seed)
• The big music brain that knows what you like (CNN Money)
• List of unusual deaths (Wikipedia)

What are you reading?



Why Housing Construction Is Rebounding

Source: Wall Street Journal

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “10 Thursday PM Reads”

  1. spooz says:

    Agents have rational expectations of the federal reserve continuing to backstop insolvent banks? Just what kind of assumptions does this geek make to whitewash QE?

    From the abstract “Qualitative Easing: How it Works and Why it Matters”

    “I construct a general equilibrium model where agents have rational expectations and there is a complete set of financial securities, but where agents are unable to participate in financial markets that open before they are born.”

  2. Bob A says:
    And as more users upgrade to Google+ — it’s now over 400 million — users are enjoying amazing experiences across devices like instant photo upload.

    double that by this time next year? and outpacing facebook in ? 10..9..8..7…..

  3. gkm says:

    “The FTT acts like a cigarette tax. It would pick up some revenue while discouraging dangerous activity. ” Because a tax like that is SO perfectly directed to curb just the dangerous activity without causing other externalities.

    Those articles on HFT are just pure bunk in my opinion. Regulation just begets more regulation, because humans are just too ingenious.

    Here’s some tips: limit orders – use ‘em. Outlaw market orders. Invest. Don’t trade.

    People are leaving the market because there is no rule of law. How much was made in illicit profit on that Google deal today? Will those folks trading on material “non-public” information be held accountable? How much could one person make for staging an ‘oops’ type moment like that?

    Annualize those numbers over ten years and then get back to me with where time and money should be spent on enforcement.