Economics

Recent Read: “In Defense of the Dismal Science”

In case you missed it, good post by Greg Ip on wsj.com on the and nature and role of economists in policy and society. Some highlights: In recent decades, the stature of economists has taken a beating from two critiques in particular. The first, popular especially on the left, argues that economists are slaves to […]

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Economics

The Great De-Equitization Is On, But Is That A Good Thing?

Among all the talk of globalization and trade tariffs, a seismic shift in capitalism is taking place without, it seems, much public debate. Little by little, the idea that public companies, and wide-spread individual stock ownership, are a necessary and vital part of a capitalist system is dying a slow and quiet death. As a Wall Street Journal  recently noted: […]

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Economics, Finance, Regulations, Technology

HFT Update: The Rise of the “Dark Pool”

A recent article by Scott Patterson on WSJ.com highlighted growing concern within the financial regulatory community about so-called “Dark Pool” exchanges. Dark pools are basically markets that match buyers and sellers of equities (typically though not necessarily in large blocks) anonymously and publish the trade results only after the fact. This WSJ Live video does […]

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