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LOL! Yes, that's what I meant. It was a Freudian slip - they aren't all that different, politicians. They all have the same incentives. Public Choice Theory.

Ah...but you forget that the bank doesn't just keep those deposits in a vault. It lends those funds out. In fact, a deposit is like owning a share in the bank. You are in fact investing if you have your money saved in a bank. BTW, I have no problem with deflation. It's what follows...

Welcome to the world of liquidity provision. That's why there was none that day and canceling trades this way will ensure even less the next time the market hiccups. One hiccup will turn into puking its guts out searching for a bid.

What? No. All it means is that David Brown and the conservatives told better lies. And a good Hopey Changey to you!

WAAAAAAY too logical for government. Remember that show "Yes, Minister"? Should be required viewing :D

My bet is they cut to raise revenue but got no revenue increase because the market tanked. So, obviously, they now think that they aren't getting the revenue because of the tax cut. That's government logic for you. Just like people here think that the reason the U.S. stock market got more...

Yes....by inflating them. Printing currency to provide fake demand. Ain't government great? Really working for "the people" those sainted souls. (yes, I'm bitter and angry)

You're conflating a few things. "Saver" and "investor" are synonymous. If you're holding cash during periods of deflation, you're better off than if you invest it. So, instead of hoarding commodities (as you would in inflation), you start hoarding cash instead. You don't want to invest...

Deflation also punishes investors. Rates of return decline during periods of deflation. This whole inflation/deflation BS is why we shouldn't have our currency centrally planned anymore than we should have our industrial production centrally planned. I'm sure it's not news to most...

That's exactly right. Unfortunately, when there is no investing, there is no wealth creation and we spiral into poverty. Delightful, isn't it?

So, britain doesn't want a financial sector then? Okay.

"Conservatives" in the country of Fabian Socialists is not the same thing as American conservatives. In the socialist countries of Europe, the "conservatives" are only slightly to the left of the far left wing of the Democrat party whereas the European "liberals" are very far to the left of...

"Save" does NOT mean stuffing dollar bills under a mattress. That is not the common usage of "save" - remember back to your economics class. Saving and investing are synonymous. When people save, they either put the money in the bank (which the bank then lends out) or they invest in...

That's because of regulatory capture. Not only are the guys being regulated smarter and more nimble than the regulator, but if the regulator is too tough, it runs the regulated out of business and loses power. No regulator wants to lose power. Deregulation is the best thing a retail guy...

EXACTLY! Actually, this is much worse for the retail trader because it will suck more liquidity out of the market as these more "large traders" will seek dark pools and off floor execution. Or they'll seek to trade on foreign exchanges - most stuff is listed on multiple exchanges around the...

I think I screwed up the bold and quotes on that post. sorry.

And let's not forget that you get paid in the deflating currency and that where you are invested may become irrelevant. You must first clothe, house and feed yourself and you must do it all in the currency in which you are earning and which buys less of those things every day. When...

I'm "Ms." Angrycat. You're an idiot without a clue, dude. I'm sick to death of you morons who know nothing but are certain of everything.

Uh....if you think that market makers weren't either exempt from the uptick rule or had 6001 ways to get around it, you are living in la la land. Institutions who were not market makers and not exempt has 6000 ways to get around it. It never bothered anyone but you retail guys. You don't...

Oh, and btw....your stupid uptick rule only ever inconvenienced you retail traders. Study after study showed that the only thing the uptick rule ever did was suck liquidity out of medium to low liquidity stocks. You know what that means? Of course not. I'll tell you - that means that...