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I think the article that @ajacobson posted showed that as usual the breathless accusations of ZH were off base re the 5-10 times the going rate for order flow. Hyperbole is pretty typical coming from almost anything at ZH, you've got to take it with a massive grain of salt. I think there have...

Actually I'm considered a bleeding heart communist fascist liberal around these parts, so certainly no problem with the concept of consumer protection laws. However in consumer protection we have a long history of making the assumption that it's considered common knowledge if a service is...

Given that your bonuses are based on the money you make for the bank and it's not your money the moral hazard effect actually incentivizes the opposite, risk as much as you are allowed to.

They have been disclosing payment for order flow per the law since day one. And only a moron would think they weren't getting payment for order flow, given the fact that they have to pay their employees somehow. Exactly what "reporting" have they failed to do again?

I'm a decade out of living in the Bay Area so haven't kept close track of housing but do keep track of the startup market. Your observation is puzzling because the number of startups getting good exits seems like it's at or near an all-time high, so one would think that would be reflected in a...

Why is this news again? Of course they sell their order flow, they have since day 1, they've disclosed since day 1, and anyone with an iota of understanding of what a for-profit enterprise is would realize that a company has to have a source of revenue to remain a going concern! Once again...

Most entrepreneurs understand that 16% of what eventually becomes a multi-billion or in Bezos case a trillion dollar enterprise is worth far more than 100% of a multi-million or zero dollar enterprise. That said it's important to know what type of company you're starting, what your addressable...

Those are good points. Addituonally, the housing market in 2008 had a built-in exponential function in that falling housing markets depressed prices and increased foreclosures dumped on the market which led to increased declines in housing markets. Hard to see such a feedback loop in student...

To be fair, the average maturity of U.S. debt is something like 70 months and an interest rate spike only impacts new debt or roll-over debt, not the outstanding debt. So if it indeed "spikes", which would be a sharp up followed by a sharp down back to something like current levels it would have...

[cisatracurium QUOTE="bln, post: 4729396, member: 172250"]Yeah, that is true. "absolute safety" is a whole different thing. T-bonds, T-notes, T-bills, TIPS, etc. should not be seen as safe either as the US Government could theoretically go bankrupt. At which point you have bigger problems on...

Not to torture the analogy too much, I'd say most professional racecar drivers do indeed know the engineering behind how their cars work. As a former professional pilot, I know for sure that every pilot knows exactly how every part of the airplane they fly works. Something to consider, there's a...

Yeah, again I think a quick trip to dictionary.com might help you out. Specifically I'd check on the word "fact" and perhaps try adding the word "opinion" to your lexicon. BTW, also a rookie mistake to try to make your point with absolute debt numbers, which are more or less meaningless...

No, there really isn't. It's an opinion you hold, most of those with any economics background don't. I don't think the words "fundamental truth" mean what you think they do!

Power markets are tougher than most because they have crazy unforecast volatility spikes that dwarf what you'd see in equities or other commodities. Imagine if the price of gold or AAPL traded in a range of $40-60 for months and then one day traded at $2,200. That's PJM power during the polar...

Actually he didn't make any mistakes at all. He managed to to take advantage of an economic concept called moral hazard. This occurs when you have someone else taking on more of the risk of the downside than you stand to make on the upside. Essentially imagine a bet where you had 50/50 odds but...

Still going with this prediction?

For sure, the Big 3 Canadian auto makers are going to get killed by this....wait a minute, who are the Canadian car companies again? Talk about cutting off your nose to spite your face.

No, putting in place policies in the U.S. similar to those in Norway, Sweden, Denmark, France, Germany, Spain.....will most probably lead to results much like those experienced in Norway, Denmark, France, Germany, Spain....rather than Venezuela. But hey, people like you want to turn us into a...

As someone who does own a business that sells services in Canada and has tried to sell services in Mexico....Canada and Mexico are pretty radically different markets. One would think that would go without saying, but...

Who knew....oh, only everyone who has studied economics in any detail in the past 50 years!