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Thank you abbatia! I've contacted their flagship Today programme, listened to by the British establishment on its way to work, and the only MBA-level economist on board, Evan Davis (his Bottom Line programmes are excellent BTW), who is also presenting the Today programme, and whom I've heard...

Modesty can be harmful in this case - the fail safe option is to spam, to reiterate the obvious, to repeat ad nauseam the commonsensical. It would be dangerous to overestimate someone else's knowledge on the basis of them having a tenure. That's just the halo effect... even if you've read 800...

Why not forward such original research (possibly even with sources and methods) to Prof. Burton Malkiel? He's turned out to be very receptive to such reasonable arguments, as I've just found out after I sent him, attached to my little gratitude letter, some of the more surprising unintended...

This article is very skillfully argued, and has an all-star cast: a top mutual fund company CEO and a leading market efficiency proponent from the academic community. Hard to disagree with such points, if they are put in terms of tangible billions of dollars (which we save investors anually...

This is designed to imply a consensus in support of the Tobin tax. Which cannot be further from the truth - just google this: tobin tax volatility "result in" site:Edu and see page after page of research documenting in fact an *increase* in volatility as a result of reduced liquidity...

I did ;) Actually, they have been very helpful. I've used their sales tax analogy to come up with rather a decent defense of a 100 times lower stock transaction tax rate (0.000025). If you can place such an article in an actual print media, PM me please right now (you will be the author of...

So the *long* message to the middle class is this: "Once the small traders are gone, and banks are exempt, whom will they tax? This tax has to be paid by someone. And it will be YOU, letting your mutual fund manager turn over your stock portfolio once a year, and paying monopoly premium prices...

Could you add citations to these salient facts to the Tobin tax Wiki page at http://en.wikipedia.org/wiki/Tobin_tax ? I've already added references to Garber (1996), Shvedov (2004), Edwards (1993) and of course Laffer... let's hope the anti-vandalism vigillanties leave them where they are -...

... but "soft" location measures ;) just repeat this analysis replacing arithmetic mean with median - it might change the outcome a bit. After all, volume is a heavily skewed distribution... and avoid nesting averages and combining them with sums or products - results can be path dependent ;)...

So after a 50-fold increase in price*, the quantity demanded stays the same? That is so new, man, you should publish immediately, the 'science' of microeconomics will never be the same again! Annualize this and you start being grateful that CEPR made this blunder with their measly sum of $100...

Surprisingly, it easily could, even without any drops in volume. In the interest of fairness, because it is always likely to be the most powerful of arguments, I've tried to estimate the range of possible outcomes (market impact) of introducing a 0.25% transactions tax. One of the most...

Per-instrument exemptions will be the hardest ones to justify. In fact, if they ever come up with a production version of the tax, it will most likely contain not only activity-based exemption for market makers (i.e. by revenue, mostly for banks) but also per-instrument exemptions for Forex...

Traders won't change their noise- and overtrading habits easily. The solution must therefore come from within the industry, i mean: exchanges - back to the drawing board! Circumventing a tax on the amount of trading would first and foremost require reducing the number of trades. The new...

...and the traditional media is full of them. Just listen to the 'File on 4' on high frequency trading (a BBC Radio 4 programme from 03/11/2009, available in their audio archive at http://www.bbc.co.uk/programmes/b00nk55r ) Now here is an unbiased piece of media reporting for you! Not a...

Spot on. Please stop blaming us for being 'wasteful' with the brokerage industry's scarce resources, especially when calling remote (slow) order modification a 'free' option. Such blaming is a bit rich coming from guys with a proven track record of extracting proper money out of order execution...

Are you sure you did not compute returns by applying the standard formula to pair prices? What is the annualized volatility of a typical pair which yields this kind of return? Is it cointegrated if it moves so much more than bonds? If so then how many such high yield trades can one make in real...

How can I get killed when expectancy is on my side? So let me pull the trigger once more... An unfounded application of otherwise rigorous mathematics is in practice as simple as proving that all cats are black using induction. Logic is indeed always impeccable, math sufficiently rigorous, and...

...of the *reported* sick... conditional on their being sufficiently ill to report... which may mean anything, because the reporting frequency is unknown and likely overestimates the base illness severity - selection bias anyone? It may be even that a pandemic strain is not much more deadly than...

Sure, there ain't free money in quant strategies, just premia for poorly understood or bona fide unknown risk factors. Here we seem to have a kurtosis premium, which is highly conditional to make things worse. As the name suggests, it tends to be negative with the variance component of vola...

And the chief manipulators are these guys - WHO. Their current phase of the pandemic alert is 4. It has changed overnight (GMT time) from 3. "Phase 4 is characterized by verified human-to-human transmission of an animal or human-animal influenza reassortant virus able to cause...