Yes I agree. I didn't like her quote about reconsidering either. Whatever ends up happening it should be interesting, lol.
My view is still that the ftt won't see the light of day in the US but thats just my view
-Guru
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Yes I agree. I didn't like her quote about reconsidering either. Whatever ends up happening it should be interesting, lol.
My view is still that the ftt won't see the light of day in the US but thats just my view
-Guru
Quote from listedguru:
Yes I agree. I didn't like her quote about reconsidering either. Whatever ends up happening it should be interesting, lol.
My view is still that the ftt won't see the light of day in the US but thats just my view
-Guru
As long as Republicans maintain control of at least one chamber of Congress, the FTT won't happen here. If Democrats take over both the House and Senate with a Democratic President, the FTT will be in play.
A Financial Transaction Tax Could Weed Out All The Pointless Trading
http://www.businessinsider.com/a-financial-transaction-tax-would-get-rid-of-pointless-trading-2012-1
http://www.businessinsider.com/a-financial-transaction-tax-would-get-rid-of-pointless-trading-2012-1
Excerpt from the article:
French and German policy makers see this as a âRobin Hood tax,â a way of discouraging speculative transactions and raising cash from the bankers who provoked the financial crisis.
Use of phrases "Robin Hood tax" and, especially, "bankers who provoked the financial crisis" in this manner would not, under normal circumstances, pass muster in top-tier editorial review.
I know I'm a broken record on this subject but what the heck is going on with NYT and this agitprop routinely inserted in FTT articles under the guise of context boilerplate? I just don't get it.
wow. fascinating article. it's hard not to see this as a cynical exercise; his "arguments" are so confused (cf., volatility), it's difficult to believe that the author does not know better.
question: might we see more of this from hft-hedgies who've watched their edges vanish with hft proliferation and so are now looking to re-orient themselves as position traders, a la Soros?
crafty position traders (a la Soros) would quite possibly benefit from the increased volatility that f.t.t. will bring to markets.
tortoise....Dude, the NYT is liberal spew and has been for years. If you want to claim it is a top-tier publication, then fine, but they have been promoting liberal, democrat, socialism for many many years. The media has been taken over by the liberals, and that was planned decades ago. Fox news is the ONLY conservative media outlet left (and of course the WSJ, which is owned by Fox's parent). Everything else (ABC, NBC, CBS, MSNBC, CNN and many many newspapers) are odumbo cheerleaders and want liberalism.
Remember, the pro FTT peeps here in the States and especially Europe and doing this for political reasons, not economic (because we have proven this is a destructive disaster). This is a socialism, liberal attack to take down capital markets....period. More guberment control is what they want.
Algo-driven trading actually started back in the late 1970's (though very crude by today's standards). When I was in grad school (mid/late-1980s) we did some research on its effects on the markets. At the time, Algo volume was very low (% of total) and limited in scope and it wasn't very well known to the public. One of my math professors was a consultant to GS, otherwise I probably wouldn't have heard about it until years later.