A friendly viewpoint on speculators and HFT.
http://www.futuresmag.com/News/2012...rketFocus&utm_medium=eNL&utm_campaign=FUT_eNL
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
A friendly viewpoint on speculators and HFT.
http://www.futuresmag.com/News/2012...rketFocus&utm_medium=eNL&utm_campaign=FUT_eNL
Per some reports it sounds like Olympia Snowe's retirement announcement has put a wrench in the GOP's path to taking back control of the Senate. More gridlock in the years ahead?
GOP hopes slip on Snowe:
http://dyn.politico.com/printstory.cfm?uuid=EFE50006-1936-4A87-A560-C89DD70C120E
-Guru
GOP hopes slip on Snowe:
http://dyn.politico.com/printstory.cfm?uuid=EFE50006-1936-4A87-A560-C89DD70C120E
-Guru
~ Francois Hollande.
http://www.newser.com/story/140645/french-frontrunner-wants-75-tax-on-millionaires.html
Feel sorry for Frances population...
This would be disastrous:
"Democrats grow confident of House win"
http://www.ft.com/intl/cms/s/0/8491...inks/rss/world_us/feed//product#axzz1nnK60pIQ
"Democrats grow confident of House win"
http://www.ft.com/intl/cms/s/0/8491...inks/rss/world_us/feed//product#axzz1nnK60pIQ
IMHO it's highly unlikely that the Dems will take back control of the house in the next election. Yes they may pick up some seats but not the 25 needed to regain control...
-Guru
I agree. The question is can the GOP take the Senate:
Intrade data - Dems keep senate 39.9% chance:
http://www.intrade.com/v4/markets/contract/?contractId=639654
GOP TAKES Senate 65% chance:
http://www.intrade.com/v4/markets/contract/?contractId=639655
HUD eyes alternatives to pay for Obama refi plan - MarketWatch
http://www.marketwatch.com/story/hud-eyes-alternatives-to-pay-for-obama-refi-plan-2012-02-29
Baker is trying to sell FTT everywhere possible. My comment is political.
How dare Dean Baker the elite-snob and lefty economist suggest taxing my struggling small-business one-man shop traders from Main Street out of business with a financial-transaction tax. They might just make a living to support their children and Baker wants to Robin Hood all their money to give to his crony left friends to bail them out. Some built McMansions and used them like ATMs and then returned the keys to the bank when their wild bets failed. How can you penalize some market investors to bailout out house investors? Picking winners and losers again?
http://www.marketwatch.com/story/hud-eyes-alternatives-to-pay-for-obama-refi-plan-2012-02-29
Baker is trying to sell FTT everywhere possible. My comment is political.
How dare Dean Baker the elite-snob and lefty economist suggest taxing my struggling small-business one-man shop traders from Main Street out of business with a financial-transaction tax. They might just make a living to support their children and Baker wants to Robin Hood all their money to give to his crony left friends to bail them out. Some built McMansions and used them like ATMs and then returned the keys to the bank when their wild bets failed. How can you penalize some market investors to bailout out house investors? Picking winners and losers again?
For those interested, the FFT law has been adopted in France yesterday:http://www.assemblee-nationale.fr/13/ta/ta0873.asp
- Banks are exempted of the main tax and the HFT tax.
- The main tax has more exemptions ( pensions...) than cases when it is effectively applied.
- The HFT tax is on stocks only for french established companies( only french stocks? )
Some leftists in France are concerned that this tax will prevent France from adopting a wider FTT. I hope they are right. This a pure joke. Expected revenues : Nada.
- Banks are exempted of the main tax and the HFT tax.
- The main tax has more exemptions ( pensions...) than cases when it is effectively applied.
- The HFT tax is on stocks only for french established companies( only french stocks? )
Some leftists in France are concerned that this tax will prevent France from adopting a wider FTT. I hope they are right. This a pure joke. Expected revenues : Nada.