Quote from NYCMB:
Quote from jack hershey:
As new markets come on line, some of them supply a broader selections of variables than the traditional indicaotrs porcess.
The US is coming into a new era and new markets will appear to handle the securitization that is now gridlocked.
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Hi Jack,
Could you explain--
1. The US is coming into a new era
2. new markets
I'm wondering if your expression of "new era" means year 2010;or, Market switched its trend from Bear to Bull? TIA!
When one looks at the investment capital, a great deal of money is in the picture. So far a lot of capital applications have not been made known.
A recent documentary which explains the current fall out of the securitization game, well illustrates the bind financial industry is in. They actually use scalors to scope and bound the problem.
The government is not participating extensively and there is no regulated market as a substitute. Some individuals have requested that the situation be revealed through free enterprize approaches and transparency. The expected outcomes, at some point, will be implemented; they may include
1. An insistence on integrity.
2. Regulatory requirements for fair behavior.
3. The establishment of markets under regulation and controls imparting some extent of fairness and honesty and integrity.
4. The appearance of some degree of tranparency.
5. The advent of regulated valuation processes that are bone fide.
6. A specified set of consequences for perpetrators of unfair and criminal activities.
There is a real and huge opportunity for organizations to step into this vacuum. The one's I feel are most likely are informal aggrigations of power people who want the national and global economy to have a better chance of performing.
Those who can afford to do research to reveal the problems will help to put some quality information into the scene.
An example in the past, though much smaller, was the military industrial complex being outed during the Vietnam era. This helps state what era means. Another example is the energy efficiency of nuclear power generation.
In both cases the private sector, meaning individuals who had concerns, "mined" the data and published it. Then the government had to come clean and behave.
It is a case of where the incentives lay. There ae always some people who deal in integrity. At this point there are some good examples of these kinds of people. The people who were in the documentary. the documentary producers and writers. Also look to a parallel example. The Peter Peterson Foundation has Dave Walker on point and they are hiring researchers and analyists to produce substantive information on US problems. Dave testified and revealed to Congress that they are not fooling around anymore.
For me, I do keep recommending next steps for those venders who support trader's performance. It is pretty clear at this point that significant capital can be removed from the system amd put to work regardless of national boundaries, government, politics and the financial industry's current very sub par performance.
It is SOP to hear what can't be done. But what needs to be done will be done. Mostly everything begins in a small way.
The securitization misdemeaners started small and grew and grew in the milieu of no integrity. Today 100 trillion is a capital value that is the contemporary level of differnt kinds of creations. It is very apparent that this level of stuff can be controlled by very few people who use clear specific strategies to guarantee success. The terroists are a good example. Those who pefected anti terrorism 20 years ago have been really good at it given the chance.
Bringing the financial industry, globally, back to integrity will be a lot of fun. trading platforms will be part of that. If a couple providers begin to set the standard, times will change.
I thought this thread might have had some interest in quality and excellence. as we see it is more about thinking about making money than exploriing how markets work and consequently really pulling down the market's continual off in ANY market, old or new one's coming down the pipe.
What would it be like if unretired got a wake up call and actually saw the markets? It might be fun for him to show to others once he gets on the ball.
