Market Structure Insights
October 8, 2014
I remember the day my elementary school friend pierced his ear. By accident. We were nine-year-olds fishing eastern Oregon’s Burnt River on my dad’s cattle ranch. Young John gave his line a mighty cast. We awaited the expected kerplunk in the water. Nothing. Assuming he’d...
October 1, 2014
Autumn the past two weeks splashed brilliantly over the Colorado Front Range. It puts everything into perspective. I recall as a kid my mother saying in retort to my reason for some dunderheaded act, “You did it because ‘everybody else was doing it?’” Investor-relations professionals...
September 24, 2014
Humans are often entertained by illustrations of absurdity through reality. For instance, Treasury Secretary Jack Lew months ago said he’d like to address tax inversions but lacked authority. Yesterday, Treasury imposed rules to limit inversions. My reading of Section Two of the U.S. Constitution reveals...
September 17, 2014
We figured if The President goes there it must be nice. Reality often dashes great expectations but not so with Martha’s Vineyard where we marked our wedding anniversary. From Aquinnah’s white cliffs to windy Katama Beach, through Oak Bluffs (on bikes) to the shingled elegance...
September 10, 2014
Amazed. Dazed. Perhaps needing a drink. Thus shown the faces of investor-relations practitioners at yesterday’s NIRI Southwest Regional Conference as Rajeev Ranjan from the Chicago Federal Reserve Bank put up his final slide and pronounced it a graphical representation of market microstructure. It appeared to...
September 3, 2014
Facebook collaborated with two respected universities to study your emotional responses when shown different kinds of news. Without your knowledge. We learned in June, you might recall, that Cornell, the University of California at San Francisco and Facebook delved into the doings and feelings of...