Market Structure Insights
April 23, 2014
“People are getting screwed because they can’t imagine a microsecond.” Well, how about $1 trillion? Can we imagine that? If you want context for the quote, read Michael Lewis’s book, Flash Boys (No. 1 now in NY Times nonfiction). Equally relevant and lost in the...
April 16, 2014
Suppose the engine of your vehicle was on fire. The logical response would be to shut it off. But what if you were traveling at highway speed and killing the fuel supply meant you had no power breaks or steering? What if your vehicle was...
April 9, 2014
It’s all in the recovery. That’s the philosophy put forth by a friend of mine for dealing with unpleasant facts. I think the chief reason for the recent swoon in stocks was not anemia in the job market but a sort of investor outrage. You...
April 2, 2014
I don’t skateboard. But the title of Michael Lewis’s new book on high-speed trading, Flash Boys, made me think Lewis could’ve called it DC-town & Flash Boys. Legendary skateboarder Stacy Peralta directed the 2001 documentary Dogtown & Z-boys chronicling the meteoric rise of a craze...
March 26, 2014
March 19, 2014
Is you is, or is you ain’t, my constituents? If you know cinema’s Coen Brothers and the epically hilarious 2000 movie “O Brother, Where Art Thou,” you’re smiling. You remember the scene, the southern accent. In geopolitics, a sweeping referendum last weekend reunited Crimea with...