The Market Structure Map
August 6, 2014
Some would argue I should’ve hit him. Only kidding! But let me tell you a story. I was driving yesterday and saw approaching from the left at a good clip on a skateboard some lout on the sidewalk in backward cap and shorts, head down...
July 30, 2014
I’ve made South Dakota jokes – “fly-over state,” “waste of dirt that could have been used making Colorado larger,” etc. Not again. It’s but six hours by car from Denver and we love road trips, so we put a junket to Mount Rushmore on the...
July 23, 2014
What if exchanges stopped paying fast traders to set prices? Oh, you didn’t know? Read on. Off Salt Island in the British Virgins is the wreck of the HMS Rhone, a steamer that sank in an 1867 hurricane. Even if you’re a snorkeler like me...
July 16, 2014
Movie tip: Karen and I took our visiting teenaged nephew to see Edge of Tomorrow, starring Tom Cruise. Hysterically entertaining. Appropriate for teens (scary monsters but no gore), and gripping for adults! There was a 1982 movie called The Scarlet Pimpernel (from the 1905 novel...
July 9, 2014
There’s the old joke about camels. They’re horses designed by a committee. Speaking of committees, for the second time in a month, that august federal legislative chamber the US Senate yesterday convened a hearing on markets. Replacing the Senate Permanent Subcomittee on Investigations was the...
July 2, 2014
Do you remember that movie, The Island? The people who every day hope they’re selected to go to a tropical paradise are unwitting machinery for others. I won’t give it away in case you’ve not seen Scarlett Johansson and Ewan McGregor tearing through the sky...