Tag Archives: Capital Markets

Flash Boys: A Wall Street Revolt, by Michael Lewis

For 300 million dollars, your web browser could receive this post three milliseconds faster I’ve just finished reading Flash Boys: A Wall Street Revolt by Michael Lewis, an exposé on the rampant parasitism at the core of the U.S. stock … Continue reading

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Parmesan Cheese As Loan Collateral

Keep bringing the Parmesan until the banker says stop From the BBC:  Italian producers bank on cheese After the hard work of making Parmesan cheese, Italian producers need to wait for two years of ageing before it’s ready for market.  In the … Continue reading

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Knight’s Pleas for a Do-Over Thankfully Fell on Deaf Ears

From the WSJ:  SEC Nixed Knight’s Plea for a Do-Over From a policy perspective, what’s the best response if a market participant’s computer software goes awry and places a flurry of unintended orders?  Should they have the right to retroactively … Continue reading

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Sovereign Bond Yields and the 7% Solution

From the NYT:  Spanish Borrowing Costs Surge, Reviving Worries About Euro Zone Yields on 10-year Spanish government bonds rose to 7.03 percent. Many analysts believe that such rates would make Spain’s finances unsustainable in the medium term. It seems to … Continue reading

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More on the LIBOR Scandal

Eliot Spitzer on why manipulating the LIBOR has such serious consequences: Also, a good summary and discussion on Reddit.

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Barclays and Lying About Interest Rates

From the NYT:  Barclays Not Alone in Making Claims on Rate, Diamond Says Market prices reveal useful information, and the negotiated interest rate at which others will loan to you signals their confidence in your repayment ability.  Barclays recognized the … Continue reading

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