SEC as is the case with most regulatory agencies, is trying to create more rules to prevent the 1000 point crash that happened on Thursday.From the bureaucrat’s point of view it makes sense .You create more rules which implies a bigger turf for you to play on. They have not figured out what caused the […]
Markets are dropping like a rock. Went down more than 4% in less than a minute.Seemed like that the whole financial system was unravelling. The European problem that has been festering over the last 2 weeks suddenly seemed to hit the market in full force and weight.Euro is dropping like its a sub-Saharan currency while […]
One of my pet theories is that they we see a lot of distortions and oppurtunities for arbitrage is because labor is not globalized while capital and trade are . When capital and goods/services with some restrictions can move freely around the globe , there are innumerable restrictions on movement of labor leading to outsourcing. […]
To stem the stock market rout,the Greek Authorities have banned short selling as if that will resolve their economic and associated stock market problems.Does nothing but introduce regulatory uncertainties on top of others From MarketWatch Greek regulator bans short-selling for two months The Hellenic Capital Market Commission said Wednesday it has banned the short-selling of […]
The Copenhagen Conference on Climate Change turned out to be a dud despite the huge media hype and hoopla . But despite indifferent support of climate by world governments , investments in climate change by private sector has increased by leaps and bounds despite the slowdown brought on by the financial crisis.Both wind and solar […]