High Frequency Trading, “Dark Pools”, and Large Energy Price Shocks (read: war in the Gulf)

About 32 percent of all stock trades in the US stock markets are being done “off market” in “dark pools” and other confidential “trading platforms”. Trading on well-known markets such as the New York Stock Exchange and NASDAQ has been… Continue Reading  

Shadow Banking and War with Iran

Shadow banks may control about 25 to 30 percent of the world’s financial system. They may be about 50 percent of all banking assets in the world. I say may in both of those sentences because it is hard to… Continue Reading