This was going to be the year. Remember the predictions of 3% economic growth? More recently, the consensus was 1.2% growth for the most recent quarter. It turns out, though,…
The Economic Recovery That No One Noticed
The average recovery since the end of World War II has been 58 months. The current “recovery” has just reached that milestone. So maybe we should be celebrating. But what’s…
The Fed Goes Long
Few investors today would consider investing in long-term Treasury bonds. The yield curve, which measures the spread between interest rates for short-term and long-term bonds, is not as flat as…
Shining a Light on Dark Pools
“Unless there are some changes, there’s going to be a massive crash, a flash crash times ten.” …
Good Market Rigging vs. Bad Market Rigging
“The markets are rigged. … These firms make their money by front-running trades. They’re using their speed advantage to buy shares first and then selling them back at a higher…