It’s not surprising that I don’t know anyone who owns a Tesla, given that total sales since the company was founded in 2003 barely top 200,000 vehicles (and all but…
Rates Rising, Yet Bond Buying Sets Record
Rising interest rates, higher inflation and tighter monetary policy should be bad news for bonds. Yet investors have been buying record volumes of new bonds. Highly rated U.S. companies issued…
The Fed Thinks Higher Prices Are Good For You
The Federal Reserve Board’s quantitative easing program was an unprecedented monetary experiment that dumped trillions of dollars of new money into the economy. Historically, adding that much money to the…
RIP High-Frequency Trading?
“It’s like a perfect storm. The cheats are going away, the volatility is going down and the costs are going up.” Haim Bodek, former head of electronic volatility trading, UBS AG…