%% Good points,HelpMe+ it was not just the speed[new faces ,new culture to fast]I hope + pray you are right on the latter, you are certainly right on the former.Tally-ho................................
Which is why people without a demonstrable work experience within finance or an economics degree shouldn't be allowed to vote on political parties proposing insane tax/regulation laws. People in the UK (and i suspect most countries) are so unhappy with.. im not sure what, but they are unhappy.. will vote for anything that sounds nice. Not anything that will work. Labour also proposing a land value tax. That will increase most people's council tax about 400% and wipe out the property market in the south east.. another one of the UK economy's golden geese. Insane, sorry off topic probably. Rant over.
Somewhat related, Theresa May recently proposed a complete ban on encryption (never let a terrorist attack go to waste). Totally unworkable and impossible like many financial "fixes".
Funny how more government and more "solutions" invariably leads to more problems. But seems like a one way street to more complexity. Its relatively easy to write a new law compared to scrapping one.
%% Best solution is have Doug Kass send that''small T tax'' to Treasury, his trades.We dont want any more tax , increases- the bear trend is doing well with out any more taxes/tariffs. And the 5 +/page debate on HFT, 5 page magazine article , HFT won the debate. Modern Trader mag i think it was. And dont believe all you read in WSJ about mad market machines..... Every trading machine has been programmed by a human . But it makes a fun scary read for some to read, as if mindless robots selling out of control....... LOL
Agree. How come no one complains about buy programs on the way up? It's only when markets are going down that the general public blames computers.
A new proposal coming to tax us out of existence. https://www.vox.com/policy-and-poli...schatz-financial-transaction-tax-stock-market
The thread that will not die. God bless the taxes? I'll keep banging on about it until we rebel against it in a revolution. It has been tried before, with success.