Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/speculative trading

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

Open e-mail to Joe Gagnon

…nominal interest rates are at the lower bound. I think that “trading among private agents could dry up, degrading liquidity and price discovery ” really means that profits of financial…

Guess who wrote this op-ed??

…From now on, laws that apply to the private sector must apply to Congress, including whistleblower, conflict-of-interest and insider-trading laws. Trading on nonpublic government information should be illegal both for…

Is the House Trying to Encourage Criminal Activity?

…website notes: Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States….

DeLong, Krugman and Risk Aversion

…I have to Brad’s analysis in general. He is explaining the market price but not explaining trading volume. Trading volume in MBS based CDOs is very very low (markets have…

Economics of contempt on CDS

…own the underlying bonds. Banning naked CDS would kill the liquidity that has made the CDS market so useful. Without speculators providing liquidity by trading naked CDS, legitimate hedgers would…