September 28, 2012 § Leave a comment
THIS past week in kiwiland..
Top concern I’m hearing is NOT the operational foobahs of intelligence gatherers, but the lack of appropriate arms length between the PM and his ministerial role in/over said agency, and their lawbreakers – for whatever reason serious or slight.
Recalled was advice former PM Lange gave Mr Key at learning the latter’s ambition to become one of his successors — reportedly “don’t do it!” In one’s mind for its wisdom relative a taken role of business executive(aka commercial relations mainly) in respect of consequences arising in a small nation’s democratic state with but unicameral configuration. The PM and his department, in such a case, ought rise to a more stately aspect. Lonely, sure. Out there, sure. BUT importantly, arms length. Trust builder.
Trust me, for if nothing is done to correct the misalignment created I believe by the PM’s immediate predecessor then political damage will result from this least obvious component.
Highway Flyer, Imbali, was through this week. A couple of things from him were..
Thain – former Merrill Lynch boss who shifted to CIT is shopping the group around to possib buyers. Is he out of dougn so badly already?
Jimmy Simons is hitting lights with his oh so laidback couple of mill to Priorities and BO. Better watch out there guys.. 🙂
Friday feed… anybody want IN to the simple english version of HFT debate, try here
Downunder: you have been warned: rim is looking rimless in software for said b/berry apps and affils. Boasting by boost how they are lined up to make 3rd platform in the smarts real soon. put yourself on this wish list could be gone by your very next lunchtime…
September 26, 2012 § Leave a comment
September 7, 2012 § Leave a comment
Too busy for the early takes on Kimalot at RNZ this morning I dialed in post 9am.
A fellow named Toby Man-4-hire (I think, cos like I say the intros flew by me) and lo and behold some author(writer) on about what he termed the Octopus.. and which I’ll opine some Tea Party people will deem the hydra-headed.
Yet the SECRET of which was said to be “front running” traders. Guys alleged with big fast computers able to game the buy/sell process and so enabled ahead of stock movements. Insiders stupid!
Well, do I have some news for him and any listeners to RNZ who heard the above novel gambit.
Front-running is no more nor less than a variation on HFT, or high frequency trading. This is possible stateside because a will and way(players/game) can exist where financial regulation is frowned upon. Or, put another way, self-administered 😉
HFT involves multiple same stock trades on and off parties exchange between private players ( club membership-like ), and not the more usual single trade a day of public exchanges. Resulting in not so much inside track trading as private/public competitive enterprise between like-minded individuals(or parties) and slower large traditional asset-managed investment strategies. HFT units are now established viable hedge fund entities and/or agencies.
Results of this are less exchange trading volumes and fees, and less(lower/no regulation), thusly making for old time risk mandates. Rewards from mainly midsize US company stock trades.
FYI high frequency trading works best for its operators not from stock price gains but from discounting both sides of any trade. When doing the biz 60/24/7 ( some honor a day off and so we could substitute a 6 for the 7 ) this process can truly leverage day takings. Add, shall I, that minimum trades circa $2 millon for main parties is a useful aid to accumulators..
Describing the novel as “gob-smackingly” good had me consider an email to RNZ yet as you see a proper explanation would appear overlong, and perhaps critical of the so-smacked. Nor, In responding, am I to be taken as playing devil’s advocate.
Let us hope this blog gets through, does its job and finally, thanks show producer/presenters for their effort of bringing the fare to their listeners’ table.
September 7, 2012 § Leave a comment
BEFORE SET and MATCH!
I kid you not, for the rights to water as with all due and proper, not forgetting essential supply, would properly accord with the famous Churchillian vision — the further one looks back into history, the further one can see into the future..
Very apropos, believe you me!
So… upon my insert blog last time, I have none less than Tom Norton@Pharma through to tell us the US Rx take on wannabe veep Ryan. He, we are told, is FOR his PATH way. Which comprises a taxpayer funded – in addition of course to previous and actual tax rates/takes – affordability in say Part D of Medicare. Strictly, however, in support of US firm – company/corporation – branded products. Generics are OUT for the likes of this wannabe. US firms don’t need that kind of competition, he might say. To the most agreeable audience at any rate.
Adding up to the don;t tell deal of whichever way they pay those patients – voters, too- shall pay. Yet for the polly its a straight each-way bet. Pay in taxes, pay in prices, or pay in more taxes..
Fascinating. Likely hurdle three in this Season’s hypocrisy hurdling race for the GOP.. and Mitt, and Paul boy.
How are ye..?
Still there..? Hey I am surprised… bet you are, too.
Keep on the good work guys and gals..
Patience is more than a virtue.. is is rewarding..