honestly, most people's daily lives are impacted far more by the commodities markets and the debt markets (the latter of which dont even occur on exchanges) than the stock market.
surely, surely there is a way to model markets, where you can decide how many members are speculating vs how many are there for some non-speculative purpose?
what about game theory? what about video games with in-game markets?
though. Soviet Russia was one of it's biggest customers, with Nazi Germany and FDR's New Deal America (think social security on punch cards) being other major consumers.
Leah McGrath Goodman just wrote a book about the history of Nymex, which is a commodities exchange as opposed to a stock exchange. She says that oil traders have been emailing her telling her that price discovery has recently broken down in the oil market (which went electronic circa 2006).
congrats, you just invented the latest shitty financial insurance product for JP Morgan to cram into bundles and sell as a "solid investment" to widows and orphans.
you can get everything you just stated from a human based 'open outcry' (people yelling) market. you get liquidity and you get 'price discovery' and you get efficiency (the price gap closing).
Leah McGrath Goodman, who wrote a book about Nymex, just posted on her blog a while back that oil traders have been emailing her telling her that 'price discovery' has broken down on the modern electronic oil market. In her book, she quotes a lot of traders saying that they believe that the anonymous nature of electronic markets allows gigantic investors like hedge funds and big banks to manipulate prices.
Nymex went electronic in 2006 - since then we've had the two biggest oil spikes in history. correlation is not causation, but its the first step to proving it.
i like your post very much... but i just read 'The Asylum' by Leah McGrath Goodman.
if the CFTC describe in her book is anything like the SEC... punishment is sometimes kind of random. guys doing awful things get no punishment, and guys doing minor things get sent to Riker's Island for years. its kind of weird.
i would love to see some more evidence that you can provide though?
anyone remember back in the day? when this new mosaic thing was the hot product ? and some thing called 'netscape' your buddy down the hall had on his weirdo 'linux box'?
did anyone think back then, that we would have to listen to this corporate bullshit? stock price and quarterly earnings? this is what we built the internet for? so we could listen to investment bankers yell at people about ad revenue?
what they are saying is that the government shouldn't be able to order computers without windows pre-installed, because this enables piracy, therefore you shouldn't be able to order computers without windows pre-installed.
that argument wouldn't pass any jury on the planet.
Afrique du Sud - Cape Town - GLF Africa, le 11 Julliet 2006,
EN LA PRESENCE ET EN QUALITE DE TEMOIN:
M. Bill GATES Chairman & Chief Software Architect, Microsoft Corporation
POUR LES PARTIES CONTRACTANTES
M Kate SHALLOE Microsoft Ireland Operations Limited
POUR MICROSOFT
Director General Microsoft Tunisie
POUR LE GOUVERNEMENT DE LA REPUBLIQUE TUNISIENNE
Secretaire d'Etat aupres du Ministre des Techonlogies de la Communication chargee de l'Informatique, de l'Internet et des Logiciels libres
----
unless you believe that the fhimt.com people fabricated an 18 page contract in French and Arabic... i'd say that Mr Gates has his name right there, same contract that talks about sending Tunisian government Cert Authority with IE updates.
" US companies selling quality products cannot compete on a price basis. Microsoft gave the example of PC procurement, in which the GOT procurement commission does not specify an operating system in their RFPs. This results in the PCs being shipped with the Linux,s open source operating system, which does not support Microsoft software. The Microsoft representative argued that this has encouraged piracy and resulted in GOT PCs using pirated Microsoft software. She continued that the fact that the EU Commission and the African Development Bank accept these GOT procurement laws only encourages the GOT to maintain government procurement on a lowest cost basis. "
in other words, not shipping Windows with a PC = piracy
then there is the whole Tunisian Certificate Authority being put into Internet Explorer updates thing (which should have been the real story IMHO)
China and Russia could sell all their fannie and freddie bonds, and all their tresaury bonds, and the US would collapse overnight. move off the dollar as a world reserve currency, and it would undergo mass inflation like argentina a few years back.
obama's DOJ is too busy going after journalists and 'leakers'
(Stephen Kim, Jeffrey Sterling, Shamai Leibowitz, Thomas Drake, Bradley Manning)
In fact, Bradley Manning is quite probably being charged specifically with giving out this cable, as it is probably one of the 100,000+ he is charged with under the Computer Fraud and Abuse Act and Theft of Government Property laws.
in essence... the government we have now would allow Microsoft to break this law, but they would put the guy in jail who let you know that it happened.
and I'm not just talking about manning, im talking about the Cambridge associates who are under Grand Juries right now.
Support de l'autorité de certification électronique reconnue au niveau de Microsoft IE
Microsoft inclura dans son cycle de mise à jour des autorités de certificats au niveau d'Internet Explorer, le support de l'autorité de certification nationale. De son coté, le Gouvernement Tunisien procédera à une demande écrite dans ce sense auprès de Microsoft pour la mise en place de cette procédure
google translation:
Support for electronic certification authority recognized at Microsoft IE
Microsoft will include in its cycle of updating the certificate authorities in Internet Explorer, support for the national certification authority. For its part, the Tunisian Government will make a written request in this sense to Microsoft's implementation of this procedure.
English translation:
Tunisia's certificate authority allows it to release it's own SSL certificates. Microsoft agrees to include Tunisia's CA certificates in Internet Explorer updates.
Thats fine. But it also allows the dictator to spoof https sites and thus snoop on people even if they are using SSL. There is evidence that exactly this has happened in Tunisia with sites like gmail. See
most fixed gear cycling is hipsters who are following a fashion trend. the courier profession is dying, and track competitions are highly specialized racing events that used 'fixed gear' because of their arcane rule system (which also, by the way, bans recumbents).
Slashdot Mirror
before spouting off you 'suspect' and 'guess', how about gathering some evidence?
uhm.
how shall i say this politely.
you are a victim of an educational system that has not allowed you to discover the basic, fundamental truths of the world you live in.
honestly, most people's daily lives are impacted far more by the commodities markets and the debt markets (the latter of which dont even occur on exchanges) than the stock market.
surely, surely there is a way to model markets, where you can decide how many members are speculating vs how many are there for some non-speculative purpose?
what about game theory? what about video games with in-game markets?
though. Soviet Russia was one of it's biggest customers, with Nazi Germany and FDR's New Deal America (think social security on punch cards) being other major consumers.
Leah McGrath Goodman just wrote a book about the history of Nymex, which is a commodities exchange as opposed to a stock exchange. She says that oil traders have been emailing her telling her that price discovery has recently broken down in the oil market (which went electronic circa 2006).
i dont eat IBM stock for dinner, but I eat corn and soybeans.
congrats, you just invented the latest shitty financial insurance product for JP Morgan to cram into bundles and sell as a "solid investment" to widows and orphans.
you can get everything you just stated from a human based 'open outcry' (people yelling) market. you get liquidity and you get 'price discovery' and you get efficiency (the price gap closing).
Leah McGrath Goodman, who wrote a book about Nymex, just posted on her blog a while back that oil traders have been emailing her telling her that 'price discovery' has broken down on the modern electronic oil market. In her book, she quotes a lot of traders saying that they believe that the anonymous nature of electronic markets allows gigantic investors like hedge funds and big banks to manipulate prices.
Nymex went electronic in 2006 - since then we've had the two biggest oil spikes in history. correlation is not causation, but its the first step to proving it.
and most modern games are elaborate plays on addiction biology. world of warcraft being the prime example.
not the good games. like when i was a kid. get off my lawn.
oh.... then you are now prosecutable under RICO. congratulations.
these are exactly the laws taht Bradley Manning, and the unnamed Cambridge Associates are being charged under. the Computer Fraud and Abuse Act.
it reminds the masses that they too can partake of the fabulous wealth that comes from being a slashdot submitter.
not only will your hair become full and lush, your abs spontaneously pectate, the chicks will dig you!
or if you are gay, the guys.
whatever. you get the idea.
i like your post very much... but i just read 'The Asylum' by Leah McGrath Goodman.
if the CFTC describe in her book is anything like the SEC... punishment is sometimes kind of random. guys doing awful things get no punishment, and guys doing minor things get sent to Riker's Island for years. its kind of weird.
i would love to see some more evidence that you can provide though?
anyone remember back in the day? when this new mosaic thing was the hot product ? and some thing called 'netscape' your buddy down the hall had on his weirdo 'linux box'?
did anyone think back then, that we would have to listen to this corporate bullshit? stock price and quarterly earnings? this is what we built the internet for? so we could listen to investment bankers yell at people about ad revenue?
should have been 'blaring fucking klaxons' too but the SEC did, basically, nothing.
same for Bernie Madoff
same for the Credit Derivative Product Companies
same for the Auction Rate Securities
same for the Monoline insurance companies
same for alot of things.
Someone pinch me, am I dreaming? Surely something must be wrong....
what they are saying is that the government shouldn't be able to order computers without windows pre-installed, because this enables piracy, therefore you shouldn't be able to order computers without windows pre-installed.
that argument wouldn't pass any jury on the planet.
http://www.fhimt.com/leaks/contrat-entre-microsoft-et-le-gouvernement-tunisien/
Afrique du Sud - Cape Town - GLF Africa, le 11 Julliet 2006,
EN LA PRESENCE ET EN QUALITE DE TEMOIN:
M. Bill GATES
Chairman & Chief Software Architect, Microsoft Corporation
POUR LES PARTIES CONTRACTANTES
M Kate SHALLOE
Microsoft Ireland Operations Limited
POUR MICROSOFT
Director General Microsoft Tunisie
POUR LE GOUVERNEMENT DE LA REPUBLIQUE TUNISIENNE
Secretaire d'Etat aupres du Ministre des Techonlogies de la Communication chargee de l'Informatique, de l'Internet et des Logiciels libres
----
unless you believe that the fhimt.com people fabricated an 18 page contract in French and Arabic... i'd say that Mr Gates has his name right there, same contract that talks about sending Tunisian government Cert Authority with IE updates.
http://www.cablegatesearch.net/cable.php?id=07TUNIS1286&q=linux
"
US companies selling quality products cannot compete on a
price basis. Microsoft gave the example of PC procurement,
in which the GOT procurement commission does not specify an
operating system in their RFPs. This results in the PCs
being shipped with the Linux,s open source operating system,
which does not support Microsoft software. The Microsoft
representative argued that this has encouraged piracy and
resulted in GOT PCs using pirated Microsoft software. She
continued that the fact that the EU Commission and the
African Development Bank accept these GOT procurement laws
only encourages the GOT to maintain government procurement on
a lowest cost basis.
"
in other words, not shipping Windows with a PC = piracy
then there is the whole Tunisian Certificate Authority being put into Internet Explorer updates thing (which should have been the real story IMHO)
go through the cables at http://www.cablegatesearch.net/
type in something interesting like 'microsoft' or 'cisco'
find some interesting ones
submit a slashdot story on it ....?
profit!
China and Russia could sell all their fannie and freddie bonds, and all their tresaury bonds, and the US would collapse overnight.
move off the dollar as a world reserve currency, and it would undergo mass inflation like argentina a few years back.
obama's DOJ is too busy going after journalists and 'leakers'
(Stephen Kim, Jeffrey Sterling, Shamai Leibowitz, Thomas Drake, Bradley Manning)
In fact, Bradley Manning is quite probably being charged specifically with giving out this cable, as it is probably one of the 100,000+ he is charged with under the Computer Fraud and Abuse Act and Theft of Government Property laws.
in essence... the government we have now would allow Microsoft to break this law, but they would put the guy in jail who let you know that it happened.
and I'm not just talking about manning, im talking about the Cambridge associates who are under Grand Juries right now.
http://www.fhimt.com/leaks/contrat-entre-microsoft-et-le-gouvernement-tunisien/
Support de l'autorité de certification électronique reconnue au niveau de Microsoft IE
Microsoft inclura dans son cycle de mise à jour des autorités de certificats au niveau d'Internet Explorer, le support de l'autorité de certification nationale. De son coté, le Gouvernement Tunisien procédera à une demande écrite dans ce sense auprès de Microsoft pour la mise en place de cette procédure
google translation:
Support for electronic certification authority recognized at Microsoft IE
Microsoft will include in its cycle of updating the certificate authorities in Internet Explorer, support for the national certification authority. For its part, the Tunisian Government will make a written request in this sense to
Microsoft's implementation of this procedure.
English translation:
Tunisia's certificate authority allows it to release it's own SSL certificates. Microsoft agrees to include Tunisia's CA certificates in Internet Explorer updates.
Thats fine. But it also allows the dictator to spoof https sites and thus snoop on people even if they are using SSL. There is evidence that exactly this has happened in Tunisia with sites like gmail. See
http://advocacy.globalvoicesonline.org/2010/07/05/mass-gmail-phishing-in-tunisia/
I know there is a lot of bullshit assumptions in some of the articles on this issue, but there is definitely some fire at the heart of the smoke.
most fixed gear cycling is hipsters who are following a fashion trend. the courier profession is dying, and track competitions are highly specialized racing events that used 'fixed gear' because of their arcane rule system (which also, by the way, bans recumbents).
yup. just about like TeX users.
... im trying to google around a little bit to write one, but im frankly exhausted.