Don't forget UAVs and other unmanned air systems that can be driven from the comfort of the Air Force base just outside of Las Vegas. No physical presence =! no projection of force.
Yea, because the Cato institute is a bastion of independent and non-partisan fact analysis. Next you'll tell me Gartner provides reports that are impartial and unbiased.
I could definitely imagine those modular, compact sized nuclear reactors that are looking to be built in short order dropped off and wired up in that area. Not like anyone is going to bitch, and I doubt exterior radiation is going to matter much to an automated system (hardened if necessary, of course).
Do you take into account reduced service costs due to extended brake pad/rotor replacement cycles on the Prius? The brakes on a second/third generation Prius are meant to last the lifetime of a vehicle (due to how well the regeneration works). Also, reduced maintenance on the engine, as it doesn't run all the time like a typical ICE does.
You'd have to be away from air traffic to do that these days.
Or have a TFR in place. Bloomington-Normal, IL has a university that is constantly doing atmospheric work with a laser, and they have a standing TFR in place (which doesn't really make it a temporary flight restriction, but I don't file them *shrugs*).
Yes, but it's entirely likely you'd be violating FCC regulations running an unlicensed station, as well as running it at power levels you're not licensed for.
I much prefer an MIT OpenCourseware class (free) on my own time than going and paying a university to sit in a class (or wasting 4 years of your life for a piece of paper for that matter). The US educational system has tried to pass off the idea that you haven't learned anything and can't make it in the professional world without anything less than a bachelors degree, negating the idea that one can learn on their own. THAT is the scam.
The downside is HFT firms siphon capital from markets while providing trivial value. Full stop.
While I don't think anyone is going to be able to stop high frequency trading, they should be taxed at upwards of 90% (vs industries where value is created, like manufacturing and services, who you'd want to tax at a much lower rate).
Fair enough. I think there are what, 300 or so roadsters out in the field at the moment? I have no concerns about anything except the battery pack (electric motors are fairly simple to make reliable, transmissions a bit less so, due to the physical stresses involved). The battery pack *should* last as long as they say it will due to testing and how they baby the pack with charges/discharges. It also helps they have microcontrollers monitoring each individual cell. So, if you disagree with "proven", lets go with "fairly far ahead compared to the competition". The only other company with enough "in the field" electric drivetrain components would be Toyota with their hybrid system (yes, I know it uses an ICE too, but the electrical side has two electric motors, MG1 & MG2, as well as a fairly decent sized NiMH battery pack), and they're partners with Tesla now (since Tesla "paid" $48 million for the California plant GM used to share with Toyota, and Toyota bought $50 million of TSLA stock when they went IPO).
Kevin Croner from Invesco disagrees with you, and I tend to agree with him. The minimal benefits provided by HFT firms is greatly outweighed by the negative effects they have on the market (and I say this as someone who used to trade commodities on the CME).
JOFFE-WALT: This is Steve Rubinow with the New York Stock Exchange, and he says if you want to sell something, you want to buy something, those high-frequency computer are there to sell and buy from you.
Mr. RUBINOW: Which makes for a fairer market for all participants, both the people that are up to their necks in it, and people like you and me as retail customers. Those prices are about as fair as they can be.
JOFFE-WALT: No way, says Kevin Cronin. He works for Invesco. And Cronin is more like what you think of as a regular investor - manages big pension funds and mutual funds. And he says high-frequency computers watch what he does. When he starts to buy, the computers swoop in and start to buy as well, and then sell at a higher price minutes, sometimes even seconds later.
Mr. KEVIN CRONIN (Director, Invesco Global Equity Trading): They dont care about the stocks. All they care about is jumping in front of us and making a penny or two, and doing that millions of times a day.
JOFFE-WALT: That seems annoying to you. But why is that...
Mr. CRONIN: Of course it's annoying.
JOFFE-WALT: Oh, but why is that wrong?
Mr. CRONIN: What are they doing to provide anything in the marketplace other than trying to take the information that our orders give and try to profit themselves?
JOFFE-WALT: Now, high-frequency traders counter that anyone can pay to get access to that information and that speed.
My solution was to leave that sort of organization and start my own tech services firm. I own the place, but all my employees own it with me as well. Also, I get to be hands-on all week on routers, switches, servers, and so forth. Big business sucks.
I think a month is too long. Information moves much too fast for that. Would you want to buy up 100 shares of $COMPANY_X to find out an hour later about some scandal that decimates the stock price and you've got no way to get out of the trade? I think 24 hours would be fine. Buy a stock and don't hold it for 24 hours? Ok. If you attempt to sell it and the price is at or below what you paid for it, you get out for free. Sell before 24 hours and there is a redemption fee equal to 95% of the profit you would've made.
No value creation, transfer of wealth from investors hoping to have some sort of retirement to a small group of firms. Yep. An industry begging to regulated.
I'm in the US and it's the same way. If you're older and not management, folks say "What's wrong with you?" I guess the concept of being a productive, useful person fell by the wayside at some point.
Frequency trading could be fixed quickly. The NASDAQ , the NYSE, and the other exchanges could simply say that if you buy a stock you have to hold it for 24 hours. If you think that's too long, I might agree, but I think we can all agree that no value is added by buying/selling a stock in under a second to make a profit. That money is coming from folks who are long-term investors trying to have some sort of retirement.
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Don't forget UAVs and other unmanned air systems that can be driven from the comfort of the Air Force base just outside of Las Vegas. No physical presence =! no projection of force.
Yea, because the Cato institute is a bastion of independent and non-partisan fact analysis. Next you'll tell me Gartner provides reports that are impartial and unbiased.
Achievement Unlocked: You've just invented the Heisenberg Compensator.
Next step? Transporters.
I could definitely imagine those modular, compact sized nuclear reactors that are looking to be built in short order dropped off and wired up in that area. Not like anyone is going to bitch, and I doubt exterior radiation is going to matter much to an automated system (hardened if necessary, of course).
Do you take into account reduced service costs due to extended brake pad/rotor replacement cycles on the Prius? The brakes on a second/third generation Prius are meant to last the lifetime of a vehicle (due to how well the regeneration works). Also, reduced maintenance on the engine, as it doesn't run all the time like a typical ICE does.
http://www.fcc.gov/eb/broadcast/bcenf.html
You'd have to be away from air traffic to do that these days.
Or have a TFR in place. Bloomington-Normal, IL has a university that is constantly doing atmospheric work with a laser, and they have a standing TFR in place (which doesn't really make it a temporary flight restriction, but I don't file them *shrugs*).
My apologies. My post left out the part that the FCC actually aggressively goes after folks who do this on an ongoing basis.
Yes, but it's entirely likely you'd be violating FCC regulations running an unlicensed station, as well as running it at power levels you're not licensed for.
I'm uploading it to Amazon S3 and using EC2 instances to parse it.
Good luck having your IT security inspect the data within an encrypted tunnel or VPN connection to the outside.
No mention of not being able to use LinkedIn. Awesome.
So I need to spend 4 years and $20k-80k on a degree to be an independent, well rounded thinker? Bullshit.
I much prefer an MIT OpenCourseware class (free) on my own time than going and paying a university to sit in a class (or wasting 4 years of your life for a piece of paper for that matter). The US educational system has tried to pass off the idea that you haven't learned anything and can't make it in the professional world without anything less than a bachelors degree, negating the idea that one can learn on their own. THAT is the scam.
You mean charter schools?
The downside is HFT firms siphon capital from markets while providing trivial value. Full stop.
While I don't think anyone is going to be able to stop high frequency trading, they should be taxed at upwards of 90% (vs industries where value is created, like manufacturing and services, who you'd want to tax at a much lower rate).
Agreed. So what's next? We all pool together enough to buy the NASDAQ and implement this?
Fair enough. I think there are what, 300 or so roadsters out in the field at the moment? I have no concerns about anything except the battery pack (electric motors are fairly simple to make reliable, transmissions a bit less so, due to the physical stresses involved). The battery pack *should* last as long as they say it will due to testing and how they baby the pack with charges/discharges. It also helps they have microcontrollers monitoring each individual cell. So, if you disagree with "proven", lets go with "fairly far ahead compared to the competition". The only other company with enough "in the field" electric drivetrain components would be Toyota with their hybrid system (yes, I know it uses an ICE too, but the electrical side has two electric motors, MG1 & MG2, as well as a fairly decent sized NiMH battery pack), and they're partners with Tesla now (since Tesla "paid" $48 million for the California plant GM used to share with Toyota, and Toyota bought $50 million of TSLA stock when they went IPO).
http://www.npr.org/templates/story/story.php?storyId=127747626
JOFFE-WALT: This is Steve Rubinow with the New York Stock Exchange, and he says if you want to sell something, you want to buy something, those high-frequency computer are there to sell and buy from you.
Mr. RUBINOW: Which makes for a fairer market for all participants, both the people that are up to their necks in it, and people like you and me as retail customers. Those prices are about as fair as they can be.
JOFFE-WALT: No way, says Kevin Cronin. He works for Invesco. And Cronin is more like what you think of as a regular investor - manages big pension funds and mutual funds. And he says high-frequency computers watch what he does. When he starts to buy, the computers swoop in and start to buy as well, and then sell at a higher price minutes, sometimes even seconds later.
Mr. KEVIN CRONIN (Director, Invesco Global Equity Trading): They dont care about the stocks. All they care about is jumping in front of us and making a penny or two, and doing that millions of times a day.
JOFFE-WALT: That seems annoying to you. But why is that...
Mr. CRONIN: Of course it's annoying.
JOFFE-WALT: Oh, but why is that wrong?
Mr. CRONIN: What are they doing to provide anything in the marketplace other than trying to take the information that our orders give and try to profit themselves?
JOFFE-WALT: Now, high-frequency traders counter that anyone can pay to get access to that information and that speed.
Chicago IT industry; I spent a significant time in different consulting houses. Dislike.
My solution was to leave that sort of organization and start my own tech services firm. I own the place, but all my employees own it with me as well. Also, I get to be hands-on all week on routers, switches, servers, and so forth. Big business sucks.
No value creation, transfer of wealth from investors hoping to have some sort of retirement to a small group of firms. Yep. An industry begging to regulated.
I'm in the US and it's the same way. If you're older and not management, folks say "What's wrong with you?" I guess the concept of being a productive, useful person fell by the wayside at some point.
Frequency trading could be fixed quickly. The NASDAQ , the NYSE, and the other exchanges could simply say that if you buy a stock you have to hold it for 24 hours. If you think that's too long, I might agree, but I think we can all agree that no value is added by buying/selling a stock in under a second to make a profit. That money is coming from folks who are long-term investors trying to have some sort of retirement.
$150K in NYC is not the same as $150K in BFE. Cost of living and all that jazz.