Archive | economy RSS feed for this section

U.S. Proposes Ban on Flash Trading on Wall Street

By on September 18, 2009 in economy

The NY Times article is saying that The S.E.C. on Thursday proposed banning what are known as flash orders, which use powerful computers to glimpse at investors’ orders. The practice is often associated with a controversial corner of finance called high-frequency trading, which has grown, largely hidden from view, into a potent force in the [...]

Comments { 0 }

Canada’s Oil Sands Conundrum

By on September 15, 2009 in economy, Environment

There is a new not totally unbiased review of the impact of the Athabasca Oil Sands on climate and Alberta’s economy. You can download it here. We all know that the technology is polluting and wastes too much natural gas but what bothers me is as stated in the report. As a consequence, the governments [...]

Comments { 0 }

Economic forecasting nonsense

By on August 8, 2009 in economy

I first posted this on August 2 and now I’ve added more on the High Frequency Trading Programs at the end of this post. We are heading for recovery Canada’s recovery in sight, report says No wait, we are not Canada’s economy contracts sharply in May and there is a Record number on unemployment And [...]

Comments { 0 }

What Caused the Financial Crisis

By on March 6, 2009 in economy

The following from Thomas Friedman pretty well sums up how we got the financial crisis. This problem is more complicated than anything you can imagine. We are coming off a 20-year credit binge. As a country, too many of us stopped making money by making “stuff” and started making money from money – consumers making [...]

Comments { 0 }