Wall Street’s Trading Desks Endure Worst First Half in a Decade

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by jdjntnowln on Saturday July 20, 2019 @07:19AM (#20485170)

Yeah, the market will act on its own when the news is both powerful enough and outside the market’s perception of the central bank’s expectations; i.e. the Fed is “stabilizing” which reduces competition and efficiency.

Moreover, it’s inequitable. The economic instability is what allow upward mobility. The Fed’s stability goal equates to a goal of preserving entrenched wealth from competitive pressures.

[ Parent | on HN ]

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by roenxi on Saturday July 20, 2019 @08:56AM (#20485473)

What the central banks do is profoundly anti-free-market.

'Reduces competition and efficiency' is a phrase that really suffers because it doesn't capture the scale of the problem. For markets to rise on bad news indicates that the entire economic signalling apparatus is being disabled.

The people who think that disabling economic signals is a good idea are actually dangerous. Real wealth cannot be created by optimism and hope. Economies are supposed to purge themselves of idiot capitalists who can't create new wealth.

[ Parent | on HN ]

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by skybrian on Saturday July 20, 2019 @05:28PM (#20488497)

You're making assertions without evidence. Which economic signals aren't working? Seems like some retailers going bankrupt lately are a sign that there is plenty of competition, in some sectors, anyway?

[ Parent | on HN ]

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by anm89 on Saturday July 20, 2019 @06:24PM (#20488719)

We are on an internet forum. What do you want him to do? Get his post peer reviewed?

[ Parent | on HN ]

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by skybrian on Saturday July 20, 2019 @07:02PM (#20488868)

Maybe link to a news article or two?

[ Parent | on HN ]