Archives: Tweets
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“In the absence of evidence that increased trading led to either better prices or better risk sharing,”
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“Foreign exchange trading volumes are more than 200 times larger today than in 1977.”
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@semanticwill booked – the day is yours
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@semanticwill just tell me when and where to be 😉
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“the technological development of the past 40 years should have disproportionately increased efficiency in the finance industry.”
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“…and the electricity and automobile revolutions was more efficient than the current finance industry.”
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“the finance industry that sustained the expansion of railroads, steel and chemical industries…”
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“…while financial debt exceeds non-financial corporate debt for the first time.”
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“Household debt exceeds 100% of GDP for the first time in history”
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“Trading costs have decreased, but I find no evidence that increased liquidity has led to better …prices or to more