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