Broken Markets

Author : Saleem Arnuk,Joseph Saluzzi
Publisher : FT Press
Page : 317 pages
File Size : 44,6 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780132875240

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Broken Markets by Saleem Arnuk,Joseph Saluzzi Pdf

The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in "Broken Markets," they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly "why" you're angry, "who" you're angry at, and "what" needs to be done!

Author : Sal Arnuk,Joseph Saluzzi
Publisher : FT Press
Page : 317 pages
File Size : 53,8 Mb
Release : 2012-05-22
Category : Business & Economics
ISBN : 9780132875264

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Broken Markets by Sal Arnuk,Joseph Saluzzi Pdf

The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!

Author : Saleem Arnuk,Joseph Saluzzi
Publisher : Unknown
Page : 0 pages
File Size : 44,9 Mb
Release : 2012
Category : Electronic books
ISBN : 0132875284

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Broken Markets by Saleem Arnuk,Joseph Saluzzi Pdf

The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets , they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!

Author : Kevin Mellyn
Publisher : Apress
Page : 181 pages
File Size : 50,8 Mb
Release : 2012-08-08
Category : Business & Economics
ISBN : 9781430242222

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Broken Markets by Kevin Mellyn Pdf

"I would sleep better if I knew that Bernanke, Geithner, Bachus, Sen. Tim Johnson, Obama and Romney all kept dog-eared copies of Kevin Mellyn's Broken Markets on their nightstands. . . . Mellyn's work is a fascinating, important, and eminently good read and should inform the debate on overhauling the U.S. and global financial regulatory systems and sustainable macro fiscal and monetary policy." --Eric Grover, in his review of Broken Markets in The American Banker Broken Markets allows the intelligent non-specialist to understand and navigate the ongoing worldwide aftermath of the 2008 financial market meltdown. The key theme of the book is how the leading financial institutions and the political leadership of the U.S. and European Union have failed us and set the stage for continued market turmoil. It explains what this means for investors, borrowers, society in general, and the financial-services industry. Former banker Kevin Mellyn focuses on providing readers with clear and simple explanations of the forces at work and the potential consequences for their future prosperity. As this book makes clear, what’s coming is a world in which high structural unemployment and flat or declining real income is likely—not to mention a diminished retirement financial safety net. The book therefore provides actionable information for protecting wealth and making prudent investment decisions in an economy that is nothing like the one that has sustained us for decades. As a forward-looking narrative about rapidly changing events and volatile markets and politics, Broken Markets will provide no single prediction about the future but rather describe alternative scenarios and provide the reader with signposts to watch out for in deciding which reality is actually unfolding. Unlike most books written by journalists on global finance, the scenarios and signposts described will be largely based on the lessons of financial and political history rather than breaking news. This book: Tells you in plain language how today’s financial system threatens your livelihood and wealth Tells you why and how governments worldwide, with some notable exceptions, are taking actions likely to make things worse instead of better Explains how the leading financial institutions lost their way during the bubble years and how they can find the path back to prosperity and value to society Tells you what life will be like in a “post-finance” economy and how you can protect your wealth

Author : Josh Lerner
Publisher : Princeton University Press
Page : 240 pages
File Size : 45,6 Mb
Release : 2012-02-26
Category : Business & Economics
ISBN : 9780691154534

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Boulevard of Broken Dreams by Josh Lerner Pdf

Discussing the complex history of Silicon Valley and other pioneering centres of venture capital, Lerner uncovers the extent of government influence in prompting growth. He examines the public strategies used to advance new ventures and reveals the common flaws undermining far too many programmes.

Author : Noah Raford,Andrew Trabulsi
Publisher : North Atlantic Books
Page : 248 pages
File Size : 40,6 Mb
Release : 2015-05-12
Category : Political Science
ISBN : 9781583949023

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Warlords, Inc. by Noah Raford,Andrew Trabulsi Pdf

Combining path-breaking research and analysis from leading political scientists, advisors to heads of state, and award-winning academics, Warlords, Inc. pulls back the curtain on the secretive world of drug cartels and violent insurgencies, revealing their inner workings and implications for a world driven by unrelenting change and growing political uncertainty. These essays show how, as the complexities of modern geopolitical pressures mount, the world's elaborate but fragile political systems are becoming increasingly vulnerable to breakdown and deliberate disruption. The authors demonstrate that as infrastructures such as IT networks, global supply chains, and financial markets become increasingly volatile, the stability of entire populations hangs in the balance. Warlords, Inc. traces the evolution of forces that are reshaping the future of the geopolitical landscape: Mexican drug cartels, revolts in the Middle East and Africa, military conflicts in Eastern Europe, the growth of slums and street gangs in India, and the proliferation of cyber-attacks and drone warfare. The contributors demonstrate how the underworld of the global economy thrives, how it disrupts and maintains power, and why, looking toward the future, we should all be paying attention. CONTENTS 1. Of Warlords and Rodeos: What Happens When Nothing Works? 2. Social and Economic Collapse: Lessons from History and Complexity 3. Innovation, Deviation and Development: Warlords and Proto-State Provision 4. Sovereignty, Criminal Insurgency, & Drug Cartels: The Rise of a Post-State Society 5. From Patronage Politics to Predatory States:Crime and Governance in Africa 6. Warlord Governance: Transition Towards, or Coexistence with, the State? 7. 5GW: Into the Heart of Darkness 8. Weaponizing Capitalism: The Naxals of India 9. Mexico's Criminal Organizations: Weakness in Their Complexity, Strength in Their Evolution 10. The Politics of a Post-Climate-Change World: Pyongyang, Puntland, or Portland? 11. Bringing the End of War to the Global Badlands 12. The White Hats: A Multitude of Citizens 13. Beyond Survival: A Short Course in Pioneering Responses to Present (and Future) Crises

Author : Derek Moore
Publisher : Emerald Group Publishing
Page : 221 pages
File Size : 47,8 Mb
Release : 2018-02-09
Category : Business & Economics
ISBN : 9781787435544

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Broken Pie Chart by Derek Moore Pdf

Investment outcomes and strategies have changed considerably since 2008. Broken Pie Chart demonstrates the failures of classical diversification and asset allocation, pointing out that the backward-looking methods used by traditional financial professionals will not work moving forward.

Author : James Plunkett
Publisher : Trapeze
Page : 400 pages
File Size : 55,6 Mb
Release : 2022-05-05
Category : Great Britain
ISBN : 1398702196

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End State by James Plunkett Pdf

Author : James F. Dalton,Robert B. Dalton,Eric T. Jones
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 54,6 Mb
Release : 2011-01-11
Category : Business & Economics
ISBN : 1118044649

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Markets in Profile by James F. Dalton,Robert B. Dalton,Eric T. Jones Pdf

Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market's continuing auction process, revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by "rationality" when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market's natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.

Author : Simon R. Frost
Publisher : State University of New York Press
Page : 445 pages
File Size : 50,7 Mb
Release : 2021-05-01
Category : History
ISBN : 9781438483535

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Reading, Wanting, and Broken Economics by Simon R. Frost Pdf

Combining historical study, theorization, and experimental fiction, this book takes commodity culture and book retail around 1900 as the prime example of a market of symbolic goods. With the port of Southampton, England, as his case study, Simon R. Frost reveals how the city's bookshops, with their combinations of libraries, haberdashery, stationery, and books, sustained and were sustained by the dreams of ordinary readers, and how together they created the values powering this market. The goods in this market were symbolic and were not "consumed" but read. Their readings were created between other readers and texts, in happy disobedience to the neoliberal laws of the free market. Today such reader-created social markets comprise much of the world's branded economies, which is why Frost calls for a new understanding of both literary and market values.

Author : Cullen Roche
Publisher : St. Martin's Press
Page : 252 pages
File Size : 48,8 Mb
Release : 2014-07-08
Category : Business & Economics
ISBN : 9781137438065

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Pragmatic Capitalism by Cullen Roche Pdf

Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of emerging markets matter? Why does the world's population affect my portfolio? Does the global monetary system impact my results this year? How does government intervention in markets impact my strategy? In Pragmatic Capitalism, Cullen Roche explores how our global economy works and why it is more important now than ever for investors to understand macroeconomics. Cullen Roche combines his expertise in global macro portfolio management, quantitative risk management, behavioral finance, and monetary theory to explain to readers how macroeconomics works, and provides insights and suggestions for getting the most out of their investment strategies. This book will uncover market myths and explain the rise of macroeconomics and why it impacts the readers' portfolio construction. Pragmatic Capitalism is a must for any sophisticated investor who wants to make the most of their portfolio.

Author : George Cooper
Publisher : Harriman House Limited
Page : 222 pages
File Size : 53,7 Mb
Release : 2014-03-17
Category : Business & Economics
ISBN : 9780857193896

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Money, Blood and Revolution by George Cooper Pdf

Economics is a broken science, living in a kind of Alice in Wonderland state believing in multiple, inconsistent, things at the same time. Prior to the financial crisis, mainstream economics argued simultaneously for small government on taxation, regulation and spending, but big government on monetary policy. After the financial crisis, economics is now arguing for more government spending and for less government spending. The premise of this book is that the internal inconsistencies between economic theories - the apparently unresolvable debates between leading economists and the incoherent policies of our governments - are symptomatic of economics being in a crisis. Specifically, in a scientific crisis. The good news is that, thanks to the work of scientist and philosopher Thomas Kuhn, we know what needs to be done to fix a scientific crisis. Moreover, there are two scientists in particular whose ideas could show how to do this for economics: Charles Darwin, the man who discovered evolution, and William Harvey, doctor to King Charles I and the first man to understand blood flow and the workings of the human heart. In Money, Blood and Revolution, bestselling financial writer George Cooper explains how the ideas of Darwin and Harvey could revolutionise economics, making it more scientific and understandable, and might even reveal the true origin of economic growth and inequality. Taking readers on a gripping tour of scientific revolution, social upheaval and the secrets of money and debt, this is an unmissable read for anyone curious to understand how the world really works - and the amazing future of economics. #autoshambles

Author : Fritz Bartel
Publisher : Harvard University Press
Page : 441 pages
File Size : 48,7 Mb
Release : 2022-08-09
Category : Business & Economics
ISBN : 9780674976788

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The Triumph of Broken Promises by Fritz Bartel Pdf

Communist and capitalist states alike were scarred by the economic shocks of the 1970s. Why did only communist governments fall in their wake? Fritz Bartel argues that Western democracies were insulated by neoliberalism. While austerity was fatal to the legitimacy of communism, democratic politicians could win votes by pushing market discipline.

Author : Haim Bodek
Publisher : Createspace Independent Publishing Platform
Page : 0 pages
File Size : 51,6 Mb
Release : 2013
Category : Business enterprises
ISBN : 1481978357

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The Problem of HFT by Haim Bodek Pdf

This book explores the problem of high frequency trading (HFT) as well as the need for US stock market reform. This collection of previously published and unpublished materials includes the following articles and white papers: The Problem of HFT HFT Scalping Strategies Why HFTs Have an Advantage Electronic Liquidity Strategy HFT - A Systemic Issue Reforming the National Market System NZZ Interview with Haim Bodek TradeTech Interview with Haim Bodek "Modern HFT wasn't a paradigm shift because its innovations brought new efficiencies into the marketplace. HFT was a paradigm shift because its innovations proved that anti-competitive barriers to entry could be erected in the market structure itself to preference one class of market participant above all others"

Author : Gregory Zuckerman
Publisher : Penguin
Page : 401 pages
File Size : 46,6 Mb
Release : 2019-11-05
Category : Business & Economics
ISBN : 9780735217997

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The Man Who Solved the Market by Gregory Zuckerman Pdf

NEW YORK TIMES BESTSELLER Shortlisted for the Financial Times/McKinsey Business Book of the Year Award The unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it. Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit. The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.