Month: April 2014

Recently I stopped at the US Marine Corp War Memorial in Washington DC. Walking around the base with its lengthy list of Marine engagements since 1775, now a double row on several sides, I thought, “How many of these can faithfully be considered to be in defence of the homeland? --->> read more -->>

The new book, Flash Boys, by Michael Lewis has reignited the discussion of how our financial markets are rigged by high frequency trading. From my 2012 note:  To turn back to HFTs, why do we need this kind of transaction? How do they contribute to economic growth? These activities are --->> read more -->>