Capitalism and Its Discontents

[Mr. Perfect]

Capitalism and Liberty allows plebes to become something more than plebes. I come from the poorest of the poor in America, and can tell you it sucks and there is nothing romantic about it. Socialism would have condemned me to the chains of hopeless poverty.

[manolo]

Capitalism and Liberty allows plebes to become something more than plebes. I come from the poorest of the poor in America, and can tell you it sucks and there is nothing romantic about it. Socialism would have condemned me to the chains of hopeless poverty.

Mr P,

Socialism provided me with three uni degrees at the taxpayers expense, a decent income in the public sector, free healthcare, climbing the property ladder courtesy of local authority development grants and - - No debts on the way!

In retirement, socialism comes up with a fat pension (extra to the private pension), free bus travel (not that I need it), subsidised winter fuel, subsidised dental, free medical prescriptions, opthalmic services, etc etc. Best of all, we are in the top quartile of family incomes and none of these benefits are means tested.

Nice and easy.

Alex.

[Heracleum Persicum]

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Yul Brynner

The additional compliance costs for companies to ensure that Americans they hire are filing the correct U.S. tax returns and asset-declaration forms are $7,000 per person, according to Ledvina. The U.S. accounting costs for individuals opting for expatriation are typically about $4,000 per year, he said.

[Mr. Perfect]

Mr P,

Socialism provided me with three uni degrees at the taxpayers expense, a decent income in the public sector, free healthcare, climbing the property ladder courtesy of local authority development grants and - - No debts on the way!

Except the debts that the public acquired. Except those debts.

In retirement, socialism comes up with a fat pension (extra to the private pension), free bus travel (not that I need it), subsidised winter fuel, subsidised dental, free medical prescriptions, opthalmic services, etc etc. Best of all, we are in the top quartile of family incomes and none of these benefits are means tested.

Nice and easy.

Alex.

Except all the debts. Except those. And the lower of standard of living for everyone compared to America.

So if I wanted a lower standard of living and a bankrupt government I imagine there are many European countries to choose from.

[Doc]

Capitalism and Liberty allows plebes to become something more than plebes. I come from the poorest of the poor in America, and can tell you it sucks and there is nothing romantic about it. Socialism would have condemned me to the chains of hopeless poverty.

Mr P,

Socialism provided me with three uni degrees at the taxpayers expense, a decent income in the public sector, free healthcare, climbing the property ladder courtesy of local authority development grants and - - No debts on the way!

In retirement, socialism comes up with a fat pension (extra to the private pension), free bus travel (not that I need it), subsidised winter fuel, subsidised dental, free medical prescriptions, opthalmic services, etc etc. Best of all, we are in the top quartile of family incomes and none of these benefits are means tested.

Nice and easy.

Alex.

So how come everyone in Britain doesn't get three free college degrees at taxpayer expense, free homes, a decent income in the public sector, and free government healthcare, then be completely debt free?

[Typhoon]

HBR - Flash Boys | High Frequency Trading and Finance’s Race to Irrelevance

[Mr. Perfect]

I'm amazed the commitment people have to anti-intellectualism among the anti hft community. An unquenchable thirst for ignorance.

[Endovelico]

[Typhoon]

I'm amazed the commitment people have to anti-intellectualism among the anti hft community. An unquenchable thirst for ignorance.

You may say so, but that does not make it so without a supporting argument.

[Parodite]

Love this one , thanks

[Mr. Perfect]

I'm amazed the commitment people have to anti-intellectualism among the anti hft community. An unquenchable thirst for ignorance.

You may say so, but that does not make it so without a supporting argument.

Actually anti-hft haven't even presented an argument yet. So blather without a supporting argument can be dismissed as blather.

[Parodite]

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[Typhoon]

I'm amazed the commitment people have to anti-intellectualism among the anti hft community. An unquenchable thirst for ignorance.

You may say so, but that does not make it so without a supporting argument.

Actually anti-hft haven't even presented an argument yet. So blather without a supporting argument can be dismissed as blather.

Nothing if not unconvincing.

[Mr. Perfect]

If you can find a single coherent complaint against hft that can be backed up by any evidence let me know, in the meantime I will continue to enjoy the cheapest fastest trading available in my lifetime while others cower in fear and hide from imaginary dragons.

Since most of you have no idea what I am talking about, in 1994-1996 a $50 stock would trade at 50 by 50 1/2, and it would take up to 30 minutes to fill the trade.

In 2014 a $50 stock trades at 50 by 50.04, and fills are essentially instant, measured I believe in microseconds. Now I know anti hfters still have no idea what I am talking about, but that is the nature of the anti hfter. They common denominator is they understand nothing about trading.

Lowest cost trading of all time is somehow a ripoff. Beam me up Scotty.

[Parodite]

Mr. P., nothing too personal, but you are a typical free loader. Hft like many other financial trickery and chicanery is just what it is: punching little and bigger holes in the economy of real value and collect the honey produced by others.

Don't get me wrong, I have no moral objections. We all eat and be eaten one day and in the end are precious indispensable part of the bigger ecology.

Your deceptions and claims to the contrary are also very natural. Deception, feeding on others are part of natural life. God created every nut and bolt for good reason I suppose.

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[Mr. Perfect]

Mr. P., nothing too personal, but you are a typical free loader. Hft like many other financial trickery and chicanery is just what it is: punching little and bigger holes in the economy of real value and collect the honey produced by others.

How so. Provide real examples and explanations. Also write a paragraph in your own words explaining what hft is.

And please address the bolded. How is making trading almost free (rock bottom spreads and $10 or less commissioned trades) "punching holes in the economy or real value".

How is making trading more expensive for the retail investor by increasing profit margins for trading houses good for the economy.

Don't get me wrong, I have no moral objections. We all eat and be eaten one day and in the end are precious indispensable part of the bigger ecology.

Your deceptions and claims to the contrary are also very natural. Deception, feeding on others are part of natural life. God created every nut and bolt for good reason I suppose.

Citation needed. Point out one example of deception from me or retract your statement.

[Parodite]

Mr. P., nothing too personal, but you are a typical free loader. Hft like many other financial trickery and chicanery is just what it is: punching little and bigger holes in the economy of real value and collect the honey produced by others.

How so. Provide real examples and explanations. Also write a paragraph in your own words explaining what hft is.

And please address the bolded. How is making trading almost free (rock bottom spreads and $10 or less commissioned trades) "punching holes in the economy or real value".

How is making trading more expensive for the retail investor by increasing profit margins for trading houses good for the economy.

Don't get me wrong, I have no moral objections. We all eat and be eaten one day and in the end are precious indispensable part of the bigger ecology.

Your deceptions and claims to the contrary are also very natural. Deception, feeding on others are part of natural life. God created every nut and bolt for good reason I suppose.

Citation needed. Point out one example of deception from me or retract your statement.

See the article Typhoon linked. It's your turn to respond with informed detail.

[Mr. Perfect]

A) I did, and it did not provide one specific real life example of something wrong with hft.

B) I do not do copy/paste debate, it is simply a tactic to bog somebody down. I do not debate with linked articles. If however you think the article has specific real life example of something wrong with hft and I missed it, please copy that part, and be prepared to argue that point yourself in your own words, or provide specific text from someone else instead of linking offsite articles I have to dig through.

C) If you guys can't make the argument just say so and I'll make your argument for you, but just a heads up I will be able to beat that one also.

Please write in your own words what you think hft is and what specifically you think is wrong with it.

Provide an example of me saying anything deceptive or retract your statement.

[Parodite]

Mr. P. Your assignment for today:

1. Explain how HFT adds liquidity to the markets
2. Explain how without HFT there would be less liquidity
3. Explain how HFT is beneficial to others next to its backers

What makes you think that HFT is anything but a race against time where computers compete for getting information nano-seconds earlier? Knowing things before others do... means making money. Has nothing to do with trading stocks not even with trading business risk. Doesn't add any liquidity, just drains the systems of some nice money into the pockets of the small free loader. Doesn't do big harm to the system nor is it costly to the bigger players. Stealing a few cents from a enough many others still means a considerable amount of bounty for each free loading leech.

Again, don't get me wrong. Leeches are also part of the ecology. They live and want to survive for their own good reasons. All species do it, they just have their own specialism and yours happens to be what it is. No need to feel bad about it.

[Mr. Perfect]

I asked you first. To reiterate the questions that you must answer, to prove that you would even understand what anyone would say on the topic, you must first:

1) In your own words describe what hft is.
2) Explain just one real world example of something wrong with it
3) Point out one example of deception on my part, or retract your statement.

Remember, I asked you first. Answer these simple question then I will answer anything you want. Because it appears you desperately need answers.

Remember, I asked you first. You don't get to ask questions until you answer mine.

BTW I have answered your questions, many, many, many, many times already, which leads me to believe none of you actually understand anything about this, and just respond based on ideological hysteria when your minders tell you to do so.

Your middle paragraph illustrates that you actually have no idea what hft is and therefore have no basis to criticize it or even comment on it one way or the other. But I'll give you a go anyway.

[Parodite]

Mr. P., I must have overlooked where you explained HFT many many many times, its workings and how society benefits from it. Sh*t happens, I'm sorry. I will keep my opinion for HFT as basically the activity of self-serving leeches but will not go into a discussion with you on your terms; as modest and reasoned as they are.

Instead, I suggest you just provide a link where somebody who agrees with you debunks and rebuts all arguments of the manic anti-HFT crowd in a clean, rational, non-emotional, in depth, informed and factual way - i.e. without that rather strong stench of puke poo and pee that escapes from your private toilet here.

[Heracleum Persicum]

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SPIEGEL Interview with Hillary Clinton

SPIEGEL: The average annual income of an American household is $22,296 (€16,397). You earn up to $200,000 an hour for a speech. Can you understand if people are bothered by that ?

This ain't "capitalism" .. CRONYISM is the name of the game


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[Mr. Perfect]

In other words, as I expected, you could not even formulate one sentence answering any of my questions. So I expect a retraction from you concerning deceptive comments coming from me. Of course I made no deceptive comments and so your accusation is a false charge, for which I expect a retraction.

So P, I want you to think long and hard on this, but ask yourself a question, why do you have such strong feelings about a subject you know nothing about. Please think about that for me.

Mr. P., I must have overlooked where you explained HFT many many many times, its workings and how society benefits from it. Sh*t happens, I'm sorry. I will keep my opinion for HFT as basically the activity of self-serving leeches but will not go into a discussion with you on your terms; as modest and reasoned as they are.

But as we are illustrating you wouldn't know if this was the case one way or the other.

Instead, I suggest you just provide a link where somebody who agrees with you debunks and rebuts all arguments of the manic anti-HFT crowd

But this is the problem with the anti-hft crowd, they have yet to make a single argument. All they say is say "HFT IS BAD OOGAHH BOOGAHH!!!" Which is not an argument. I've yet to meet an anti-hfter who even knows what it is, let alone who can make an argument against it.

in a clean, rational, non-emotional, in depth, informed and factual way - i.e. without that rather strong stench of puke poo and pee that escapes from your private toilet here.

A bit of projection in there, but basically hft has produced the cheapest fastest most stable trading in world history. Which is not a surprise when you understand how it works.

Why you would ever go back to slower more expensive less stable trading is beyond me, but you must have your reasons. I'm all ears.

[YMix]

Parodite post moved to Hell. Less foul language, more arguments, people.

[Parodite]

Parodite post moved to Hell. Less foul language, more arguments, people.

Sure