Markets Not Buying Into Central Bank Talk

“Markets are not really buying into what all of these major central banks are talking about.” 

Ben Luk, senior multi asset strategist at State Street Global Markets, discusses market sentiment and Federal Reserve policy. He speaks on Bloomberg Television.

Fractured markets: the big threats to the financial system - FT Film

Interest rates are rising; easy money is over; the cracks are showing. UK pensions were the first big explosion. FT experts and financial industry insiders examine where the next big threats to the global financial system lie and explain why when the tide goes out, we can see who is swimming naked.

How It Happened: The 2008 Financial Crisis - Warren Buffett

Warren E. Buffett is an American investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.

"Most People Have No Idea What Is Coming..." - Charlie Munger's WARNING

Charlie Munger warns investors of what’s ahead for the markets. He says, the trouble that’s coming could be worse and harder to fix than what was experienced during Volcker’s era that ended up with a huge recession. Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charles T. Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, the psychology of wealthy people, rationality, and life experience.

What are today's biggest business risks?

The world can be a dangerous place. The only certainty that there is is that change happens constantly.

Businesses, as well are faced by rapidly changing environments and the associated risks that they need to adapt to. These can range from supply chain issues because of transport problems or conflicts, to disruptions caused by natural disasters.

Almost 3,000 risk management experts were surveyed for the Allianz Risk Barometer, and the results reflect the top 10 business risks that leaders must watch out for in 2021.

Get the low-down HERE.

Brexit and the City - How Brexit is affecting London’ position and status

The fortunes of financial centers may swing less wildly than the markets they host, but swing they do. Brexit has robbed the City of London, the capital’s financial district, of much of its swagger. World-conquering ambition has given way to anxious defensiveness.

When the post-Brexit transition period ends and Britain leaves the single market on December 31st, British-registered financial firms will lose the “passporting” rights that have long allowed them to sell funds, debt, advice or insurance to clients across the EU unimpeded, as if they were domestic.

Read the full article HERE

Merrill Lynch fined $20 million by UK regulator for reporting failures

From Reuters -

“Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds ($20 million) for failing to report transactions properly over seven years.

The Financial Conduct Authority (FCA) said on Wednesday that Bank of America's Merrill Lynch International arm incorrectly reported 35 million transactions and failed to report another 121,387 transactions between November 2007 and November 2014.

Accurate and timely reporting of transactions was crucial for spotting insider trading and market manipulation, the FCA said.

The record fine for reporting failures reflected the severity of the misconduct and a failure to adequately address the root causes over several years despite substantial guidance from the regulator and a poor history of transaction reporting compliance, it added.”

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Money Examiners Finds High Frequency Trading Should Be Outlawed

From PRWeb

“High Frequency Trading on Wall Street should be outlawed, a new MoneyExaminers.com poll has found. The practice allows professional traders to have a big advantage trading stocks over smaller investors.

A huge majority of respondents say high frequency trading on Wall Street should be outlawed, according to a new poll just released by http://www.MoneyExaminers.com, the innovative financial news website that follows the money for consumers and analyzes financial markets and issues.

In fact, 70% of those surveyed said they feel high frequency trading should be outlawed. Algorithms written by computer scientists clearly provide major investment firms advantages trading stocks on Wall Street over and above average stock buyers. News reports and information that reach the traders equipped with high frequency trading are able to make trades faster and make more money on stocks.

High frequency trading accounts for more than 80% of all trades on a daily basis alone on the New York Stock Exchange, where fast trading has previously caused regulators to halt trading on some stocks as a result. ‘

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Triple whammy hits bitcoin price

From Finextra

“Bitcoin's price has plummeted by around 20% after exchange MT Gox temporarily suspended withdrawals, Apple kicked a popular wallet off of its App Store and Russia outlawed the crypto-currency.”

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What It Looks Like When A High Frequency Trading Algo Bombs A Stock With Fake Quotes

“To buy a stock you must quote the right price. The "right" price is known as the National Best Bid and Offer (NBBO) and is determined, of course, by the market's demand for a stock.

Quote the right price, and you can buy. It's as simple as that. Until it's not.”

Nanex, a Chicago-based market research firm, has produced a chart that illustrates what can stand in a trader's way when they're trying to quote the right price

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