82 replies to this topic

[Barbones]

How Bad Was It? The Costs and Consequences

of the 2007ñ09 Financial Crisis

 

The 2007/09 Önancial crisis was associated with a huge loss of economic output and Önancial wealth, psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other signiÖcant costs.

 

Assuming the Önancial crisis is to blame for these associated ills, an estimate of its cost is needed to weigh against the cost of policies intended to prevent similar episodes. We

conservatively estimate that 40 to 90 percent of one yearís output ($6 trillion to $14 trillion, the equivalent of $50,000 to $120,000 for every U.S. household) was foregone due to the 2007ñ09 recession.

 

 

http://dallasfed.org...f/staff1301.pdf

Edited by Barbones, 01 August 2013 - 01:14 AM.

[Barbones]

[Cityzen]

China is taking a leap forward to control world currency

http://rt.com/op-edg...d-currency-707/
 

[Cityzen]

http://www.bbc.co.uk...siness-24767239

 

Royal Bank of Scotland (RBS) has suspended two traders in connection to a growing investigation into the possible manipulation of foreign exchange rates.

[Barbones]

FX Traders Facing Extinction as Computers Replace Humans[/size]
 
A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders.
Electronic dealing, which accounted for 66 percent of all currency transactions in 2013 and 20 percent in 2001, will increase to 76 percent within five years, according to Aite Group LLC, a Boston-based consulting firm that reviewed Bank for International Settlements data. About 81 percent of spot trading -- the buying and selling of currency for immediate delivery -- will be electronic by 2018, Aite said.

 

http://www.bloomberg...ace-humans.html

Edited by Barbones, 18 February 2014 - 01:35 PM.

[Barbones]

Business Wire Halts Direct Feeds to High-Speed Traders

 

Business Wire, the distributor of press releases owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), will stop letting high-speed trading firms purchase direct access to its service.

 

The move was welcomed by New York Attorney General Eric Schneiderman. It’s “a tremendous victory for our effort to eliminate advance trading on market-moving information and a demonstration of Business Wire’s commitment to being a responsible industry leader,” he said in a statement.

 

http://www.bloomberg...traders-1-.html

[Barbones]

Declawing Speed Traders Is Goal of Stock Market Revamp Proposal

 

The only way to mitigate the negative effects of high-speed traders is to redesign a key part of how financial markets operate, according to the University of Chicago’s Eric Budish.

 

http://www.bloomberg...p-proposal.html

[Barbones]

What the Ukraine crisis means for markets Monday

 

The prospect of the U.S., the European Union and Russia edging ever closer to blows – diplomatic or otherwise -- over the situation in Ukraine looks increasingly real.

It is now the "biggest geopolitical risk event in some years," Tina Fordham, senior global political analyst at Citi, told CNBC.com.

 

http://www.cnbc.com/id/101458523

[Barbones]

Ukraine Tells Russia Invasion Means War as Putin Makes Plans

 

http://www.bloomberg...n-approval.html

 

Dupa cum evolueaza situatia azi ... e c-am groasa saptamana ce vine, plus start de luna, ECB Joi. Banii la "pusculita", Frankul sa traiasca!

Edited by Barbones, 02 March 2014 - 04:50 PM.

[Criodi]

Un short pe rubla a pus careva? N-am un chart la indemana la ora asta, dar s-ar putea ca USDRUB sa deschida mult mai sus fata de acel ~36 la care a inchis vineri. Conform WSJ, unele banci ofera si pana la 40 de dolari pe rubla.

 

"We don't have foreign cash, the last was taken five minutes ago. Now we are only buying foreign currencies but not selling," said an operator at an exchange office in Moscow.

 

Russia's largest lender, Sberbank, moved its the dollar rate to 38.50 rubles on Sunday.

 

Following Sberbank's example, many other banks raised their conversion rates on Sunday. Sovinkombank was offering to sell the dollar for 40 rubles, Creditbank's rate stood at 39.5 rubles per dollar, while Obrazovanie bank was ready to sell cash at 39.05 rubles per dollar.

Edited by Criodi, 03 March 2014 - 02:58 AM.