"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Wednesday, February 26, 2014

Hello Dalai (the Dalai Lama interview)

Beyond money.  A discussion with the spiritual leader on a variety of topics, including money, health and politics.
see: HuffPost
(Comments welcome.  See link below.)

Friday, February 7, 2014

Bouyant Bidders

Auction Sale Breaks Record.  If it looks like a duck, 
and quacks like a duck, it might be inflation.
see video: Sotheby's
(Comments welcome.  See link below.)

Thursday, February 6, 2014

Smokeless Pharmacy

Retail pharmacy stops selling cigarettes.  
see: Not Blowing Smoke
(Comments welcome.  See link below.)

Monday, February 3, 2014

$urreal Currency

What happens in Rio, stays in Rio?
see: Fighting inflation with populist currency
(Comments welcome.  See link below.)
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What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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