Comments on: Nine posts in one http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: kaylabi http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-36080 Thu, 16 Feb 2012 17:14:59 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-36080 Golden Networking has created an instructional DVD for executives and professionals in high frequency trading, entitled, “The Speed Traders Workshop 2012”. This 4-disc DVD set walks professionals and non-professionals through the main issues, challenges and opportunities practitioners face to consistently capture alpha using fast computers. The DVD uses non-mathematical terminology and provides insights to successfully implementing speed trading while avoiding minefields. It is the ideal reference for professionals in the world of alternative investments. Visit http://bit.ly/znIl3E for more information

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By: tmc http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-35082 Tue, 17 Jan 2012 10:55:41 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-35082 Goldman Sachs should be declared an enemy of the state. It truly is.

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By: Aesthete http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-35018 Sun, 15 Jan 2012 22:12:39 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-35018 Felix, I love this multi-link post style. Please continue to do it.

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By: TFF http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-35013 Sun, 15 Jan 2012 14:39:30 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-35013 That article on “middle class hunger” bothers me, for so many reasons!

(1) It is poor research, poor writing. There is only the faintest hint of the methodology used to support those claims. Some of the charts (such as Figure IV) aren’t even labeled!

(2) The sponsoring agency has a clear agenda (to increase their influence). Unsurprisingly, the report supports that agenda. You might as well link to articles sponsored by Big Oil that deny global warming.

(3) Money is perfectly fungible. Thus any budgetary issue impacts ALL areas of the budget. There were years that a budget squeeze at my school left us short of paper by the end of the year. Would it make sense for me to write, “School struggles with the cost of paper?” (Just to be clear, the cost of paper was NOT the problem. It was a broader purchasing freeze, triggered by shortfalls elsewhere in the budget.) I don’t deny that many families, in NYC and elsewhere, are struggling with their finances. Yet this article appears to attribute this specifically to food — with no mention of their other costs. It would be equally accurate, if not quite as sympathetic, to write “Middle class would rather splurge on smartphones and cable TV than eat.”

(4) The article is rife with silly suggestions. Commenting on data that many families are cutting back on meat and dairy, they write “These figures are of immediate concern, because the protein contained in meat, poultry, and fish provides amino acids that assist in building and preserving body muscle and tissues.” Except there is a huge problem with drawing that connection — your typical American diet includes literally twice as much protein as is required for “building and preserving body muscle and tissues”. Cutting back on meat/dairy consumption will typically *improve* diet quality, not *reduce* it.

(5) According to this article, “In 2011, almost two in five New York City residents (38 percent) purchased less food in order to save food or money.” And apparently things were even worse in 2007. Has half the population been starving themselves for the past five years? Look around you on the subway some day and use your common sense! I’m not sure what these statistics mean — I’m sure they mean SOMETHING. But they clearly don’t mean what they pretend to mean.

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By: maynardGkeynes http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-34997 Sat, 14 Jan 2012 06:00:37 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-34997 I guess the price of the crab salad at Zabar’s has finally reached the breaking point.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-34994 Sat, 14 Jan 2012 03:14:29 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-34994 Europe and Greece don’t know why they are desperately trying to avoid triggering $4 bln of CDS in a $400 billion market. So how could they explain it to Landon Thomas?

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By: boroo http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-34991 Fri, 13 Jan 2012 23:47:17 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-34991 Felix, why not eliminate all taxes and replace them with a tax on ALL financial transactions? From sales, to services, to Wall St. It seems that the value of the volumes traded on the stock exchanges, commodities exchanges, currency exchanges, etc. would permit the overall rate to be very low. This would have the added benefit of stripping Congress of much of its power.

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By: TFF http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-34990 Fri, 13 Jan 2012 22:19:33 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-34990 Food for a family of four costs perhaps $7k/year (including meat, fish, and plenty of vegetables, assuming a moderate effort to eat “in season”). Anything you spend beyond that is for convenience — not for the food itself.

“All too often we treat stock-market liquidity as an obviously good thing, when in fact that isn’t the case at all.”

Haven’t I been saying that for a couple years already? HFT trading provides worthless liquidity when it isn’t needed, and withdraws that liquidity when it WOULD be needed. Minimal societal value to that.

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By: realist50 http://blogs.reuters.com/felix-salmon/2012/01/13/nine-posts-in-one/comment-page-1/#comment-34989 Fri, 13 Jan 2012 21:47:27 +0000 http://blogs.reuters.com/felix-salmon/?p=11869#comment-34989 Even allowing for the high cost of living in New York City, I cannot believe that 16% of NYC households making over $75k per year are having difficulty affording food. I can believe that, within the context of an overall budget, these people are deciding to economize by cooking at home instead of going to a restaurant, or buying generic products rather than branded products, or buying chicken instead of beef. That’s akin to me saying that I’m having difficulty affording food because eating at a high-end steakhouse every night is unaffordable.

I’d like to see the detailed breakdown of spending by these households, and in particular how much is spent on discretionary entertainment items, from cable subscriptions to vacations to bar tabs. I don’t know what a survey question like this tells us, other than that an advocacy group designed this question to obtain a high number of affirmative answers, and that people’s revealed preferences (through spending) vary from their stated preferences for a variety of reasons.

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