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Apr 1, 2014
via Breakingviews

High-speed traders just latest market rent-seekers

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By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

High-speed traders are just the latest to earn opprobrium as market rent-seekers. In his new book “Flash Boys,” Michael Lewis claims they are rigging U.S. equity markets. Even Goldman Sachs Chief Operating Officer Gary Cohn acknowledges concerns. New rules, taxes or structures could reduce the high-frequency traders’ unfair advantages.

Apr 1, 2014
via Breakingviews

High-speed traders just latest market rent-seekers

Photo

By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

High-speed traders are just the latest to earn opprobrium as market rent-seekers. In his new book “Flash Boys,” Michael Lewis claims they are rigging U.S. equity markets. Even Goldman Sachs Chief Operating Officer Gary Cohn acknowledges concerns. New rules, taxes or structures could reduce the high-frequency traders’ unfair advantages.

Mar 28, 2014
via Breakingviews

Review: Moneyball flaws can be found in finance

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Moneyball flaws can be found in finance. “The Sabermetric Revolution,” a new book just in time for the start of the Major League Baseball season on March 30, debunks some of the numerical craze sweeping the sport. Two Smith College professors expose how many of the statistics rely on poor measurement, dodgy theory and over-extrapolating small data sets. Even good metrics tend to get arbitraged quickly. Just like on Wall Street.

Mar 28, 2014
via Breakingviews

Review: Moneyball flaws can be found in finance

Photo

By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Moneyball flaws can be found in finance. “The Sabermetric Revolution,” a new book just in time for the start of the Major League Baseball season on March 30, debunks some of the numerical craze sweeping the sport. Two Smith College professors expose how many of the statistics rely on poor measurement, dodgy theory and over-extrapolating small data sets. Even good metrics tend to get arbitraged quickly. Just like on Wall Street.

Mar 21, 2014
via Breakingviews

Can regulating prostitution like a business work?

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Would regulating prostitution like a business be a good idea? A landmark study commissioned by the U.S. Department of Justice raises that age-old, vexing question. What emerges from the analysis of the commercial sex trade in eight American cities is an industry with mostly willing buyer/willing seller transactions, albeit with highly coercive management – suggesting that though prostitution may always be immoral it might be less damaging if legal.

Mar 21, 2014
via Breakingviews

Can regulating prostitution like a business work?

Photo

By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Would regulating prostitution like a business be a good idea? A landmark study commissioned by the U.S. Department of Justice raises that age-old, vexing question. What emerges from the analysis of the commercial sex trade in eight American cities is an industry with mostly willing buyer/willing seller transactions, albeit with highly coercive management – suggesting that though prostitution may always be immoral it might be less damaging if legal.

Mar 21, 2014
via Breakingviews

Review: A world of reasons for the dollar to crash

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

In “The Death of Money,” author James Rickards sees a world of reasons for the dollar to crash and the world monetary system to collapse. The greenback does indeed have dangerous adversaries, from China to al Qaeda. However, Rickards lets the Federal Reserve and budget deficits off too lightly as generators of trouble, and his solutions would cause yet more havoc.

Mar 21, 2014
via Breakingviews

Review: A world of reasons for the dollar to crash

Photo

By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

In “The Death of Money,” author James Rickards sees a world of reasons for the dollar to crash and the world monetary system to collapse. The greenback does indeed have dangerous adversaries, from China to al Qaeda. However, Rickards lets the Federal Reserve and budget deficits off too lightly as generators of trouble, and his solutions would cause yet more havoc.

Mar 3, 2014
via Breakingviews

U.S. is minimum-wage laggard given its prosperity

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By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

America is a minimum-wage laggard – at least relative to its economic prosperity. With Washington considering a higher pay floor and Peru’s prime minister losing his job over the issue, a Breakingviews analysis shows that minimum wages as a percentage of local income levels are still low in the United States and, for instance, in neighboring Mexico.

Mar 3, 2014
via Breakingviews

U.S. is minimum-wage laggard given its prosperity

Photo

By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

America is a minimum-wage laggard – at least relative to its economic prosperity. With Washington considering a higher pay floor and Peru’s prime minister losing his job over the issue, a Breakingviews analysis shows that minimum wages as a percentage of local income levels are still low in the United States and, for instance, in neighboring Mexico.

    • About Martin

      "Martin Hutchinson is a Reuters Breakingviews columnist and writes about emerging markets, particularly in Latin America, and monetary and macroeconomic issues. He is a former merchant/investment banker with 27 years of experience."
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