Tag: financial reform
Island Investing: Volatile Markets
Q. What’s with all this volatility in the market lately? A. It’s been a strange, tough few weeks in the stock market. From the crisis in Greece to the Gulf oil spill and the bizarre 1,000 point “flash crash” in the Dow, there are plenty of reasons the market seems uncertain. Take inflation. Two months […]
Island Investing: High Frequency Trading
Q. What is high frequency trading? A. Five years ago, if you asked me to name two arcane financial subjects that I’d probably never hear discussed in a diner in the Keys, I’d have said ‘credit default swaps’ and ‘trading algorithms.’ During lunch at Mangrove Mike’s in Islamorada a year ago, however, I first overheard […]
Island Investing: Goldman Sachs
My column today from the best little newspaper south of Jewfish Creek, the Keys Weekly. Q. What exactly did Goldman Sachs do to get into such trouble? A. Late last week, the country’s premier investment bank Goldman Sachs was accused of securities fraud in a civil suit filed by the Securities and Exchange Commission. The […]