Going back to the ‘USA is Exceptional’ meme- yes this is true! But it’s not necessarily a good thing (just like, being positive isn’t always good, for example it’s not good to be HIV positive). USA has the highest per capita prison population – and is exceptional in a number of areas. USA is number one in terms of real GDP, and last in many other terms. One thing that the USA is last in – FX.
Nearly four years after Zero Hedge first suggested an HFT tax should punish algos that “churned” quotes and blasted empty bids and offers to stimulate “momentum ignition ” strategies, and generally corrupt market structure in a way that lead to both the flash crash, the BATS IPO farce, the FaceBook IPO debacle and the Nasdaq 3 […]
The Buffets and the Gates of the US will be shedding a few tears this week as the United States and Switzerland have reached an agreement that brings the status of the latter as a tax haven for Americans (or will they?). No more hiding their cash away in Swiss banks. No more tax avoidance […]