Photo credit: @julesdwit.
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Felix Salmon, finance blogger for Reuters, discusses the sale of the New York Stock Exchange to the German company Deutsche Börse Group and why he thinks the stock market is quickly becoming irrelevant.
Don't forget dark pools: http://en.wikipedia.org/wiki/Dark_liquidityThat's where the big fish trade.
Again, concerning Bernard Madoff's sudden memory shift, as I recall in the news, an investigative report(s) was filed calling attention to Mr. Madoff's questionable business practices some time before this ponzi scheme was ever publicly revealed. I don't remember the name of the investigator, but I do recall his claim that after he filed his report, his superior(s) in charge took no action. Who ? &Why was that ?
Won't WNYC post the comment I submitted earlier afternoon...? Why, at this time, the all-stock merger between NYSE & Deutsche Borse..? Considering this merger is being driven by risk management, & a complex market in derivatives, in what way, if any, do the laws governing financial transactions differ between the U.S. & DL? & As for Bernard Madoff's sudden memory shift in the light of his son's suicide (murder?), claiming that some "un-named banks & hedge funds" were well aware of his methods & creative accounting...What is anyone to say...?"The rats...The rats begin to chew the sheets...The rats..."John Adams, NIXON IN CHINA
This audio link is for the wrong segment - it's the food segment, not the NYSE segment. Please correct.
Last guest sounded exactly like MICK JAGGER!!
This is getting annoying. Please stop asking this gut to translate ridiculous sentences.
the friday before the superbowl, the huge american flag was replaced by a huge pepsi co flag. they gave snacks to traders and rang the closing bellhttp://www.nyse.com/events/1296731501208.html
hjs11211 -- I seriously doubt the Germans are planning to take over our amber waves of grain, which is unfortunate since they brew such good beer and have handgun regulation.
this is just another case of the sellout of the USA. All it represents is an opportunity for the old men on the board to cash out on a 200 year old institution. Nothing new to see here as the "me" generation sells off things that took many generations to build.
can we finally take down that tacky american flag on the stock exchange? its an awesome looking building.
Who cares who owns what. Remember the brouhaha over the Japanese buying Rockefeller Center in the 1980s? Big deal.
Good idea, may be the Germans can fire "Printing Press" Bernanke and control world wide inflation.
Mike they might have. still and all see the tables turn when u plan for the longer term
Should central trade-floors actually turn out to become irrelevant in the age of electronic trade, I guess the German phrase to memorize will be "Dumm gelaufen." (tough luck)
Well, Germany did all the right things, while the US did all the wrong things over the last few decades, and so the results are in. The Gemans never said "Computer chips or potato chips; what's the difference?" They maintained the high technical level of their educational system, and of their work force. They implemented many alternative energy programs. Their companies have learned how to accommodate an aging work force, whose wisdom and talents they value and who they don't merely chuck aside. Germany looks out for Germans, and that is why they are today doing better than ever.
Hazah!Kent Brockman has made his way to NPR.
hjs11211 -- Germany paid off their Marshall Plan debt to us long ago.
schadenfreude it means. thanks for your marshal plan. now we’ll buy pieces of your empire at yard sale rates bit by bit.
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