Home > Daily Reading on the Financial Markets, Financial Ponzi, investing > Daily Reading on the Financial Markets: 8/2/12

Daily Reading on the Financial Markets: 8/2/12

From Rolling Stone, a frightful look at climate change and a sobering reminder of how the global energy complex demands we remain on our present course.

At Testosterone Pit, Wolf Richter says there are no functional miracle weapons available to fight Europe’s debt crisis.

Zero Hedge breaks down yesterday morning’s madness at Knight Capital.

Matt Taibbi at Rolling Stone references a study that suggest 20% of public companies mis-state earnings.

Advertisements
  1. August 2, 2012 at 9:41 am

    I know the boys over at Zerohedge are dumping on Knight, but that is someone’s business that just imploded. It may be algo error or it may be malicious hack. Either way, blowing up a market maker doesn’t ultimately benefit anyone.

    • August 2, 2012 at 11:06 am

      I totally agree. Although it speaks volumes about the broken nature of our market that algos (or a hack) can wreak such havoc.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: