Comments on: Notes From Underground: Unemployment In the U.S. Was Much Ado About Nothing http://yragharris.com/2012/08/05/nothing/ Where 2+2=5 is also a beautiful thing Sun, 19 May 2013 21:56:18 +0000 hourly 1 http://wordpress.com/ By: yra harris http://yragharris.com/2012/08/05/nothing/#comment-7027 Tue, 07 Aug 2012 10:23:28 +0000 http://yrah53.wordpress.com/?p=1591#comment-7027 Greg B–will think about this as I have long held views about the need for rules on HFT—but the Knight riddle I have to think and read more about.The idea of a spped governor is not new and some exchanges have variations on that theme—I have argued with many that HFT should have to keep their quotes alive for X amount of time but have lost everyone of those arguments when it mattered.But the fact the FLASH CRASH has never been fullly detailed and explained is problematic.

]]> By: Greg B http://yragharris.com/2012/08/05/nothing/#comment-7018 Mon, 06 Aug 2012 20:58:57 +0000 http://yrah53.wordpress.com/?p=1591#comment-7018 Sidetracking here Yra:

How is it possible that Knight traded with flawed software for 45 minutes without someone pulling the plug? Especially on the day new software was being introduced?

As far as implications go, is there any possibility that some sort of speed govener will be put on HFT (ie, orders must be active for at least 1 second) or is that genie too far out of the bottle?

]]> By: asherz http://yragharris.com/2012/08/05/nothing/#comment-7013 Mon, 06 Aug 2012 16:51:23 +0000 http://yrah53.wordpress.com/?p=1591#comment-7013 The BLS number of 163,000 new jobs had the following adjustments.
The BLS added 377,000 jobs as a seasonal adjustment, the highest in at least a decade. The Birth/Death adjustment was 52,000, up from 5000 last July. Ho-hum.
Will whatever Draghi does produce anything more tham a short term effect? Will the sovereign debt problem be moving towards a solution with this latest bailout when it comes?

]]> By: yra http://yragharris.com/2012/08/05/nothing/#comment-7012 Mon, 06 Aug 2012 14:32:16 +0000 http://yrah53.wordpress.com/?p=1591#comment-7012 Stan–we can only work with what the markets allow for.If the markets give the BLS data credibility then who am I to argue—after the initial trade action I will search thru and look for market action that says the headline data is old and the market is on to a new assessment of various global events

]]> By: Stan http://yragharris.com/2012/08/05/nothing/#comment-7011 Mon, 06 Aug 2012 14:26:49 +0000 http://yrah53.wordpress.com/?p=1591#comment-7011 According to the Bureau of Labor Statistics, in June 142,415,000 people had jobs in the United States. In July, that number declined to 142,220,000. That means that 195,000 fewer Americans were working in July than in June.
But somehow that works out to “163,000 new jobs” in July. “
Go figure.

]]> By: Stan http://yragharris.com/2012/08/05/nothing/#comment-7010 Mon, 06 Aug 2012 13:17:57 +0000 http://yrah53.wordpress.com/?p=1591#comment-7010 I’m always left scratching my head when really smart people like Yra quote this bogus BLS fudged numbers — seasonal, non seasonal adjustments etc etc.

]]> By: PBL http://yragharris.com/2012/08/05/nothing/#comment-7007 Mon, 06 Aug 2012 02:20:52 +0000 http://yrah53.wordpress.com/?p=1591#comment-7007 And we all know how MacBeth ends. Ha!!

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