Leaked to whom?
You want to know why Chinese stocks bounced today? The Chinese government outlawed the selling of stocks for many people and just stopped trading for over half of listings.
That my friends is crony craziness on a massive scale. A Chinese scale.
High frequency trading has changed the investing world, fundamentally. If you do not write algorithms, if you do not benefit from the super dark high frequency trading system, you are on the outs.
This comes to us from a Facebook friend. A brief but harrowing tale of pride before a fall in the commodities market. Real capitalism makes one pay for one’s mistakes.
I made this video almost 4 years ago now and just stumbled across it again. It definitely deserves a re-post. The Liberty and Economics Review was my blog before AgainstCronyCapitalism.org became what it is today, in case you were wondering.
Some thoughts from the always interesting, sometimes unduly inflammatory, often prescient Max Keiser, on making markets.