2763 posts • joined 5 Jul 2007
Re: What's wrong: "Flash boys"
Readers reviews on the Amazon page for that masterpiece are even more interesting.
Re: Speculation @Mage
You win, Mage. Can't beat Dragons, you know...
Re: Conservation of value.. @Ledswinger
I think we are, I'm afraid...
Re: Conservation of value..
"All cash money 'made' by the city and the finance 'industry' is taken directly from someone elses pocket."
It would have been true if the economy was a zero-sum game, which it isn't...
"Bollocks. Speculation is part of the bubble process and in the medium term destroys liquidity by funnelling money out of the system and into the pockets of a tiny number of aristocrats who can then live the rest of their lives without contributing anything to the economy, as can their kids."
Bollocks to you, Sir. You have responded with some wild assortment of unsubstantiated ideological slogans at the level of instinctive class-based animosity. Messrs Marx or Lenin would have chewed your "argument" to pieces and spat it out in 2 seconds. :-)
"HFT is a violation of that principle, because some players have the information before others and thus can react before others. As a consequence, economic theory states that we should be better off without them."
When you make a trade that action by itself provides information to the market. It's no different in the case of HFT.
When it buys it moves the market up, when it sells it moves it down. When it buys and sells in one market it narrows the bid/offer spread there, when it buys and sells across different markets it equalises the prices between those markets. That is the function of arbitrage which is necessary for efficient markets. Please note that it is not an opinion, it's axiomatic.
Continuing the thermodynamics analogy, you can consider HFT as a conductor between 2 systems isolated from each other (either temporally or spatially), which allows them to achieve equilibrium according to the 2nd law.
One can argue if HFT is a particularly efficient implementation of this mechanism or is manual market-making somehow a better choice. On the face of it, HFT looks more efficient and the fact that it is squeezing out traditional market-making also suggests the same.
The money that you lament HFT is apparently charging the markets for providing that function has also been charged before, except the total cost with manual market-making must necessarily have been higher for the markets than with HFT.
The big difference is that the HFT has entered the public imagination on the crest of the FUD wave and the "machines are taking over the world" hysteria, while the exchange locals were largely unknown outside the trading world and the public largely did not even know of their existence.
Re: Speculation @Don Jefe
I don't know. In my post I only addressed the issue of speculation per se. I did not talk about HFT at all. I don't think the OP did either (although [s]he seems to object to the use of the Hubble Space Telescope for some reason).
HFT is not speculation but rather an arbitrage process, so this aspect of the discussion is moot anyway.
"if there are other ways of achieving it other than having high tech parasites sucking a bit of money each time they exploit a price difference, we should be using it"
Are you hoping for some kind of economic perpetual motion? A work done at no cost?
That will violate the 1st and 2nd laws of thermodynamics, don't you think?
You obviously don't have any idea of what are you talking. It's like saying that HDDs in computers are parasitic because all they do is making a whirring noise and making a light blink.
Speculation is taking a risk (that is the definition), therefore, speculators are buying risk from those who want to reduce theirs. In doing so they automatically bring information to the market, assisting in price discovery. All of that also means that they create liquidity which makes markets more efficient and less costly for other participants.
Oh, dear. I was going to keep out of this discussion but I just could not resist...
1. He was bribed by Russia
No, he was bribed by other Ukrainians. Incidentally, by those who are now supporting the "interim" government and those who have been appointed by that government to rule over cities and regions as the payback for that support (read on recent appointments of key cities' mayors).
2. He led innocent political rivals captive on fake charges
If you are talking about that woman - her treatment was harsh, unnecessarily so, but she is no innocent Cinderella. When she was released and paraded in front of the "Maidan" protesters the crowd shouted for her to "go back to her prison". No one wants to touch her with a barge pole.
3. He sold his country to Russia allegiance and servitude
He did not sell his country to Russia, his country has been dependent on Russian subsidies from the moment it left the USSR. Ukraine is not in Russian "servitude", there is very little of cross-ownership between Russian and Ukrainian businesses. Russia was spending billions every year (in soft loans and heavily discounted gas) to prop-up otherwise bankrupt Ukrainian economy in the hope of not letting it dissolve in a civil strife.
In retrospect, it would have probably been better if Russia just let the Ukraine go completely bust and then rebuild itself from the ruins but it takes a bold politician to allow a bomb the size of Ukraine to go off next to his own country's borders.
This is something, though, that the EU will now have on their borders, because they either have to step in where Russia withdrew and finance the Ukraine's economic black hole or push for reforms, which will make average Ukrainian long for the good old times, at least for several years. In a country as divided as it is, there will likely be a bloodbath in the process.
And, yes, Putin will not rush to make it any easier for the West, if it comes to that.
Re: GOOD! @Vladimir Plouzhnikov
OED!? Oh, yeah, you can always trust that lot to put a French word directly into an English dictionary!
Re: GOOD! @Voland
Ahem, "Tartare" is a dish of minced raw meat which is called a "steak" so as not to frighten uninitiated customers. The sauce is called "Tartar". And it's all tatar to me...
It is the monster, caught on camera just after it has swallowed the boat.
No, they just take a long and winding road...
Re: Pasta, pasta, beans, pasta, pasta, pasta, beans and pasta
"It's far easier on £30 a month up-front than when given a £1 a day. That's a typical 'poverty trap' of having to live for the day"
Thankfully, a solution is at hand! Get a payday loan! Only 2,000% APR!
If you can't repay - get a new loan and repay the old! Easy!
If you still can't repay - we will break your legs
Re: having to take a teapot to work
"I haven't yet found another tea that I like more for every day (although I've been trying different ones for the last 6 months or so)."
Try Keemun or Russian
tarakan, sorry Caravan.
Won't fit into the pound-a-day budget, though, I think...
New virally spreading prank
"Brick your friend's mobile"
They did - 20p per Mb, if downloaded via 3G. You can set the maximum charge limit and it won't let you use 3G to DL a file exceeding the limit.
That's one seriously botched preflight!
Meanwhile, the Playmonaut urgently feels the need to check his insurance cover...
That may work for the music you like.
The music I prefer has to be listened to.
Re: Four words ...
Are you rejecting the Revealing Science of God? You. Mister.
"after painting the rims of your
CDs DVDs Blu-rays black with the most exquisite black marker on the planet"
Hahahah! You've been conned - everyone knows you should use a green marker!
This thing does not really do anything that DVD-A or even DVD-V couldn't already do, only tangles it in some extra layer of DRM probably (with all this vouchers stuff).
This is an attempt to prop up a failed format (the failure being self-inflicted).
On the audio side - I personally prefer 2.0 stereo to any multi-channel gimmicks, but that's just me...
So, the camera lenses didn't become frosted on the way up and only got external condensation on them going through the lower clouds on the way down?
Presumably, that will be even less of an issue in Spain.
P.S. Baconur, eh? I Salyut you.
Re: I'm used to abstracts actually *telling* me what the reports about.
I can't believe they will go manually through every possible combination.
With normal alloys you usually step through enough points to identify the key transitions and then draw a phase diagram by interpolation. You can then roughly predict properties of specific alloys by placing them on the diagram.
For metallic glass they use additional analytics to predict Glass Forming Range, which presumably can then be tested with a few additional data points...
Re: @ Vladimir Plouzhnikov
Er, Tom? Easy on that bourbon, mate...
Re: Dropbox drops the ball. @JLV
"the USSR was an entirely different beast."
I am not going to defend any of the atrocities you used as your examples, nor am I going to defend or proclaim the moral superiority of the USSR ideology and/or its social and economic system - that would simply be naive.
However, you should not equate the USSR to Stalin's regime. What happened during the time of that Georgian Robespierre was an aberration, albeit characteristic of any society undergoing rapid revolutionary transition. You can find an equivalent of that in the history of any country (minus the Russian scale - if you want the comparable scale you need to look at China, perhaps).
After Stalin, the USSR has become a completely different society. It may have had its own ideas about civil rights and freedoms, which differed from those in the West, but it certainly had those ideas and ideals. Time has shown that the chosen implementation of these ideas was impractical and impossible and it collapsed on itself due to the inherent flaws in the system - but to consider USSR as some kind of an incarnation of absolute evil and antithetic to the values of the enlightened and benevolent "Western" society is shortsighted and downright stupid.
You should also remember that many of the freedoms enjoyed by the Western population exist either because the Western regimes wanted to highlight the difference between them and the Soviets or because the existence of the USSR was inspiring people in the West to demand such rights and freedoms.
Is it a coincidence that as soon as the USSR ceased to exist and the need to maintain the appearances diminished those same "Western" regimes started to steadily and determinedly clamp down and revoke or dilute those rights and freedoms?
Re: Dropbox drops the ball.
"The Soviets were ..... morally repugnant,"
Not any more repugnant than any other state with the ambitions of being a "global power". Forget about it at your peril.
No need to worry
She probably can't tell her drop from her box. It must simply be a pay-off for that CIA contract...
Now, wait a minute - a CIA contract? Er, belay that "no worry" then...
A rocket only becomes a proper space rocket when it has legs and can land on its tail.
But... a really, really good space rocket also must have big fins. Where are the fins?
"Would have been better to use NASA-speak and say that it "suffered a non-mitigated power-up anomaly"
But they had a Barogenic Unexplained Metal Meltdown Energetic Rupture instead.
No Rice please. How about a Kofi though?
So, Hu you say was the leader of China?
Re: Speaking of the law...
"But he wasn't, he quit"
Ever heard the term "constructive dismissal"? I don't know about the US but here it is a well established principle in employment law.
Re: Prop 8 != free speech
So, you will then agree that if another court decision would overturn the previous one and the ban on gay marriage will be found constitutional, you will have to be fired from your job unless you publicly declare that you now understand that gay marriage is wrong and undertake to never support it again?
Boycott the F*ckStupid website and other Match.com crap, not the FireFox!
Reminds me of the parts of the world where a raped woman is punished for letting herself be raped...
Re: Once again...
"I don't know if you knew that."
No, I didn't but I know now! Thanks!
Re: Once again...
No, no, no - crosses are too violent.
Re: I think people here are missing the point
Well, the Mumsnet population will not probably read about it in the Register but they might see it in this BBC article:
"Feelings of aggression after playing video games are more likely to be linked to gameplay mechanics rather than violent content, a study suggests."
"The study is not saying that violent content doesn't affect gamers, but our research suggests that people are not drawn to playing violent games in order to feel aggressive. Rather, the aggression stems from feeling not in control or incompetent while playing."
"Previous research published by Tanya Byron in her 2008 independent review 'Safer Children in a Digital World', found little evidence to suggest children who play video games become desensitised to violence."
All in all, should drive some on Mumsnet into a fit :-)
I think people here are missing the point
Which is that this study shows that it is the bad game design or controls that leads to increased aggression as opposed to any actual violent content inside the game.
This basically pulls the rug from under the feet of the "think of the childrenz" game-censoring crusaders, which is a good thing.
Re: Cold hands? Pah!
You're right, they are much more likely to take a dump truck and drop a ton of bricks on the unfortunate passers by. Now, the Pacman players, on the other hand....
Re: They haven't deserted religion
"If God wanted man to go to space, he'd have given him gills...er, something."
I'm sure man would have preferred gilts instead...
Da fuck you did that fo?
Re: I embrace people that do not share my views.
"and Ben Laden ..."
Aha! So Osama was Jewish! I can tell a Masonic conspiracy when I see one!
"Perhaps you misunderstand me."
Perhaps I do, in which case I apologise.
"However I will have personal views as to whether that cause is right or wrong which will determine whether I support or oppose it."
That's fine. But do you agree that you must lose your job if your personal view and the corresponding support or opposition you express are not deemed to be satisfactory?
Re: No-one will ever read this because it is currently on p5 ...
"a concerted, vocal minority who cannot recognise that an opinion is valid even when you disagree with it"
We have good few of them on this board as well...
Re: The unaccountable mob
It's actually the same tactics that is commonly used by Scientologists to suppress dissent in their ranks and netralise anyone who they perceive as a threat to their organisation.
Re: Single player is onanism
Seriously? It seems that you treat your gaming as a work out and choose the games accordingly.
Other people may prefer things like atmosphere, storyline, suspense, immersion.
It is similar to music - some people enjoy the art in music, for others it is only a means to induce reflectorial twitching...
Re: Single player is onanism
"You will get better, but only from more playing."
Get better at onanism?
Re: @ Vladimir Plouzhnikov
"A Network of Computers playing their algorityms off against each other can and will blindly crash the markets in Milliseconds."
Yes, so what? Do you think human-only market are immune from that? No indication though that any of the crashes where machines may have been involved has been any worse than any other crash where they haven't. Actually, markets seem to recover from these technical glitches much faster today and with fewer consequences than in the past.
"the HFT corporations which are actually Paying the exchanges for Insider Information"
You don't seem to understand what Insider Information means. Exchanges don't have insider information. The market data they have and sell (legally and openly) is not "insider information", it's available to anyone - you can buy it yourself if you want and have the cash.
- JLaw, Kate Upton EXPOSED in celeb nude pics hack
- Google flushes out users of old browsers by serving up CLUNKY, AGED version of search
- China: You, Microsoft. Office-Windows 'compatibility'. You have 20 days to explain
- GCHQ protesters stick it to British spooks ... by drinking urine
- Twitter declines to deny JLaw tweet scrubdown after alleged iCloud NUDE PHOTOS hack