Flash Trading:
The process by which a few stock traders manipulate the market to the detriment of the whole economy will start to be moderated by the Securities and Exchange Commission, according to The New York Times. Flash trading is accomplished through the use of high speed computers that allow a few investors to buy and sell at near the speed of light, incorporating fancy algorithms to make the decisions without human interference, pushing prices up and down without actual regard to stock value.
What People Are Buying with Their Clunkers:
Today's Washington Post reports that people are trading their gas guzzling clunkers in for "the Ford Focus, followed by the Toyota Corolla, Honda Civic, Toyota Prius and Toyota Camry." On average the new cars get 10 mpg better gas mileage than the cars that are being traded in, but the average is still low at 25.4 miles per gallon.
The process by which a few stock traders manipulate the market to the detriment of the whole economy will start to be moderated by the Securities and Exchange Commission, according to The New York Times. Flash trading is accomplished through the use of high speed computers that allow a few investors to buy and sell at near the speed of light, incorporating fancy algorithms to make the decisions without human interference, pushing prices up and down without actual regard to stock value.
What People Are Buying with Their Clunkers:
Today's Washington Post reports that people are trading their gas guzzling clunkers in for "the Ford Focus, followed by the Toyota Corolla, Honda Civic, Toyota Prius and Toyota Camry." On average the new cars get 10 mpg better gas mileage than the cars that are being traded in, but the average is still low at 25.4 miles per gallon.
Labels: The Economy
posted by Jim | 12:10 PM
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