Rise Of Socialism And Threat To Our Industry

Discussion in 'Politics' started by tommo, Jan 13, 2016.

  1. komorebi

    komorebi

    Markets, wherever they are will likely cater for their customers. If the majority are in US/Europe then no reason why an exchange at GMT+10 couldn't operate according to NY/London hours or simply remain open 24 hours.

    But for fun, here are some ideas for candidates in an EU compatible time zone: Iceland (withdrawing EU application), South Africa, Brazil, UAE, Qatar, Bahrain, Kuwait, Russia, Turkey, Uruguay, Mauritius, Nigeria, Ghana, Kenya.

    world-map-emerging exchanges.png

    Though, don't think it's worth worrying about. NY's and London's time aren't up yet. Historically, the cost of doing business (trading) has fluctuated. The best times could still be to come, after all the 20s are almost here again.
     
    Last edited: Jan 13, 2016
    #11     Jan 13, 2016
  2. Ricter

    Ricter

    In the recent circumstances it does not matter as much as you think it does. Which is what Krugman actually wrote.
     
    #12     Jan 13, 2016
  3. Tsing Tao

    Tsing Tao

    Ah yes, Krugman. He's a beacon of knowledge.
     
    #13     Jan 13, 2016
  4. Ricter

    Ricter

    More than you.
     
    #14     Jan 13, 2016
  5. The OP makes some good points, and I suppose I would be more worried if I lived in the UK, with the threats they face. Here we have some protection. I seriously doubt that Sanders will get the nomination. if Hillary were indicted for example, which is unlikely, the party would immediately push forward an establishment replacement like Joe Biden. Hillary herself is totally bought and paid for by the bankers, etc so she is mainly going to talk, or maybe sock it to the middle class like her husband did.

    Republicans are still likely to control the House and therefore could block anything like a transactions tax, provided they have some backbone. They are ever quick to sell out their base, but I suspect they would find their courage if the big check writers on Wall Street were threatened.
     
    #15     Jan 13, 2016
    tommo and komorebi like this.
  6. Tsing Tao

    Tsing Tao

    From the guy whose head is stuck so far up Krugman's ass the man can see it every time he brushes his teeth.
     
    #16     Jan 13, 2016
  7. tommo

    tommo

    hmm not so sure about the simply stay open 24 hours comment. Im a european equity/bond trader, im not going to trade those markets from hong kong at 3 in the morning. It needs to fit in with the time zone.

    I know a few guys that have gone to Dubai its pretty geared up for trading there. Great time zone. A lot of the European places opening up there and zero income tax.
     
    #17     Jan 13, 2016