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In the extreme, repeal of Glass-Steagall and resulting shenanigans put the entire market at risk, which in turn put the macro economy at risk, which in turn cha
by drumdance 14y ago
In the extreme, repeal of Glass-Steagall and resulting shenanigans put the entire market at risk, which in turn put the macro economy at risk, which in turn changed the long term outlook of stocks.
That said, I do question the overall premise that HFT affects stock values over the long term.
- harryh 14y agoThat's fair. But I think that's getting pretty far from what Cuban was complaining about. I also don't think that "government decisions can have a big impact on the economy" is a new phenomenon.