663 karma · joined May 10, 2012
A market order submitted to a single exchange isn't the same as a "market order" submitted to e.g. Fidelity.com. He's talking about the latter.
Have you read Flash Boys? Dunno if the loop-holes have all been solved, but basically it was possible to front-run orders. There was a regulation requiring brokers to execute an order on the exchange that had the best current price. This rule gave no weight to size. So HFT firms could place a tiny, negative expectancy order on one exchange. Then they could see the result of that trade and cancel/place orders on the next exchange that your broker's matching algorithm was going to hit up before your order got there.
Is there a realistic alternative? Sure, universal basic income eventually, but that's not practical at the moment.
The strength of a middleman can be directly measured by how much they mark up prices. Does amazon really mark up prices more than the brick and mortar retailers it replaced?
https://www.reddit.com/r/BitcoinMining/comments/7jg14f/one_o...
https://en.wikipedia.org/wiki/List_of_sovereign_states_and_d...
You could weigh 184 pounds and have a BMI <25. Even with a sedentary lifestyle you'd still burn 2,199 calories a day. This is patently false.
Why? The 20% that are fired can get other jobs. The group as a whole ends up getting paid more with lay-offs than with pay cuts.
No you don't. You will always burn calories by simply existing. You can get no exercise and still lose weight simply by cutting calories. Cutting 100 calories from your daily diet may be matched one-to-one with metabolism decreases, but I guarantee that if you cut 1,000 calories from your daily diet you will lose weight.