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How Has The Flood Of Information Changed Wall Street Since 1990


by Tyler Durden
Saturday, Jul 03, 2021 - 06:30 PM
In a world where Wall Street admits that it increasingly gets its most precious commodity - information - from social networks such as Twitter, Reddit and Facebook.
. it got us thinking about the changing nature of information flow in finance and how it may be impacting markets.
Conveniently, in a recent note from DataTrek s Nick Colas, the former SAC portfolio manager takes a big picture look at just this topic, writing that when he started covering stocks in 1991 back at Credit Suisse, there was no Internet, no smartphones, no “Big Data”, no quarterly earnings conference calls, and no real regulation around how companies disseminated potentially market-moving information. All those things exist today, and according to Colas, the fact that the world s financial decision-makers are flooded with instant (and constant) information may well explain part of why US stocks trade at such premiums to prior cycles. But, ....

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Economic Collapse Continues Uninterrupted


by Shawgi Tell / April 23rd, 2021
To conceal the economic and social decline that continues to unfold at home and abroad, major newspapers are working overtime to promote happy economic news. Many headlines are irrational and out of touch. They make no sense. Desperation to convince everyone that all is well or all will soon be great is very high. The assault on economic science and coherence is intense. Working in concert, and contrary to the lived experience of millions of people, many newspapers are declaring miraculous “economic growth rates” for country after country. According to the rich and their media, numerous countries are experiencing or are on the cusp of experiencing very strong “come-backs” or “complete recoveries.” Very high rates of annual economic growth, generally not found in any prior period, are being floated regularly. The numbers defy common sense. ....

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Climate summit: Global leaders cool to Scott Morrison's Australia


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The host of the 40-nation climate summit, US President Joe Biden, opened the event by urging all the leaders to pledge to “overcome the existential crisis of our time”. It was “a moment of peril, but also a moment of extraordinary opportunities”, he said on Thursday night Australian time.
The next speaker was the secretary-general of the UN, Antonio Guterres. “We are on the verge of the abyss.”
Illustration: John Shakespeare
Credit:
After America’s four years of climate absenteeism under Donald Trump, several leaders expressed relief at Biden’s activism in leading the planet back from the edge. With the world on a trajectory to warm by 3 degrees, the collective effort has to bend it to hold warming to a maximum of 1.5. ....

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