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Ken Catalino is a conservative cartoonist who is happiest puncturing balloons filled with the lightweight gas of liberal idealism. This doesn’t prevent him from criticizing conservatives on occasion, if reason and rationality are violated
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Comments (19) (Please sign in to comment)
onguard said, 6 months ago
Those Government Regulations Bulls will run over you…..Look what they did to Small Banks and Credit Unions……http://newmexico.watchdog.org/16522/will-tougher-regulations-jeopardize-small-community-banks-in-nm/……One state’s example.
Respectful Troll said, 6 months ago
A recent segment of the Colbert Report dealt with hyper trading. Using computers and algorithms so fast that hundreds of trades can take place per minute. Profits may be less than a dollar per trade, but sheer volume makes the investors with access to those resources richer and richer by the moment. Tho it points out that when something goes wrong, billions can be lost in a very short time before people stop the program and do a reset.
Small investors don’t have the influence they used to.
Sadly,
C.
ARodney said, 6 months ago
Same old story. What the Rich can get (hedge funds, Cayman islands accounts, special tax breaks) are off limits to people who work for a living. It’s nice that at least the American people are beginning to see where the problems come from. Oh, and onguard, you TOTALLY missed the point of this cartoon. It’s not about regulation. Bulls are a good thing in Wall Street symbology. Bears are bad.
Chillbilly
said, 6 months ago
@Respectful Troll
Neither do big traders. A friend of mine is a hedge fund manager, trading precious metals in COMEX. He said that Goldman’s computers are hosing everyone.
denis1112 said, 6 months ago
@Respectful Troll
The Colbert Report has nothing to do with reality.It’s a comedy show.Sadly many dims think it’s actually a news show.
corzak said, 6 months ago
@denis1112
“The Colbert Report has nothing to do with reality.It’s a comedy show.”
People know that Colbert is a comedy show. They also know his guests are real.
C Downs is referring to a guest – Christopher Steiner – who has written a book called Automate This: How Algorithms Came to Rule Our World, which discusses how trading algorithms are not just changing the way the market operates, but are influencing the volume and prices by their very existence.
You really need to spend more time educating yourself.
ansonia
said, 6 months ago
@denis1112
The Left can watch biased comedy shows and consider them to be trustworthy news sources. They get a free pass.
-
But anything a Conservative watches is evil and deserves to be called vile names. In fact, there appears to be some kind of contest in who can twist conservatives’ names into the most disgusting “sound-alike.” Although sometimes they go so low, it’s difficult to recognize the person or medium they are talking about. This is considered “political discourse” to the Left.
Justice22 said, 6 months ago
@ansonia
We watch Colbert for factual news. For comedy, we watch Fox.
1opinion said, 6 months ago
^Watching Fox news shows and commentary programs is like unto watching pro wrestling matches.
Justice22 said, 6 months ago
@1opinion
LOL! It is true!
dtroutma
said, 6 months ago
Just finished “Plutocrats” by Chrystia Freeland, among other books, articles, etc. C.Downs misses one critical point: BROKERS get rich by the millisecond on all these computer trades, the actual INVESTOR gets screwed.
The way the ultra-rich have MANIPULATED government regulations, and had their clones write laws to suit THEM over the last thirty years lays total joke to the right-wing claim that “government” is the evil regulator keeping those poor plutocrats down. Having watched these regulation changes come in through the Federal Register, for decades, it was truly disgusting at times how the power of the corporation outweighed the good of the people, since Reagan took office.
Even “Tricky Dick” Nixon cared enough about the nation to sign laws defending us, the environment, and the economy, through yes, regulations as well.
Morons falling into line as dittoheads, or listening to Faux Newz, or even reading Murdoch’s Wall Street Journal since he took over, are the most misdirected folks in the world today. Try BBC, or other viable news sources, like Reuters, even China Daily or Al Jazeera English is more truthful, and complete than Faux will ever be.
Dredpiraterobt$ said, 6 months ago
@dtroutma
I’ll give a thumbs up on what you said there!
.
Thumbs up!
Dredpiraterobt$ said, 6 months ago
I don’t get the cartoon tho. With how the market was acting, shouldn’t those be bears, not bulls?
Michael wme said, 6 months ago
@Dredpiraterobt$
The market crashed in ‘08 (probably because Obama was elected, couldn’t possibly have had anything to do with a leveraged real estate bubble). Most small investors (NB anything less than $1 billion is microscopic) sold at the bottom. Then the markets came back up while most of the small investors siestaed.
There was a big drop right after the ’12 election, and small investors sold at the bottom. Then a big recovery of most of those immediate post-election losses while small investors siestaed.
The big boys make money on bulls and bears, most small investors lose both ways.
lonecat said, 6 months ago
@Michael wme
Of course the market crashed in October, whereas Obama was elected in November, thus demonstrating that causality can work backwards.