Ken Catalino by Ken Catalino

Ken Catalino

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  1. Respectful Troll

    Respectful Troll said, almost 2 years 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.

  2. ARodney

    ARodney said, almost 2 years 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.

  3. Chillbilly

    Chillbilly said, almost 2 years 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.

  4. denis1112

    denis1112 said, almost 2 years 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.

  5. corzak

    corzak said, almost 2 years 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.

  6. Justice22

    Justice22 said, almost 2 years ago

    @ansonia

    We watch Colbert for factual news. For comedy, we watch Fox.

  7. Justice22

    Justice22 said, almost 2 years ago

    @1opinion

    LOL! It is true!

  8. dtroutma

    dtroutma GoComics PRO Member said, almost 2 years 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.

  9. Michael wme

    Michael wme said, over 1 year 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.

  10. lonecat

    lonecat said, over 1 year ago

    @Michael wme

    Of course the market crashed in October, whereas Obama was elected in November, thus demonstrating that causality can work backwards.

  11. braindead08

    braindead08 GoComics PRO Member said, over 1 year ago

    @lonecat

    Don’t forget that Obama also caused the financial problems that led to the bank bailout. That was in August or Septemeber?
    -
    It was gratifying that McCain was there to reassure everyone that the American financial system was just fine.

  12. braindead08

    braindead08 GoComics PRO Member said, over 1 year ago

    @onguard

    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.
    -
    When small banks and credit unions are slammed by new regulations, you can be sure that big banks are behind it. Not that legislators would ever be influenced by financial heavyweights, you understand.

  13. TheTrustedMechanic

    TheTrustedMechanic GoComics PRO Member said, over 1 year ago

    @Justice22

    The difference between liberals with the Colbert Report and CONservatives with Fox “News” is the liberals know what they are watching are real news and facts used to create comedy. To the contrary the CONservatives think what they are seeing, watching and being told is true and real news. It would be comedy if it weren’t so sad that the CONservatives are so wrong and refuse to see it…

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