Quoting the Crisis06/11/2009
“ Now maybe I am just hopelessly out of touch, or perhaps more accurately, the Fed has created such a ridiculously favorable environment for banks and traders that if you are moderately competent, making money is like shooting fish in a barrel. But a winning streak this consistent looks like a rigged game. Is this just, ahem, “information advantages”? Greater ease in pushing markets around that have fewer players? Just a function of those monstrously wide bid-asked spreads? I’m curious for a sanity check from people closer to the action. „
Yves Smith in Mirabile Dictu! Goldman Lost Money Only One Day in Last Quarter « naked capitalism
Quote posted at 21:06
