Ugh, is that true?
I have no idea. I’m not even sure what that means. All I know is I’ve lost, on paper, about $700 since the inauguration.
“ Dark Pool Trading: Key Statistics
- Trading Volume: As of February 2022, nearly half of all trading activity occurred in dark pools and off-exchange venues. For some stocks like GameStop, dark pool volume exceeded 50% of total trading on certain days.
- Number of Dark Pools: Over 50 dark pools were registered with the SEC in the U.S. as of February 2020.
- Growth Trend: Dark pools’ market share grew from 4% in 2005 to 18% by 2015.
- Order Size Trend: Average order size in dark pools decreased from 430 shares in 2009 to about 200 shares in 2013.
- Regulatory Action: In 2016, major financial institutions were fined over $150 million for violating federal laws in dark pool operations.”
Shit.
Huh. Yeah, that shouldn’t even be legal. More rigging of the system by the large institutional investors. I love how casually the drawbacks of dark pools are presented there:
- Lack of transparency
- Potential conflicts of interest
No shit. Which is exactly why they should be illegal. Goddammit capitalism sucks.
Thinking that we’ll see a small rise in the markets this morning as is not unusual after a big drop. Then another slide later or tomorrow.
Late car payments hit highest level in decades-
https://thehill.com/business/5183840-late-car-payments-record-high/
With so many Americans living in places that need a car to live and work, that’s an awful lot of people right on the brink.
I’m worried about how many are on the brink of living in their cars, moving them around to avoid all the overnight parking restrictions and repo efforts that are probably much more efficient with all the tech baked into newer vehicles. Increasing fines for non-moving violations and criminalization of camping (if the vehicle is lost) also puts them at risk for incarceration.
One of Spouse’s “shadow indicators” of looming recession is the fact that the proportion of cars on the road with un-repaired minor damage is way up. If you’re trying to scrape by, you don’t invest the $$$ in getting that fender fixed (or even risk increasing the cost of your insurance coverage by claiming it).
During the 2008 crisis, the one thing that 's did not default on was their car payments.
If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio
You know what really scares me about this? What often happens when you see this kind of economic collapse is just how much the violence ends up turning inward toward vulnerable populations, or just whoever is deemed “the problem”… Things are looking nasty now, but they could look even worse with a complete and total collapse of our economy.
This is a really interesting read, especially about the physical handling of Gold!
(It also reminds me of a couple of films.)
That’s a shame.
A Secret Mortgage Blacklist Is Leaving Homeowners Stuck With Unsellable Condos
Fewer homes can get Fannie Mae-backed mortgages, a response to Surfside condo collapse and insurance crunch
https://www.wsj.com/finance/regulation/condo-sales-home-insurance-crisis-a921362b
I wonder if there’s a similar list for other HOA managed homes? We still haven’t sold the house in New Jersey, and aren’t even getting nibbles. It’s not a condo, but it’s in a 55+ community.