Traders Magazine
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FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company.
As the description states, Flash Friday is about the past, present and future of capital markets trading and technology.
Flash Friday, which in fact used to be called Flashback Friday, covers the past pretty well. That’s in large part due to rich digital and print archives of Traders Magazine that can be mined for story ideas. It’s always interesting to catch up with a buy-side trader or an ATS executive or a former STA Chairman who was quoted in Traders 20 or 25 years ago, to see what they’re up to today.
Their cry-wolf act is well practiced but lacks credibility.
Greg Nash/Getty Images
In a tale as old as time, Ohio Senator Rob Portman is concerned that the recently passed Covid relief package will lead to inflation.
Predictably, conservatives are once again warning about inflation. This happens every time a Democrat takes office even if he merely continues the identical policies of his Republican predecessor. Unfortunately, these concerns, which always receive wide media attention, are costly, politically and economically. Bill Clinton was forced to adopt a deficit reduction plan in 1993 that led to the defeat of many Democrats in 1994 and the installation of Newt Gingrich as speaker of the House. Barack Obama was forced to scale back his stimulus plan in 2009 and was browbeaten into deficit reduction in 2011. And that paved the way for Donald Trump by keeping the economy running in slow gear throughout Obama’s presidency.