Jun 26/14 – The peak in inequality
Glory Days
I am going to start today’s post with a story. Forgive me for pulling a Bruce Springsteen and regaling you with a story about my glory days, but I think it is a great analogy for the problems in today’s equity market.
In the 1990s I was the stock index derivative trader for Canada’s largest dealer. Our group was in charge of making markets for …