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“The Federal Reserve indicated that it was heading towards ending its bond-buying programme with a final $15 billion purchase in October. But it remained vague about the precise timing of an interest-rate increase, saying it would retain the near-zero rate for a “considerable time”, a phrase that markets expect to be excluded from the Fed’s statement when it decides to move firmly towards a rise.”
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“The oil group’s members disagree about whether to reduce output in order to boost prices, with Saudi Arabia resisting a cut.”
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“Reg NMS was intended to create equality of opportunity in the U.S. stock market. Instead it institutionalized a more pernicious inequality. A small class of insiders with the resources to create speed were now allowed to preview the market and trade on what they had seen.”
― Flash Boys: A Wall Street Revolt
― Flash Boys: A Wall Street Revolt
“Those who consume interest cannot stand except as one stands who is being beaten by Satan into insanity.”
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“Alibaba took its IPO to investors in a roadshow, having priced the offering at between $60 and $66 a share. This could value the Chinese e-commerce firm at around $160 billion when it lists in New York, which is close to Amazon’s current market valuation. With reports that its order book is already full, Alibaba is likely to raise $20 billion or more on its stockmarket debut, and possibly be the most lucrative IPO ever.”
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Abdulellah’s 2025 Year in Books
Take a look at Abdulellah’s Year in Books, including some fun facts about their reading.
49 books
|
115 friends
1 book
|
7 friends
10 books
|
37 friends
2 books
|
130 friends
11 books
|
18 friends
0 books
|
9 friends
1 book
|
26 friends
2 books
|
31 friends
More friends…
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