"How much would a generically smart liberal arts graduate know about this subject within 2 weeks of hearing it existed?" successfully predicts about 98% of articles. (One can trivially cite the 2%, but they're not labeled "This is the one today which isn't mostly winging it.")https://twitter.com/greenwoodae/status/1099832077577379840 …
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What percentage of articles written about, say, HFT were written by someone who could succeed at this challenge: "Draw me an order book. Any order book."
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Replying to @patio11
Reminds me of that article on Bloomberg written by the journalist covering "market structure" in which he identifies "manipulation" of the stable coin markets, evidenced by the highly suspect and inexplicable lack of volatility.
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To be fair, stablecoins *should* be volatile. The fact that they aren't is interesting. ("That defeats the purpose." Kinda, but zero coupon bonds don't stop being exposed to all the usual bond risks just because you call them coins.)
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