Archive for the ‘oligopoly’ Category
Posted by Larry Doyle on December 19th, 2013 9:24 AM |
Information is everything. Unparalleled access to information and the hoarding of the data collected are cornerstone principles of an economic system that is defined as an oligopoly.
How does this work? Rather than my writing, let’s take a quick 2-minute view of what is going on within the oil markets. (more…)
Tags: barriers to entry, Genscape, high tech snooping, how does an oligopoly work, oil, principles of an oligopoly, traders seek an edge with high tech snooping, Wall Street oligopoly, what is an oligopoly
Posted in General, oil, oligopoly, Wall Street | 3 Comments »
Posted by Larry Doyle on March 27th, 2013 6:17 AM |
Here we go again.
With the investigation of the greatest financial fraud ever perpetrated on Wall Street — that being the manipulation of Libor — still in the early stages, news emanating from Europe this morning redirects the shadow from that organized activity into the dark and dank world of credit derivatives, aka CDS.
Recall that cornerstone principles of an industry that operates as an oligopoly are: (more…)
Tags: barriers to entry, CDS, collusion in CDS market, credit derivatives, how does an oligopoly work, imperfect information, ISDA, Markit, price fixing on Wall Street, sharing of information, Wall Street oligopoly
Posted in CDS, collusion, Credit Derivative Swaps, General, oligopoly | 2 Comments »
Posted by Larry Doyle on March 30th, 2010 9:18 AM |
What will be the next explosion in financial chicanery if not outright fraud? Collusion, that is price fixing. Why? A number of reasons, including:
1. The financial industry has become an oligopoly, (some may say cartel) thus setting the table for increased collusion to propagate.
2. Lower volumes across exchanges, which pressure revenues and incentivize market participants to collude to generate greater profits. (more…)
Tags: Barclays, cartel, cheating on Wall Street, collusion, David Strang of Barlow Lyde & Gilbert LLP in London, financial collusion, future crimes on Wall Street, future frauds on Wall Street, future of Wall Street, lessened competition on Wall Street, move to financial simplicity, Office of fair Trading, oligopoly, price fixing, Royal Bank of Scotland, Wall Street's future, Wall Street's next great crime, Wall Street's next great fraud, what do lower volumes mean on Wall Street, why will collusion increase
Posted in General, oligopoly, Wall Street | 2 Comments »
Posted by Larry Doyle on March 15th, 2010 12:51 PM |
Pricing power is everything.
What businessman wouldn’t like greater control and influence over the pricing of his goods and services? How are prices determined? In a capitalist system, prices are a function of the competitive forces of supply and demand. What happens when competition dwindles? Pricing power for the suppliers increases. How does competition dwindle? When barriers to entry are so high, or competitors go out of business. This economic reality is also known as an oligopoly and it defines the current state of our financial industry known as Wall Street.
Is Wall Street taking advantage of the lessened competition and flexing its muscle to drive revenue? Is the Pope Catholic? (more…)
Tags: capitalism, CNBC media appearance, crony capitalism, financial industry, financial lobby, FINRA, Goldman Sachs, Goldman Sachs Demands Collateral It Won't Dish Out, JP Morgan, oligopoly, over the counter derivatives, pricing power, Richard Lindsey, Street Signs, to the victors go the spoils, TRACE, Wall Street, Wall Street collusion, Wall Street lobby, Wall Street oligopoly
Posted in General, Goldman Sachs, JP Morgan, oligopoly, Wall Street | 2 Comments »
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