Money Stuff: The Podcast Goblin Hours: 24/7, FTC, Gold
Apr 26, 2024
Discover the thrill of waking up at 3 a.m. to trade stocks and the potential shift towards 24/7 trading. Delve into the FTC's bid to ban non-compete agreements and how this could change the job landscape. Enjoy a light-hearted take on gardening leave and its role in achieving work-life balance. Finally, explore the quirky trend of buying gold at Costco, the appeal of credit card rewards, and the complexities surrounding gold investments. This engaging discussion highlights the evolving nature of finance and investment.
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24/7 Trading Rationale
- 24/7 stock trading would likely cater to retail "pajama traders".
- Crypto's 24/7 nature and retail demand fuel this push, but traditional market structures may persist.
Liquidity and Flash Crashes
- Increased flash crashes might occur with thinner liquidity overnight.
- The 9:30 am and 4:00 pm auctions will likely remain the main liquidity hubs.
Auction Alternative
- A single daily auction could make prices more efficient.
- It would also reduce costs by removing the need for high-frequency trading intermediation.