Is The Market Really Ruled by Robots?
Plus! Simulating Coronavirus, other Coronavirus news, Zoom, shadow banks
Today the computer is taking over the world. The computer exposes all.
Studs Terkel’s Working, 1972
People have been paranoid about computers on Wall Street for a long, long time. Computers cause the flash crash! Computers cause bubbles! Computers do 80% of the trading! The worry is that we won’t have a human at the switch, that bots will blindly push pri…