Thursday, August 25, 2011
One of my Black Swans a swimming
For the record, I believe that one of the greatest threats that we (modern civilization) face is a coordinated attack on our Internet based command and control systems. I will be touching on this many more times in the future, but here is an excellent example of where it will have a significant impact. From Tyler Durden at Zero Hedge here is what very well may be an example of High Frequency Trading (HFT) illegal market manipulation. This is a very serious concern because these autonomous programs trade millions of shares at computer machine level speeds. They are particularly dangerous due to their proprietary nature, their lack of security (encryption takes too long) and a total lack of standards, regulation or oversight.
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