The former head of the New York Stock Exchange, Dick Grasso believes that the current environment in which operates the US stock market is not favorable to the investors to make a profit - based on AMarkets.
The market is extremely volatile and extremely fast - says Grasso. However, the dynamism does not imply honesty. Experts argue that the high players who have a lot of advantages over retail players are great harm, and the market and the economy. In fact, they make the market unpredictable.Grasso believes that the US market regulators need to radically revise the rules for all participants and permissible instruments. The economy has zero interest rate - ZIRP - ineffective. Ineffective and markets.
The last time the FED to raise rates in 2006. In 2007, the economy showed strong weakening. In December 2008, the rate was lowered and remains at zero for this time. However, a recovery rate to return to the previous "norm" is not enough. We need to redraw the entire system and all the legislation - sums Grasso.
The dynamics of interest rate:
For information: exchanges NYSE and Nasdaq OMX Group Inc. They hold about one-fifth of all trading volumes America.