Archive for the ‘Markets Matter’ Category
Friday, March 14th, 2008
For as long as I can remember, Australia has been trying to mimic the U.S. Australians watch what Americans watch; eat what they eat, and as soon as we get word of the latest fashion craze in Orange County, we wear what they wear. Even in matters far less trivial ...
Posted in Things I Don't Get, Australia, Markets Matter | No Comments »
Saturday, January 26th, 2008
The reaction against futures, once their existence was validated by the Treasury-Federal Reserve Study (see Subprime Crisis, Part 2) in the early 1980's, took a more tactical form. The question became what tribe would dominate the offering of these contracts, and how would their use by the bottle-babies of the ...
Posted in The Banking Crisis, Markets and Regulation, When Regulation Goes Wrong | 1 Comment »
Thursday, January 24th, 2008
The single best piece of luck I ever had was to write a couple articles about what was then a gleam in the eye of a couple dozen people in the world, Standard and Poors futures and CPI (Inflation) futures.
I learned more about risk and about the human condition in ...
Posted in The Banking Crisis, Markets and Regulation, When Regulation Goes Wrong | No Comments »
Sunday, December 30th, 2007
The answer is no. But a thing that many financial specialists associate with financial engineering is dead. I call it financial numerology. What I am talking about is the use of analytical methods to reach conclusions that do not spring directly from good old assumptions of investor rationality; or at ...
Posted in Computers Run Amok, Markets Matter | No Comments »