“I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank.” http://www.telegraph.co.uk/finance/financialcrisis/8721151/Market-crash-could-hit-within-weeks-warn-bankers.html Advertisements
Stepping off the plane used to be the first hit of the smells of India. The dust, a faint whiff of diesel, and the pungent naphtha whenever passing a lavatory in the dimly lit hallways of the airport while walking … Continue reading
Well, we knew this, but somehow it’s always reassuring when the latest newfangled tehnique confirms one’s bias! Network analysis indicates that a small elite has disproportionate control of the world economy. The graph is certainly pretty. Add to this the … Continue reading
My friend Mark has talked about the value of an AI program to scan news releases and trade rapidly off of them. Naturally I assumed this had been long ago done given all the chatter about computerized trading… Today, I … Continue reading
The Double Dippers! The future new orders and shipments indexes dropped to their lowest levels since September 2001. Now it’s Japan’s Q3 rebound vs New York’s Q3 slide… who will win the round?
This Yahoo piece summarizes the state of play of the top issue of the moment.