I have finally had time to sit down and read this latest missive from BIS. The FX market does seem to be undergoing a little bit of a shift as evidenced by the fall in volumes, the changing role for some currencies and the rise of the renminbi. There are a few interesting take home…
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I am of the belief that the best trips you can have are those that make you think and reflect upon your own situation and the situation of others. For those who are self aware travel is the consummate – it forces you to think and reconsider things you believe in. Since returning from LA…
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In the third quarter of 2015, hedge funds, as a category, were experiencing their worst quarter of flows since the bottom of the financial crisis six years before. There were an avalanche of stories about the industry’s nearly systematic underperformance. It looked and felt like an inflection point. At the time, I asked aloud whether…
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On the back of the news that that BBY head Glenn Rosewell hired a psychic who strangely enough was not able to predict the demise of the firms at a time when it was obvious that full service broking is stuffed as an industry comes the news that apparently NASA has ruined peoples lives by…
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Leonard Cohen’s ballad “Hallelujah” has become so inescapable that the songwriter once asked for a break from his own track. “I think it’s a good song, but too many people sing it,” he told The Guardian in 2009, agreeing with a critic for The New York Times who asked for a moratorium on “Hallelujah” in…
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I must have completely missed this series which was filmed in the years before the GFC. Has anyone else seen it?
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My hotel room in Toronto came with a most unusual feature. I had a tv in the mirror in the bathroom, so one could sit back and luxuriate in the tub whilst channel surfing. My expectation was that this was the sort of technological idiocy that is common in Japan not in ever so sensible…
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