Why Cant We All Just Get Along
The Economist has produced the graphic below which does seem to perfectly illustrate the difficulties of dropping a dozen cats in a sack and then telling them to behave. There are also some interesting permutations of what would constitute a perfect European Union in the comments. Click the graphic for the article.
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Timeline Of The Greek Crisis
I mentioned the other day that I was surprised that the Europeans were surprised that the Greeks had gone to the wall. This timeline explains why I was surprised. As you can see this is a long standing problem.
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The Psychology Of Risk
Source – HANDBOOK OF FINANCE: VOLUME 2: INVESTMENT MANAGEMENT AND FINANCIAL MANAGEMENT, Frank J. Fabozzi, ed., John Wiley & Sons, pp. 85-111, 2008
Those Sneaky Swiss Bastards
Like many investors, Mr. Bolz’s firm had a bet against the franc in its portfolios, which lost money on the currency’s sudden surge. It hasn’t made any meaningful bets on moves in the currency in the last few months, he said. An uneasy calm has emerged as investors show more caution. Volatility has all but…
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