Banker Pay

Apparently $1.6 million is not a lot to get by on…….. WSJ …. The paymaster noted that median precrisis pay was about $2.2 million a year. On average, some $200,000 came in base pay, with the remaining $2 million coming in an annual bonus, about 60% of which was paid in cash. That is roughly…

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I Love a Good Chart

This is from Chart of the Day who occasionally produce some interesting charts – although most of the time they are obscure things such as measuring GDP in gherkins The chart below is the  long term inflation adjusted median price of US housing. Not only did housing prices increase at a rapid rate from 1991…

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FX Turnover

I have in the past been asked by new traders what is the most liquid market in the world. The reason they asked was they were generally concerned that the massive size of their account (always less than 100k) was too big for any market other than the most liquid. So to put them at…

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Spotted This Headline

Nasdaq-100 Has Biggest Advance in 2012 as Apple Jumps The Nasdaq-100 Index jumped 2.7 percent to 2,709.62 at 4 p.m. New York time. The Standard & Poor’s 500 Index added 1.4 percent to 1,390.69. The Dow Jones Industrial Averagerose 89.16 points, or 0.7 percent, to 13,090.72. Apple (AAPL) is not a member of the 30-stock gauge. About 6.8…

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Taleb

A bit of a chat with Nassim Taleb – the author of Fooled by Randomness and Black Swans. I have never really been one of Talebs fans since Fooled by Randomness seemed to be a long series of self justifications as to why he couldn’t trade. The central undercurrent of the book seemed to be…

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