Random Austerity Measure Generator
This is a bit of fun. I got – Eating on an empty stomach is now restricted in France.
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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.
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.
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…
A Picture Paints A Thousand Words
This was attributed to Frederick R Barnard in Pinters Ink (1921). So here are 1300 give or take words on gold and one picture.
A Few Random Thoughts
These are some random thoughts I have been putting together following the events of last week. 1. Markets move from manic to panic within a few sessions. Those who still cling to the outdated notion that humans are rational assume that when markets transition they do so in an orderly fashion. The thinking is that…
Gold Reserves
A question was raised in the comments section about the level of gold reserves held by Greece – a bit of google-fu shows something very interesting. The Greeks are better off than we are and we produce most of the damned stuff. Source – Wikipedia
Flash Gordon
Apologies to those who got the theme to this appalling film stuck in their heads. This is from Highlander, Queens second attempt at scoring a film.
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