And still no one is in prison…. If you were writing a paranoidfantasyof gold price manipulation you’d be hard pressed to come up with something more on the nose than the U.K. Financial Conduct Authority’s order against Barclays. It has everything; it is the benchmark of manipulation by which all future manipulation will be measured. Well, this…
I came across this chart over the weekend. It looks at the volatility of stock, bond and currencies markets. The article that accompanies it falls into a trap I have commented on before namely, that volatility and changes in volatility are predictive. My view is that they are post-dictive – that is they react after…
I can see this catching on. According to the report, the billionaire businessman managed to swindle the state out of $2.6 billion, in a scam that began back in 2007. The execution happened suddenly, without giving Khosravi any notice, according to his attorney, Gholam Ali Riahi. More here – Latin Post
With old Tommy no longer with us and as a tragic Richmond supporter I thought it was worth giving this a run again.
If ever you wondered how stupid conservative politicians in the US are look no further
I must admit I have pondered this ever since a mate of mine had Russell Morris perform at his wife’s birthday and he was friggen excellent. Click the image below for the full list from Priceconomics
Average performers believe their errors were caused by factors outside their control: My opponent got lucky; the task was too hard; I just don’t have the natural ability for this. Top performers, by contrast, believe they are responsible for their errors. Note that this is not just a difference of personality or attitude. Recall that…
I have just finished wading through The Physics of Wall Street by James Owen Weatherall which tracks the impact of quantitative traders on both finance at large and Wall street in particular. As the title suggests it concentrates most on physicists who have made the leap into finance and with them have brought their impressive…
When novice traders enter the world of trading they are bombarded by all sorts of rubbish about what to do and how to do it. Unfortunately, very little of this material covers what is actually important and none of it seems to mention the words courage and patience. I have spoken about the notion of…
I have no idea why I find this interesting. Whoosh!” bragged geneticist Michael Myre, spreading his fingers and pushing his hands away from his body. “That’s what they’ll do.” ‘Whoosh’ is not a word often applied to the slime mould Dictyostelium discoideum — affectionately called ‘Dicty’ by its devoted following of cell biologists and geneticists — but Myre,…
I remember sitting in an airport watching this unfold on the tv’s in the lounge trying as hard as I could not to get overly shitty that I had chosen now to be in between offices….. In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a…
I have been waiting for awhile for a breakout of congestion to enable me to go long the Dow. Looks like I will have to wait a little bit longer.
