I have noted that over the past few months the ad’s extolling people to buy gold have disappeared from the radio and the best comment I have heard about gold lately is that its a pet rock. What does intrigue me though is that gold bugs seem to be the only people in the world…
Schlappig, 25, is one of the biggest stars among an elite group of obsessive flyers whose mission is to outwit the airlines. They’re self-styled competitors with a singular objective: fly for free, as much as they can, without getting caught. In the past 20 years, the Internet has drawn together this strange band of savants…
Tesla have just announced that their Model S sedan will now come with an optional ludicrous speed mode. This promises to push the hyperactive buzz box to 100 kph in around 2.8 seconds. To put that into context the quickest bus I have owned will do it in about 4.4 seconds and a $3,000,000.00 plus…
This is a bit of fun. I got – Eating on an empty stomach is now restricted in France.
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.
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.
Source – HANDBOOK OF FINANCE: VOLUME 2: INVESTMENT MANAGEMENT AND FINANCIAL MANAGEMENT, Frank J. Fabozzi, ed., John Wiley & Sons, pp. 85-111, 2008
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…
This was attributed to Frederick R Barnard in Pinters Ink (1921). So here are 1300 give or take words on gold and one picture.
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 Those who still cling to the outdated notion that humans are rational assume that when markets transition they do so in an orderly fashion.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…
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