I was doing a bit of digging through my archive of bits and pieces when I found the graphic below.  

If you want a neat encapsulation of how financial markets work and the inanity of much of what goes on and the post-dictive rationalisation that everyone employs. Then you should treat yourself to a New Years present from KAL a cartoonist for Economist

Its funny how things never really change – I used to know people like this in the 1980s when I was a broker. In fact it was decision to try and throw one of them out of a window that made me seriously consider my career in the sell side of finance. Did I mention…

“Can you eat gold? No. You can eat and barter Spam” Nouriel Roubini, economist, Dec 14 2011 I do note that bread may actually have been a better investment than Gold as well. In 1980 the average cost of a generic loaf in Victoria was $0.54 – today this price can be as high as…

Here is an updated chart with the long term average in red.

SBA

………the wanker in your family, try this

For a mere 25k this table can be yours for Christmas. Click here for more…….

If ever you have wondered why there was a profound lack of resolve on the behalf of the SEC to prosecute the flagrant illegalities arising from the GFC then you might get a partial clue as to why below. WSJ….Members of Congress already get better health insurance and retirement benefits than other Americans. They are…

Got bounced this inflation adjusted chart produced by Deutsche Bank – its interesting but the information management in the graph is crap.