QOTD

Playboy: If life is so purposeless, do you feel its worth living? Stanley Kubrick: Yes, for those who manage somehow to cope with our mortality. The very meaninglessness of life forces a man to create his own meaning. Children, of course, begin life with an untarnished sense of wonder, a capacity to experience total joy at something…

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Why you are anxious all the time

Anxiety is our fundamental state for well-founded reasons: – Because we are intensely vulnerable physical beings, a complicated network of fragile organs all biding their time before eventually letting us down catastrophically at a moment of their own choosing. – Because we have insufficient information upon which to make most major life decisions: we are…

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An astonishing record – of complete failure

In the 2001 issue of the International Journal of Forecasting, an economist from the International Monetary Fund, Prakash Loungani, published a survey of the accuracy of economic forecasts throughout the 1990s. He reached two conclusions. The first was that forecasts are all much the same. There was little to choose between those produced by the…

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Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor

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…

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