Financial Markets

Agree with Willem Buitler . . . stay tuned as 2010 could be another year of volatile financial markets as the difficulties spread to nation-states. Willem Buitler : Professor of European Political Economy, London School of Economics and Political Science; former chief economist of the EBRD, former external member of the MPC; adviser to international organisations, [...]

[Read more →]

A global market perspective that I agree with . . . November 23, 2009 The Future That Was China’s economic model is reminiscent of 17thcentury mercantilist policies. Thomas Mun, a Director of the East India Company, in England’s Treasure by Foreign Trade (1664), wrote that the purpose of trade was to export more than you imported. [...]

[Read more →]

Below is the complete presentation; a top level perspective. A year ago, when I presented at this conference, the mood was one of uncertainty and fear. Our industry was rocked to the core, buffeted by extraordinary volatility, and, in the credit markets, extreme illiquidity. Twelve months later, conditions across financial markets have improved significantly, and [...]

[Read more →]

Always admired John Mack. See what he did at Morgan Stanley. Inside the Bunker: CEO John Mack on Saving Morgan Stanley Published : October 14, 2009 in Knowledge@Wharton During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The [...]

[Read more →]

Japan must shake off US-style globalization The likely next prime minister outlines his hopes for a more Asia-focused Japan. By Yukio Hatoyama from the August 19, 2009 edition Print this Buzz up! Email and share E-mail newsletters RSS TOKYO – In the post-cold war period, Japan has been continually buffeted by the winds of market [...]

[Read more →]

Required reading for any student of the global financial markets. Read all 477 pages here

[Read more →]

I like Craig Newmark and admire him for what he has accomplished in this world  m Why Craigslist Is Such a Mess By Gary Wolf08.24.09 Craigslist founder Craig Newmark. Photo: PLATON The Internet’s great promise is to make the world’s information universally accessible and useful. So how come when you arrive at the most popular dating site [...]

[Read more →]

Black Swans  ? An alternative view here.

[Read more →]

Agree completely. The USA must spend within its means, continually borrowing is not a viable policy, no exceptions. Once the US economy has been fixed,  expenditures/investments can be made. August 19, 2009 The Greenback Effect By WARREN E. BUFFETT Omaha IN nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are [...]

[Read more →]

The Real Story of Trading Software Espionage By Rob Iati, Partner, The TABB GroupJULY 10, 2009 Much has been made of the 32MB of Goldman Sachs’ proprietary algorithmic trading code (“trading secrets”) allegedly stolen by Sergey Aleynikov, now portrayed in the financial media as the new Julius Rosenberg, Aldrich Ames, Robert Hanssen and John Walker [...]

[Read more →]