Are concerns over a Greek Euro exit overdone ?

Sun, 20 May 2012 21:33:45 +0000

The press and the market continues to speculate about the negative impact of an exit of Greece from the Euro (expectations seems to be over 50%) and both the financial consequences of such an exit on the EZ (indeed everyone else) and, in particular, on the adverse contagion issues in respect of the other PIIGS and core EZ [...]

Nassim Taleb: Bad Risk Management & Poor Models Creates Systemic Risk

Sun, 20 May 2012 15:28:48 +0000

BBC Interview with Nassim Taleb on JPMorgan Hat tip Jesse’s Cafe Americain

Four Years After AIG, Wall Street Back to its Old Tricks

Sun, 20 May 2012 14:00:17 +0000

> My Sunday Washington Post Business Section column is out. This morning, we look at the JPM debacle: Has the Economy been made safe from Wall Street? The short answer is not very. The print version had the full headline Four short years after AIG, Wall Street is back to its old tricks (The online version [...]

More On J.P. Morgan’s Losses

Sun, 20 May 2012 12:30:52 +0000

The Financial Times - JPMorgan unit has $100bn of risky bonds The unit at the centre of JPMorgan Chase’s $2bn trading loss has built up positions totalling more than $100bn in asset-backed securities and structured products – the complex, risky bonds at the centre of the financial crisis in 2008. These holdings are in addition to [...]

10 Of The Fastest Super Cars In The World

Sun, 20 May 2012 12:00:22 +0000

Bugatti Veyron Super Sport ˜˜˜ Gumpert Apollo ˜˜˜ Hennessey Venom GT ˜˜˜ More after jump Koenigsegg CCX ˜˜˜ Koenigsegg Agera R ˜˜˜ Saleen S7 Twin Turbo ˜˜˜ SSC Ultimate Aero ˜˜˜ McLaren F1 ˜˜˜ Zenvo ST1 ˜˜˜ Noble M600 Source: Market Watch

10 Sunday Reads

Sun, 20 May 2012 11:30:47 +0000

Good morning. Its time for some reads to start your Sunday: • The Market Is Starting To Recognize Reality (Comstock Partners, Inc) • Greece’s predicament: Lessons from Argentina (VOX EU) • What Money Can’t Buy: The Moral Limits of Markets (B&N Review) • 11 Brilliant Insights From Wall Street Legend Barton Biggs (Business Insider) • [...]

Another difficult week for markets

Sun, 20 May 2012 09:00:24 +0000

Indian consumer prices rose by +10.36% in April YoY, as food prices increased, and higher than the +9.38% in March. Headline WPI rose to 7.2% in April, up from 6.9% in March. However, lower oil prices (particularly if sustained) will help materially in coming months; The Bank of Spain reported that bad loans increased by [...]

Syndicate: If You Can Get It, Run The Other Way

Sat, 19 May 2012 20:05:20 +0000

Given the insane hype surrounding the Facebook IPO, it should really have come as no surprise to anyone that it’s being perceived as a massive flop. (A search at the NY Times website turns up no articles about Cisco Systems 1990 Initial Public Offering (Feb 16, 1990 at a split-adjusted price of $0.06); it does [...]

Dr. Frankenstein’s Europe

Sat, 19 May 2012 19:56:43 +0000

Dr. Frankenstein’s Europe By John Mauldin May 19, 2012           There Is No Easy Grexit A Rational Bank Run Greek Fatigue The Alligator of Bank Runs Who Gets the Old Maid? Atlanta, New York, Philadelphia, Italy, and Singapore “Had I right, for my own benefit, to inflict this curse upon everlasting [...]

Why Foxes Are Better Forecasters Than Hedgehogs

Sat, 19 May 2012 19:00:14 +0000

Why Foxes Are Better Forecasters Than Hedgehogs from The Long Now Foundation on FORA.tv > From his perspective as a pyschology researcher, Philip Tetlock watched political advisors on the left and the right make bizarre rationalizations about their wrong predictions at the time of the rise of Gorbachev in the 1980s and the eventual collapse [...]