Psychopaths On Wall Street

I’d guess closer to 100%. ;) The Shocking Statistic About Psychopaths On Wall Street By Sam Ro February 28 — The March/April issue of the CFA Magazine has a fascinating article titled “The Financial Psychopath Next Door.” A shocking statistic jumped out at us. From the article: Studies conducted by Canadian forensic psychologist Robert Hare […]

Volatility article in Markets Media

Thanks to Will Thompson. I got a nice mention here explaining how tail hedging can cause the kind of volatility we are now seeing, much like the crash of 1987: Volatility: An Asset Class or Quick Buck? Posted on August 8, 2011 The CBOE Volatility Index, commonly referred to as the market’s “fear index,” has […]

Zoellick Sees ‘Elephant,’ Not Endorsing Gold Standard

Back pedaling from yesterday’s remarks, but just getting the fish hook in deeper. Gold is a non financial asset,not an ‘alternative monetary asset’ Starting to look like the QE fairy dust is wearing off. The dollar selling was the focus of the ‘risk on’ hysteria, and it looks like the dollar may have stopped going […]

cross currents

I wasn’t sure whether to send this, as it reveals my lack of clarity on current events, but decided to send it to make the point. Here’s what I see: Markets are already discounting a large QE and are also discounting that QE actually makes a difference: The dollar went down Gold went up Commodities […]

State of the Hedge Fund Industry Conference – Sept 14 – NYC

State of the Hedge Fund Industry September 14, 2010, 1pm-5pm followed by cocktail reception New York City Join us as distinguished experts from the hedge fund industry speak candidly about the biggest issues affecting managers today. Speakers will discuss challenges and opportunities in a post-financial crisis world, including the new—more difficult—capital raising environment; what smaller […]


Markets are getting closer to the idea that: Interest rates don’t/won’t help QE doesn’t/won’t help With the larger point being coming to terms with the possibility the Fed can’t inflate, or do much of anything that actually matters for the real economy, except maybe fund zombie entities to keep them from failing. So bonds are […]

UN calling trade deficit a privilege

[Skip to the end] Interesting! At least a small sign of the world beginning to figure it all out. >    >   The United Nations called on Tuesday for a new global reserve currency to end dollar >   supremacy which has allowed the United States the “privilege” of building a huge trade >   deficit. >    UN calls for new […]