October 13, 2008
Provocative post by John Jansen on regulating the markets via tying trader performance more closely to longer-term performance. It's an idea I've been pushing too, but John has articulated it better: In the current framework a trader’s focus is only...
In an update to my "surprise, surprise" file, reader Greg Church caught this release from the WHO: New virus from Arenaviridae family in South Africa and Zambia - Update 13 October 2008 -- The results of tests conducted at the...
936 points on the Dow. 11.1%. Oh. My. Goodness. Almost unbelievable. I'll leave to others to put it in context in terms of biggest-first-day-after-apocalypse-rebounds-on-prime-numbered-weekdays-in-October, but I'll just say this: the G7 put sure beats the crap out of the Greenspan...
This, boys and girls, is what you call a relief rally in markets. There are some staggering numbers out there, especially from Germany, Hong Kong, and Brazil indices. As I wrote in my weekend TheStreet column, this sort of move...
Huge congratulations to Princeton economist -- and part-time NY Times columnist -- Paul Krugman for winning the Nobel in Economics today. Mr. Krugman was the lone winner of the 10 million kronor ($1.4 million) award and the latest in a...
I want to warn people about another derivatives sub-market, one that gets far less attention than the purportedly $36-trillion market (or whatever the current claimed number is) for credit default swaps. It is something called "shares". You may not have...
Interesting tidbit in a Paul Krugman column in the Monday NY Times. He lauds U.K. Prime Minister Gordon Brown's approach to bailing out U.K. banks, and says Brown is the real agenda-setter here with his recapitalization program, as opposed to...
Great video (via Barry) of economist Irving Fischer talking stocks after the crash of 1929:...
