October 29, 2008
Nice Bloomberg chart of how market liquidity has trended over recent years, with things currently remaining highly restrictive in historical terms: More here....
I have been remiss in doing this for a bit, so here are some links to papers/abstracts that recently caught my eye: Didier Sornette on how to repair trust in a complex system post-crisis (Source) Analytical and Numerical Investigation of...
Some quick links to items of interest: TV seeing political ad spending 40% below some forecasts, despite record fund-raising (Bloomberg) Profile of Bill Fleckenstein and fellow short-sellers (Bloomberg) Predator-Prey Model for Stock Market Fluctuations (arXiv) Financial leverage – lights on...
I have a new column up on the “whys†and “how longs†of the dollar’s recent moonshot. More here....
Since my friend Joe Nocera first wrote about it last weekend in the NY Times, I have seen a spate of other articles all saying that bank executives are bad people for taking money from the U.S. Treasury and not...
I’m a big fan of Jared Diamond, in particular his books Collapse and Guns, Germs, and Steel. both of which are laudable efforts to take on massive and highly complex subjects, albeit at opposite ends of societal evolution. Anyway, I...
The Peterson Institute has brought back the “misery indexâ€, a combination of the inflation rate and the level of unemployment, and added to it a measure of asset price declines. The upshot? The modified misery index is now at record...
Michael Milken (yes, that Michael Milken) was on Charlie Rose last night. While his fellow guest, Mohammad Yunus, is a fascinating guy doing great work in microfinance, at some point I would still like to have Milken alone for the...
We have temporarily dodged a bullet. The upcoming IEA World Energy Report will say that global oil supplies are falling faster than expected, and massive investments are required just to (almost) stand still. The only thing making things marginally less...
