Stealing Secrets from Goldman Sachs
By Barry Ritholtz - July 10th, 2009, 9:26AM
Former Goldman Programmer Sergey Aleynikov Arrested for Theft Charges on July 3rd
Bloomberg News 4:14
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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July 11th, 2009 at 3:20 am
This is a prime example of why you Keynesians and your “managed economies” and fiat currencies are DEAD WRONG!
We are headed towards a cashless, electronic society controlled by corrupt bankers and even more corruptible algorithms and codes.
Keyneisan economics is fraudulent and anyone who promotes it directly, or indirectly, is neither a capitalist or a socialist… you’re just plain stupid!
Keep living the lie, sooner or later some of you will figure it out–hopefully by then you’ll be able to think freely about it and not have to worry about the Thought Police arresting you for blasphemy.