My afternoon train reads:
• The Rally in Three Charts (Hint: It’s Not All About the Fed) (Moneybeat)
• Santoli: ‘New Abnormal’ Is the New ‘New Normal’ – but What Is It? (Yahoo Finance)
• The central bank (communications) bubble (FT Alphaville) see also Inflation Continues to Undershoot Fed Target (Real Time Economics)
• Tokyo Shares Get a Second Look (WSJ)
• Not Even ‘Googling’ Your Financial Advisor, Seriously? (CNBC)
• Hospital CEO Bonuses Reward Volume and Growth (ABC) see also The Further Adventures of the Free Market (Esquire)
• 7 Important Examples of How Markets Can Fail (Fiscal Times)
• Bartlett: How the Revival of Postwar Germany Began (Economix)
• Are Bigger Universities Better? (priceonomics)
• Gagged by Big Ag (Mother Jones)
What are you reading?
Will Home Prices Be Constrained by Stagnant Incomes?
Source: Real Time Economics
Category: Financial Press
The Times’s David Gillen on market gyrations as Wall Street and world economies tries to guess when the Federal Reserve will slow, or taper, its extraordinary measures to bolster the economy.
Category: Federal Reserve, Video
The pushback from the weekend’s WaPo column was surprisingly fierce. If you can tell me what asset classes will perform best each year in advance, than by all means over-weight that sector. But if you are like the other 99.99% of investors, you are probably better off saying to yourself “Why should I guess when…Read More
Category: Asset Allocation, Fixed Income/Interest Rates, Investing
My morning reads: • Duh: High-frequency trading tactic lowers investor profits (Phys Org) • Quantitative easing may be most powerful when it ends (Telegraph) but see QE addiction may be hard to kick (FT.com) • Stan Druckenmiller: ‘Do I Have A Competitive Advantage Left?’ (Moneybeat) • FHFA Hires Insurance Lobbyist as Insurance Consultant (American Banker)…Read More
Category: Financial Press
I have a few conferences coming up later this summer, and as part of one event, I was asked a series of questions in advance. Its a pre- interview, and I figured I would work my way through the questions a little bit all week. But then I read the first question — the headline…Read More
Category: Economy, Financial Press, Markets, Philosophy
A Market Built on Theft Sucks Themis Trading 18 November, 2011 OK. Sorry for this; long note coming. You remember the latency arbitrage that HFT said doesn’t exist? Manoj Narang, CEO of Tradework, the only HFT firm dying to speak about HFT strategy to regulators, big media, small media, industry panels, and folks in…Read More
Category: Legal, Regulation, Think Tank, Trading
I like the thought process here: How You Can Change Your Decision Making Raise your awareness: Incomplete information and lots of uncertainty leads to poor outcomes Put yourself in the shoes of others: Consider the point of view or experience of other people Recognise the role of skill and luck: Sorting skill from luck is essential for evaluating…Read More
Category: Philosophy
