Posts filed under “Books”

Open Secret of Libor Manipulation

open secretOpen Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions is the new book written by Erin Arvedlund.

The book goes behind the scenes of the elite firms that trafficked in LiBOR based products, including Barclays Capital, UBS, Rabobank, and Citigroup to show the negative impact they had on both ordinary investors and borrowers.

Erin’s claim to fame was a column she wrote in Barron’s in the early 2000s outing Bernie Madoff as a fraud. It was a national bestseller titled Too Good to Be True.

Here is Yahoo:

“LIBOR, the London Interbank Offered Rate, is a global benchmark for interest rates. It’s tied to everything from mortgage rates and student loan rates to complex financial derivatives. And guess what? For a very long time it was rigged.

Now, multiple lawsuits are pending, and that could mean some money back for some investors, traders and consumers.

LIBOR is set each day by a group of bankers, based on estimates of rates at which banks would expect to borrow money from each other. It’s a system built on trust, not math. Regulators were tipped off back in 2007 that banks were fixing rates, and by the summer of 2012, an ugly scandal was revealed. An estimated $300 trillion in financial securities worldwide are based on LIBOR.

Video after the jump . . .

Read More

Category: Books, Fixed Income/Interest Rates, Legal

Mauldin: Bubbles, Bubbles Everywhere

Bubbles, Bubbles Everywhere By John Mauldin August 15, 2014     Easy Money Will Lead to Bubbles Excess Liquidity Creating Bubbles Humans Never Learn Anatomy of Bubbles and Crashes A Few Good Central Bankers Jack Rivkin at His Best Dallas, San Antonio, and Washington DC     The difference between genius and stupidity is that…Read More

Category: Books, Sentiment, Think Tank

Priceonomics: Everything is Bullshit

I am about halfway through this, whose title reminded me of Sturgeon’s Law (90% of Everything is Crap):   Check it out on Amazon.

Category: Books, Digital Media

Clash of the Pundits: Morgan Housel Interviews Josh Brown

Hey now:

clash

Morgan speaks with Josh about Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse.

There are a lot of smart investors. There are a lot of entertaining people. There are few of both. Josh Brown, The Reformed Broker blogger is one of them. He is as insightful as he is hilarious, which, after bursting onto the scenes a few years ago, made him almost overnight one of the biggest names in the financial media.

Josh’s new book, Clash of the Financial Pundits, co-written with Jeff Macke, digs deep into the financial punditry business to show why pundits talk and investors listen. It’s a incredibly good read.

Josh sat down with Morgan earlier this week.

Have a look:

 

 

 

 

Category: Books, Video

How to Build a Better Bailout

“To avert panic, central banks should lend early and freely, to solvent firms, against good collateral, and at ‘high rates.’ ” -Walter Bagehot, Lombard Street   Former U.S. Treasury Secretary Timothy Geithner has been promoting his new book, “Stress Test: Reflections on Financial Crises.” I haven’t read it, and based on what I have heard…Read More

Category: Bailout Nation, Bailouts, Books, Really, really bad calls, Taxes and Policy

Piketty vs John Stuart Mill’s Marketplace of Ideas

Source: Amazon Any reader of this site has likely heard about the book currently setting the world of economics aflame. “Capital in the Twenty-First Century” was written by a French economist named Thomas Piketty. It is on the New York Times best-seller list and is currently sold out, with its publisher scrambling to print more…Read More

Category: Books, Philosophy, Really, really bad calls, UnGuru

24 Books You’ve Never Heard Of But Will Change Your Life

24 Books You’ve Never Heard Of But Will Change Your Life 24 Books You've Never Heard Of – But Will Change Your Life from Ryan Holiday

Category: Books, Digital Media

Flash Boys Rules

ADVANCE PROMOTION IS DEAD Your anticipatory hype is forgotten in the endless tsunami of new data. It makes no sense to build anticipation, it just dissipates. Now you pounce when the story is hot. Radiohead started it, Beyonce improved upon it and now Michael Lewis is taking it to the book business. The new watchword…Read More

Category: Books, Think Tank, Trading

The Clues to a Great Story

Source: Imgur Hat tip TED and Super Interessante

Category: Books, Digital Media, Psychology, Weekend

Mobile Changing Audio Books & Narration

Donald Katz, chief executive officer of Audible, a provider of audio books, magazines and newspapers on the Internet, talks about the company’s innovations and growth on Bloomberg Television’s “Bloomberg Surveillance.”

How Has Mobile Changed Audio Books?

Source: Bloomberg, Nov. 1 2013

~~~~~~~~~~~~

Audible Is a `Huge Employer of Actors,’ Katz Says

Donald Katz, chief executive officer of Audible Inc., a provider of audio books, magazines and newspapers on the Internet, talks about the company’s innovations, growth, strategy and integration with parent company Amazon.com Inc. Katz speaks with Cory Johnson on Bloomberg Television’s “Taking Stock.”


Source: Bloomberg, June 29 2013

Category: Books, Video