QOTD: Reorganizing Europe

I have to admit I am intrigued by this advice:

Reorganise Europe. Sell off France, privatise Spain and Italy, nationalise Germany, buy Switzerland, put Greece on six months performance watch, promote Poland, retire off Luxembourg  and make Belgium redundant.

Source:  Polemic’s Pains

 

If Europe does not get its act together soon, this process might come under more serious consideration!

 

Category: Humor, Investing

Moral Hazard and the LTCM Bailout

Today is an auspicious anniversary, though it’s one I suspect many people may not recall. On Sept. 23, 1998, former Federal Reserve Chairman Alan Greenspan and William McDonough, then president of the Federal Reserve Bank of New York, managed to orchestrate the rescue of the hedge fund Long Term Capital Management. It was a strange…Read More

Category: Credit, Hedge Funds, Really, really bad calls

10 Tuesday AM Reads

Welcome to Fall! Here are our first post Autumnal Equinox reads to start off the new season: • The U.S. Economy chugs along (Fidelity) • Bond Losses Wiped Out for Treasuries as Dollar Conquers All  (Bloomberg) see also What is the Dollar Saying? (Market Anthropology) • The short-sighted US buyback boom: Unless the roots of the…Read More

Category: Financial Press

The Great Housing Boom of China

Category: Think Tank

Billionaire Census 2014

Wealth-X And UBS Billionaire Census 2014 from Wealth-X on Vimeo.

Category: Video, Wages & Income

10 Monday PM Reads

My afternoon train reads: • The Rise of Ultracheap Financial Advisers (WSJ) • Why Warren Buffett hates gold (USA Today) • Eric Holder’s Shameful Legacy on Wall Street Fraud (Fiscal Times) • Buy? Sell? Or Hold? (WSJ) see also I Really Want to Crush the Efficient Market Hypothesis (Pragmatic Capitalism) • Census data on poverty…Read More

Category: Financial Press

Risks to Family Wealth

Source: U.S. Trust

Category: Digital Media, Markets, Wages & Income, Wealth Management

FOMC dissents from 1936 until 2013

Source: St. Louis Fed

Category: Digital Media, Federal Reserve

Why Hedge?

The news last Monday was a shock — the Calpers California earthquake. For a variety of reasons, the California Public Employee’s Retirement System, the nation’s largest public-pension fund, said it was dropping hedge funds from its roster of investment allocations. This tremor will be felt far and wide. We are unlikely to know the full…Read More

Category: Asset Allocation, Hedge Funds, Investing

10 Monday AM Reads

I’m back at my desk on Monday morning — these reads aren’t going to read themselves: • What is Alibaba? (WSJ) • The Dumb Money Is Getting Smarter Every Day (Bloomberg) see also   Markets’ Best Friend: Miscalculation (WSJ) • Rosenberg: Market volatility is back; here’s how to play it (Financial Post) • Are the Federal Reserve’s…Read More

Category: Financial Press