Nov 18, 20090
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Jan 27, 20080
US fed rate drop an embarrasing reactive blunder?
In what could only be described as an outrageous series of events, a single institutional broker's actions last Monday and Tuesday may have triggered an entire world market collapse. Société Générale rushed to unload around $75 billion of bad trades on European stockmarkets placed by a rogue trader, Jérôme Kerviel. These offloads may have contributed to last week's severe decline in European and Asian markets around the world, ...
Jan 24, 20082
viral insanity
Just got back from a week in London and Tokyo, mostly away from watching the markets. I'm sure glad it turned out that way, it simply meant I didnt have to sit through the absolute insanity of watching the market sell off at stupidly low prices only to buy back at higher prices the next day. Also, I didn't have to make any decisions to sell any of ...