Money and Finance
- Links
‘Flash Crash’ Overhaul Is Snarled in Red Tape (LINK) The CNBC coverage of the Flash Crash, 5 years ago today (video) (LINK) The June 2006 interview with Warren Buffett and Bill and Melinda Gates on Charlie Rose, after Mr. Buffett announced he...
- Hedge Fund Vs. Sovereign: How U.s. Courts Are Upending International Finance
Link to article: Hedge Fund vs. Sovereign There aren’t many institutions powerful enough to bring a sovereign nation to its knees. Most of those that are wield their power with great care; the rest are dangerous fundamentalists. Last week, the...
- The Absolute Return Letter, March 2014: A Century Of Policy Mistakes
Link to: A Century of Policy MistakesA century ago Argentina ranked as one of the wealthiest countries in world. Today it is a shadow of its former self. A long string of policy errors explain the long slide from riches to rags. Europe, like Argentina...
- New Debt Forecasts Dash Greece Hopes
The magnitude of Greece’s fiscal challenge was painted in sharp relief yesterday as Athens unveiled new budget projections exceeding the worst-case scenarios envisioned by international lenders when they agreed an €174bn rescue eight months ago. Instead...
- Hussman Weekly Market Comment: Preparing For A Greek Default
The yield on 1-year Greek government debt ended last week at 110%, down slightly from a mid-week peak of 130%. Even with the pullback, the Greek yield structure continues to imply default with certainty. All the markets are really quibbling about here...
Money and Finance
From Argentina to Athens - By Mohamed El-Erian
- There are way too many discomforting similarities between what has been happening in Greece recently and Argentina’s 2001 path to economic and financial turmoil.
- Unless Greek and European officials reflect on key lessons from Argentina's experience back then, the parallels could also end up including a financial meltdown, a deep output collapse, and social and political turmoil.
- Greece need not – and should not - continue to follow Argentina’s example of eleven years ago.
- Links
‘Flash Crash’ Overhaul Is Snarled in Red Tape (LINK) The CNBC coverage of the Flash Crash, 5 years ago today (video) (LINK) The June 2006 interview with Warren Buffett and Bill and Melinda Gates on Charlie Rose, after Mr. Buffett announced he...
- Hedge Fund Vs. Sovereign: How U.s. Courts Are Upending International Finance
Link to article: Hedge Fund vs. Sovereign There aren’t many institutions powerful enough to bring a sovereign nation to its knees. Most of those that are wield their power with great care; the rest are dangerous fundamentalists. Last week, the...
- The Absolute Return Letter, March 2014: A Century Of Policy Mistakes
Link to: A Century of Policy MistakesA century ago Argentina ranked as one of the wealthiest countries in world. Today it is a shadow of its former self. A long string of policy errors explain the long slide from riches to rags. Europe, like Argentina...
- New Debt Forecasts Dash Greece Hopes
The magnitude of Greece’s fiscal challenge was painted in sharp relief yesterday as Athens unveiled new budget projections exceeding the worst-case scenarios envisioned by international lenders when they agreed an €174bn rescue eight months ago. Instead...
- Hussman Weekly Market Comment: Preparing For A Greek Default
The yield on 1-year Greek government debt ended last week at 110%, down slightly from a mid-week peak of 130%. Even with the pullback, the Greek yield structure continues to imply default with certainty. All the markets are really quibbling about here...