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...
- How Zara Grew Into The World’s Largest Fashion Retailer
Galicia, on the Atlantic coast of northern Spain, is the homeland of Generalissimo Francisco Franco, but is otherwise famous for being a place people try to leave. For much of the 20th century, hundreds of thousands of gallegos, as they are called, emigrated...
- 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
John Mauldin: Argentina on Sale
There are some who worry whether the path that Argentina has taken to monetary ruin on multiple occasions (and that it seems intent on taking again) is one that the US may also find itself on. That worry has crossed my mind a few times, I must confess. Today we will look at Argentina more in depth. From a monetary perspective, it deserves attention. And once again there will be opportunity.
Let me jump right to the conclusion: Just as Spain is not Greece, because each chose a unique route to economic malaise, the US is not Argentina. We are perfectly capable of avoiding Argentina’s problems while cooking up ones that are all our own. But there are some worrisome and potentially instructive issues in Argentina.
- 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...
- How Zara Grew Into The World’s Largest Fashion Retailer
Galicia, on the Atlantic coast of northern Spain, is the homeland of Generalissimo Francisco Franco, but is otherwise famous for being a place people try to leave. For much of the 20th century, hundreds of thousands of gallegos, as they are called, emigrated...
- 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...