Money and Finance
- The Calm Before The Storm - By Nassim Nicholas Taleb And Gregory F. Treverton
Link to article: The Calm Before the Storm: Why Volatility Signals Stability, and Vice Versa The divergent tales of Syria and Lebanon demonstrate that the best early warning signs of instability are found not in historical data but in underlying...
- The Fed Chairman Is Not Always The Key Speaker At Jackson Hole - By Frank Martin
Found via Santangel’s Review. If you hung on the words of Ben Bernanke at the August 31, 2012 Jackson Hole Symposium, you may have listened to the wrong speaker – or perhaps chosen the wrong time – if you were looking for clues about whether the...
- Richard Duncan Quotes
Longer excerpt from The New Depression (taken from my Kindle highlights, so the excerpts aren't necessarily the paragraphs I have put them in below, and there may be things in between that I didn't highlight). “The amount...
- Reuters Special Report - China's Answer To Subprime Bets: The "golden Elephant"
Found via Mish. The Chinese investment vehicle known as "Golden Elephant No. 38" promises buyers a 7.2 percent return per year. That's more than double the rate offered on savings accounts nationally. Absent from the product's prospectus is any...
- The Washington Post: A Conversation With Nassim Nicholas Taleb
How do you define a Black Swan? If they're so unexpected, how can we prepare for them? A Black Swan is an exception, like the bird. It is an event with massive consequences that is unexpected. My idea is not simply to say that these things happen....
Money and Finance
On Early Warning Signs
Found via Simoleon Sense.
At a closed meeting held in Boston in October 2009, the room was packed with high-flyers in foreign policy and finance: Henry Kissinger, Paul Volcker, Andy Haldane, and Joseph Stiglitz, among others, as well as representatives of sovereign wealth funds, pensions, and endowments worth more than a trillion dollars—a significant slice of the world’s wealth. The session opened with the following telling question: “Have the last couple of years shown that our traditional finance/risk models are irretrievably broken and that models and approaches from other fields (for example, ecology) may offer a better understanding of the interconnectedness and fragility of complex financial systems?”
- The Calm Before The Storm - By Nassim Nicholas Taleb And Gregory F. Treverton
Link to article: The Calm Before the Storm: Why Volatility Signals Stability, and Vice Versa The divergent tales of Syria and Lebanon demonstrate that the best early warning signs of instability are found not in historical data but in underlying...
- The Fed Chairman Is Not Always The Key Speaker At Jackson Hole - By Frank Martin
Found via Santangel’s Review. If you hung on the words of Ben Bernanke at the August 31, 2012 Jackson Hole Symposium, you may have listened to the wrong speaker – or perhaps chosen the wrong time – if you were looking for clues about whether the...
- Richard Duncan Quotes
Longer excerpt from The New Depression (taken from my Kindle highlights, so the excerpts aren't necessarily the paragraphs I have put them in below, and there may be things in between that I didn't highlight). “The amount...
- Reuters Special Report - China's Answer To Subprime Bets: The "golden Elephant"
Found via Mish. The Chinese investment vehicle known as "Golden Elephant No. 38" promises buyers a 7.2 percent return per year. That's more than double the rate offered on savings accounts nationally. Absent from the product's prospectus is any...
- The Washington Post: A Conversation With Nassim Nicholas Taleb
How do you define a Black Swan? If they're so unexpected, how can we prepare for them? A Black Swan is an exception, like the bird. It is an event with massive consequences that is unexpected. My idea is not simply to say that these things happen....