Friday, 24 January 2014
Heavy reading on shadow banking, another definition..
The Shadow Banking System is an Unstable Funding System for Banks, Not Assets
'The New York Fed monograph is often used to demonstrate how complicated and virtually incomprehensible the shadow banking system is.'
Oh, this is how it works, yo'll need to print a 48" poster to read it.
Don’t believe the hype about behavioral economics , - behavioral economics is over-rated because of her cognitive biases
An interesting piece trying to establish momentum in stocks. Highlight the flaws in historical trending and how arbitrary it can be by picking particular dates.
"With a 1-in-4 chance of getting a 20%+ return when investing money on any random day it puts in perspective that while 2013 was great it is not as unusual as many think."
Most Germans don’t buy their homes, they rent. Here’s why