Monday, 14 December 2015

Tuesday, 1 December 2015

Thursday, 12 November 2015

edit and repeat...
One of the extraordinary accomplishments of the algorithmic trading programs in the beginning of the 21st century was that it managed to take financial markets that were inherently profound and render them trivial.

World energy watchdog fears 1970s oil crunch as Mid-East regains stranglehold

Monday, 9 November 2015

Bitcoin , MMM and the pyramid carson grain storing scheme.

Italy’s negative bond yields speaks volumes about Europe’s economy
"In November 2011, Italy’s 2-year yield stood at a crippling 7 percent"
"Last week, Italy, a country with the second-highest public debt burden in Europe after Greece, sold 2-year bonds at a negative yield for the first time."

Tuesday, 27 October 2015

Wednesday, 14 October 2015

Periculo ex maChina
The shadow convexity risk in the machine (and the VIX)
 'The Vix, Cole notes, is experiencing epileptic seizures including erratic and violent outbursts up and down at the most frequent pace in history as new sources of structural short convexity interact with interventionist policy responses to crisis.'

= the volatility index has been volitile...perhaps

Monday, 14 September 2015

Friday, 14 August 2015

Scary - Corbyn

from June...'For £3 you can vote in the Labour leadership election – Labour is panicking as apparently a lot of Tories are signing up to vote for Corbyn (this is now known as doing a Balotelli, after Liverpool’s player of the year was Balotelli due to other clubs’ fan voting for him in an open Liverpool supporters’ vote).'

Which country is most likely to have the next financial crisis?

Foreigners Flee Thai Stocks as Patience Wanes Over Pledges

Japan’s longest day: plot that nearly prevented war from ending

Thursday, 13 August 2015

Borris Falstaff

SPIEGEL: A short time ago, you purchased three water cannons from Germany for a quarter of a million pounds, but the home secretary has forbidden their use in Britain. Was this your worst deal ever?
Johnson: Rubbish, it was brilliant deal.

Wednesday, 15 July 2015

The 37 Best Websites To Learn Something New

Learn Guitar

"Greece "So, if we believe in the national income accounting identity Y=C+I+G+X, then we have positive outlooks for G, I, and X written into the numbers. I think it very much makes sense to look for a bounce back, quite soon."
Glad that's sorted then...

Wednesday, 8 July 2015

Tuesday, 7 July 2015

'Neither the Chinese stock slide or the Greek ‘no’ vote are having much of an effect on the gold price'

Monday, 8 June 2015

How central banks have sown the seeds for the next financial crisis

The Ugly Truth About Horse Racing

Farming in the Sky

Thursday, 4 June 2015

some summertime reading..

Thursday, 23 April 2015

Avoiding easy losses

Dear SRA, a problem solved? Quindell

Sarao Trader :It smacks of post hoc, ergo propter hoc reasoning

"Attributing the Flash Crash to his activity is also highly problematic. It smacks of post hoc, ergo propter hoc reasoning. Or look at it this way.The complaint alleges that Sarao employed the layering strategy about 250 days, meaning that he caused 250 out of the last one flash crashes. I can see the defense strategy. When the government expert is on the stand, the defense will go through every day. “You claim Sarao used layering on this day, correct?” “Yes.” “There was no Flash Crash on that day, was there?” “No.” Repeating this 250 times will make the causal connection between his trading and Flash Clash seem very problematic, at best. Yes, perhaps the market was unduly vulnerable to dislocation in response to layering on 6 May, 2010, and hence his strategy might have been the straw that broke the camels back, but that is a very, very, very hard case to make given the very complex conditions on that day."

and more on Sarao

Thursday, 16 April 2015

The bubble question & mean reversion

'The Shanghai index, which includes China’s biggest companies from banks to oil majors, is trading at a forward PE of about 15, in line with its ten-year average'

Monday, 2 February 2015

Nails it every time, Joseph Calhoun on Bret Easton Eliss, oh and rates

Cognitive vs. behavioral in psychology, economics, and political science

Greece needs Thatcheropoulous

A High Holborn Pub Stroll – Part 1 | THE HOLBORN

And more

The best adventure stories

Tuesday, 27 January 2015

What’s driving the price of oil down?
'little tool you can use to calculate how much of the change in the price of oil between any two dates would be attributed to demand factors'
Lauren Randolph


Monday, 19 January 2015

Monday, 12 January 2015

Brent Crude Future prices
White line is Feb15 2015 future moving up in 6 monthly contracts to August 2019

No growth or a fear bubble?

The global economy could be on the verge of a once-in-a-generation transformation

Only 1.6 percent of world's oil production at risk at $40

Entire oil complex slips into contango for first time since 2009

The Real Story of How America Became an Economic Superpower

Britain’s self-perpetuating property racket

The Real Story of How America Became an Economic Superpower

Why Fighting Oligarchs Is a Bad Idea