Financial Markets
The Plight of the MBA Generation
They did what they were supposed to do. Now, they have few job options at all.
Geeks Need to Know Economics
Anne Hathaway and Automatic Trading
Faced with such apparently nonsensical results as the Anne Hathaway effect, automatic trading programs look silly. On the other hand, this is true of any task to which humans put computers; it doesn't mean computers are useless.
Hidden Assumptions in Option Pricing
The main problem with Landsburg's argument is that it unintentionally misleads the reader.
Deep Freeze: Iceland’s Economic Collapse
Merger Monday and the Destruction of Wealth
Firms have lots of cash on their balance sheet and it's not earning anything. What to do? Buy the competition.
Don’t Buy Government Bonds
When the state spends more money than it receives in taxes — a fact indelibly written into the bond — it is deliberately committing an act of bankruptcy. Is dishonesty transmuted into its opposite when committed by a legal entity?
Gold Prices and Panic
Bernanke assured the national audience that the Fed was not printing money; however, he didn't explain where the Fed was going to get the funds to buy $600 billion worth of treasuries.