Financial Markets
Displaying 611 - 620 of 1070
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
It was a modern thriving economy one day, and then, suddenly, the food disappeared from the shelves, the banks closed, and the ships stopped arriving. Iceland in 2008 experienced an unprecedented economic meltdown that struck fear in the hearts...
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.
The Tragedy of the Euro
Philipp Bagus, professor of economics at Universidad Rey Juan Carlos in Madrid, is a young scholar with a large influence, having forecast all the problems with the Euro and having persuaded many economists on the Continent that this currency is...
Has Mish Deflated the “Inflationistas”?
I have not been persuaded by Mish's alternate framework. To be clear, I'm not arguing that Mish's fans should abandon their hero. Rather, I will simply point out that Mish's "calls" have not been nearly as prescient as he so often claims.
Bernanke’s Solutions Are the Problem
The worst of Bernanke's statements came in 2006, near the zenith of the housing bubble. This was the era of the subprime mortgage, the interest-only mortgage, the no-documentation loan, and the heyday of mortgage-backed securities.
