PIIG’s

Economy

An interesting graphic from The Economist depicting who is picking up the bill for bailout of Portugal, Ireland and Greece. The price of having a government that cannot run a hot bath is very high…for others.    

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China

Trading Resources

This chart of the Shanghai Composite interests me. If we accept that markets are forward pricing mechanisms then this presents an interesting picture of the true internal dynamics of the Chinese economy. As opposed to the state sponsored data shows this chart by derivation an economy that is actually slowing not expanding. The Shanghai Composite…

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The Short Long

Trading Resources

Interesting speech by a Bank of England official about the demise of the notion of a long term time horizon in investing, a sentiment I would tend to agree with. It is a constant battle to get traders to think about where they will be next year ass opposed to where they will be will…

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WTF??

Trading Resources

This is Goldmans view on the Euro – if someone can understand it can they please tell the rest of us – 1. Risk Correlations: In recent days we had become more preoccupied with potential risks to our tactical trading recommendations. We published a daily on the persistent Dollar correlations with risk assets and on…

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Delusions…..again

Trading Psychology

I have written before about the nature of delusions and how permanent they seem to be in those that suffer them. Every time I come across something to do with such behaviour it reinforces in me that irrationality is the default state for humans and that there is not a lot that can really be…

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