Diseases of Affluence

Trading Resources

RECENTLY I WORKED as an internist-intensivist at the Canadian Combat Surgical Hospital in Kandahar. Most of our casualties were Afghans: National Army soldiers, National Police and civilians caught in crossfire. They were diminutive men, almost always less than a hundred and forty pounds. I cannot comment on the body masses of the Taliban—they were never…

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Retail Therapy

Economy

I have opined before about my welcoming the death of the local Borders and Angus and Robertson bookstores. There is only so long you can go on ripping people off before they wise up – consumers are many things but there does come a point when they do become price sensitive. This reflexive price sensitivity…

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To parity and beyond

Trading Resources

Well, so much for newspapers screaming that the days of parity were long gone. I think this example presents somewhat of a salutory lesson about trading within a crisis and is and isnt a good idea. It is clear that the AUD broke down into its trading range on the back of events in Japan.…

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Worth the risk?

Trading Resources

This is a chart of the Nikkei ETF – I have chosen the US listed version over the local one simply because of the higher volume, greater liquidity and therefore better price discovery. I don’t find the panic selling of the past week very interesting, what I find interesting is that these sellers didn’t seem…

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