Why Are We Not Surprised.

Apparently Greece that wonderfully run little third world country in the Mediterranean that is causing the rest of Europe heartburn with its institutionalised dishonesty may miss all of its targets. For an entertaining short piece on how Greece’s level of dishonesty could have been spotted see the always interesting Tim Harford

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This Is Fu#$ed Up

Here is a young man who is clearly better than his peers being penalised for being better. Like Jimerson, Hill attended Wilson Intermediate School and dominated the football field so thoroughly, the league invoked what came to be known as the Madre Hill Rule. Once Hill scored three touchdowns, if his team had a 14-point…

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I Love A Good Disaster Film

More predictions of doom and gloom in Greece. The interesting thing about Greece is that that this is not the first time Greece has caused problems. On a more pragmatic note this to me is a simple trading question – a loss exists and various governments and banks are prevaricating about taking this loss. Many…

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Rogue Hormones

IF THE losses at UBS that surfaced this month were caused by a “rogue” trader, would that make his colleagues stable? Not if research being undertaken by John Coates, a neuroscientist at Cambridge University and a former derivatives trader, is anything to go by. His work suggests that hormones drive investment decisions to a far…

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