What A Pack Of Dicks

This is from the Spanish – you will notice that the peanuts have also banned short selling of their index. It is good to see that cretinism is a universal human trait as is a complete lack of understanding as to how markets and economies work. Due to extreme market volatility, the Spanish regulator CNMV…

Details

What A Pack Of Dicks

This is from the Spanish – you will notice that the peanuts have also banned short selling of their index. It is good to see that cretinism is a universal human trait as is a complete lack of understanding as to how markets and economies work. Due to extreme market volatility, the Spanish regulator CNMV…

Details

Jeremy Grantham

Jeremy Grantham the head of GMO is known for his quarterly essays to investors. Unlike other fund managers who letters to investors dont contain the usual postdictive crap and what has just happened but rather look at the big picture of what is happening in the world. Sitting in a Panera in Boston’s financial district…

Details

Jeremy Grantham

Jeremy Grantham the head of GMO is known for his quarterly essays to investors. Unlike other fund managers who letters to investors dont contain the usual postdictive crap and what has just happened but rather look at the big picture of what is happening in the world. Sitting in a Panera in Boston’s financial district…

Details

Interesting…..But So What?

I am not certain what to make of this given the actual paucity of data regarding real estate and the outright dishonesty of many land rats. Its a nice looking chart and it may have some broad value but I am not certain what it is. Housing is not like trading where price discovery is…

Details

So….Who Is In Charge?

… Until recently, most studies just broke out the top 1% as a group. Data on net worth distributions within the top 1% indicate that one enters the top 0.5% with about $1.8M, the top 0.25% with $3.1M, the top 0.10% with $5.5M and the top 0.01% with $24.4M. Wealth distribution is highly skewed towards…

Details

Are We Broke Yet?

With the Yanks taking a leaf  out of the Robert Mugabe school of economics and demonstrating an inability to master simple household economics I found this neat little graphic regarding each countries rating. Although given the quality of ratings agencies I am not certain I would place too much faith in it. From  Reuters

Details