From the you think trading is hard file…… Seventy years ago this week, on July 30, 1945, the heavy cruiser U.S.S.Indianapolis was sunk by two torpedoes fired by a Japanese submarine in the south Pacific. So began a five-day ordeal of thirst, hypothermia, salt-water poisoning, hallucination, drowning, and dismemberment in shark-infested waters. Out of a crew…
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Whenever I wonder why things dont work all that well in Australia, or I look at Asia and see some of the stunning progress that is being made by countries that lack all of our natural advantages. I am reminded that young people who do things such as winning a Gold Medal at the International Maths…
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I mentioned the other day that I was surprised that the Europeans were surprised that the Greeks had gone to the wall. This timeline explains why I was surprised. As you can see this is a long standing problem.
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These are some random thoughts I have been putting together following the events of last week. 1. Markets move from manic to panic within a few sessions. Those who still cling to the outdated notion that humans are rational assume that when markets transition they do so in an orderly fashion. The thinking is that…
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I have just done the Market Wrap for Talking trading and part of the conversation was regarding Greece. The thing I find intriguing about the markets reaction to the prospect of Greece being booted out of the EU and defaulting on its loan obligations is that everyone is surprised that it is happening. Defaulting on…
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