So there I was firing up the toaster for the evenings nosh fest of beans on toast when I saw the above headline track across the bottom of the idiot box. My first thought was bullshit – if its on the idiot box and it has the expression analysts predict in front of it it…
Interesting feature piece from the WSJ on the end of so called easy oil – that is oil of usable quality that simply gushed out of the ground. No one suggests that the Gulf nations are running out of oil. Heavy oil, although difficult to pump, is abundant. The Middle East alone is believed to…
Donald MacKenzie explores the world of high frequency trading in the London Review of Books What goes on in stock markets appears quite different when viewed on different timescales. Look at a whole day’s trading, and market participants can usually tell you a plausible story about how the arrival of news has changed traders’ perceptions…
Donald MacKenzie explores the world of high frequency trading in the London Review of Books What goes on in stock markets appears quite different when viewed on different timescales. Look at a whole day’s trading, and market participants can usually tell you a plausible story about how the arrival of news has changed traders’ perceptions…
Interesting feature piece from the WSJ on the end of so called easy oil – that is oil of usable quality that simply gushed out of the ground. No one suggests that the Gulf nations are running out of oil. Heavy oil, although difficult to pump, is abundant. The Middle East alone is believed to hold some…
Some interesting thoughts on why we don’t take care of ourselves as we get older. Abstract Many adults have an overly pessimistic view of old age because they fail to correctly predict their ability to hedonically adapt to old-age health related problems. A standard utility model where the marginal utility of health is higher at a lower…
Given that markets will open tomorrow because of the somewhat obvious fact that the world did not end it is worth looking at the Dow from two different perspectives. As you can see from the chart below the long term trend of the Dow is roughly intact. You can see that I am not a…
I must have slept through armageddon either that or it didnt happen. This entire little event that gained far more oxygen than it was worthy of proved that humans are fundamental irrational and that those with imaginary friends are even more irrational. In any sane and compassionate society anyone who claims to have voices in…
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