Category

Finance

Finance
Skeletons of Society
12.17.08 | Permalink | Comment?

What I like about the recent $50 billion Ponzi scheme, other than the opportunity to make puns, is what it reveals about the due diligence of the rich and stupid. From a Wall Street Journal article:
Membership rosters at a number of Florida country clubs could be particularly hard hit by Mr. Madoff’s alleged scheme, including Boca Rio Golf Club [...]
Finance, Work
Perhaps a bit too late
12.05.08 | Permalink | Comment?

Seems like some of the information released here could have been announced at this time. I’m sure essentially being called a liar (”I don’t understand how you can say you feel comfortable with your capital position, and yet you say you can’t give us any idea what the number is,” he said. “At this point, [...]
Finance
Graphs to make Putin’s heart ache
12.03.08 | Permalink | Comment?

I like to browse the daily market news each morning, even those with no direct bearing on my job. The chart above of crude oil futures is courtesy of the WSJ. It makes me larf, recalling the solemn prognostications of professional oil analysts that $150 oil was here to stay, and $200 oil [...]
Finance
Get yer finance on
11.11.08 | Permalink | Comment?

Does anybody care about Collateralized Debt Obligations and the assorted financial instruments which are rocking our financial world? No? Too bad, because here is as cogent an explanation of the concepts behind them that I have yet read.