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Goldman's competitive adv from my perspective: superior risk management, IT & HFT, deep connections and ability to get market colour8:24 AM Nov 19thfrom HootSuite
Eclectica Fund: "An America that saves is an America that does not run a current account deficit." Can we run a surplus ever again?9:48 AM Nov 16thfrom HootSuite
FT: IEA chief economist says oil per barrel will be $115 per barrel (today's money) or $190 nominal terms in 2030. What will be substituted?7:26 AM Nov 16thfrom HootSuite
Finishing Ian Johnson's "Wild Grass" - 3 stories on China. A terrific read, even if a bit dated (by five years).3:37 PM Nov 13thfrom HootSuite
FT reports there are now more millionaires in China than the UK. Trend: Global wealth shifting to Asia8:52 AM Nov 11thfrom HootSuite
So if $200 Trillion of OTC contracts are held by Too big to fail firms, are we under any illusion that they should not be more regulated?5:11 PM Nov 10thfrom HootSuite
ZH: Derivatives now account for 1000% of world's GDP. Credit default swaps and world fiat system intertwined forever so get used to it5:05 PM Nov 10thfrom HootSuite