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Yearly Archives
2013
More links on the NSA Spying Scandal
If you are following this story, you can find links updated on this and other civil liberties-related issues on my delicious feed. Here are the latest batch of links from the past 24 hours.
My thoughts on the NSA Spying Scandal
Let’s be clear: it is the apathetic American people who have created this mess. They have allowed their government to operate in a veil of secrecy without any basic checks on power. If Americans don’t wake up and start demanding change, it…
Europe’s banks must be recapitalized
Europe has been postponing the recapitalisation of its banking sector. This column argues that it has been doing so for far too long. Without such a recapitalisation, the danger is that economic stagnation will continue for a long period,…
Outlook in US, UK, Japan and Australia
Daily comments on finance, economic and market news for 6 Jun 2013
Australia: Market not buying RBA’s optimism
Australia's central bank left rates on hold yesterday as was generally expected. The RBA continues to be quite hawkish as well as relatively optimistic on the nation's economy. Given the "cash rate" is at historical lows at 2.75%, the board…
What has changed in the emerging markets?
This is what has changed in the EM space in, our view. 1) Brazil is stepping up its defences against market volatility. 2) Signs that China is looking for more (and better) sources of external funding sources is mounting. 3) Turkish…
The Wisdom of Crowds
MPT is based on a number of assumptions, some of which are more restrictive than others. The question is whether the sum of those assumptions is so far off the mark that it renders the entire theory absolutely useless. Effectively the…