psychology

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Two significant changes are pushing markets towards a shakeout. First,…

When was the last time an unsustainable economic situation was solved without a crisis?  Seriously, that's a question. I can't think of one.  The way I see it, politicians are always focused on the short-term and that invariably…

Below is a clip from Sky News which demonstrates that a Gold Rush is developing in China, with many now distrustful of fiat currencies. China is now the number one consumer of gold. But all across the world, we are witnessing the same…

Below is a video of the conversation on News Night last night in the UK about the European Credit Crisis. Participants were Hugh Hendry, Gillian Tett and Jeffrey Sachs.

Here's something I want to run by you on behavioural economics and the way economic issues are being debated in the blogosphere. We are witnessing an implosion of long-held belief structures that go the core of how we believed our economic…

Highlights The US dollar is broadly mixed in still volatile market conditions.  The euro has been boosted by indications of a G7 conference call.  Sterling has been punished in the wake of the indecisive electoral outcome. …

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

Goldman Whitman says she regrets now-banned stock deals through Goldman Sachs - San Jose Mercury News Goldman boss Lloyd Blankfein denies moral obligation towards clients – Telegraph David Prosser: Goldman Sachs is just the…

SocGen's Albert Edwards was out with a note today which is in line with my calls for a marked slowing of the economy toward the end of this year. He indicates that the rate of change in leading indicators in the real economy and in markets…

Chris Whalen of Institutional Risk Analytics talks about how the shift in power from I-banking to trading at firms like Goldman has invariably led to conflicts of interest where clients do not come first, something I first broached last…