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Pakistan, The Land That Financial Bad News Forgot: Part IIGiven all the pain in markets last week, I thought it would be a good time to check in again on The Land That Financial Bad News Forgot. Yes, Pakistan. If you recall, the wise folks running the Karachi Exchange decided back in August that they would put a floor under the KSE at 9100. After fall... |
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Digression: Mount Whitney, Age and AMSInteresting new research paper in one of my favorite journals (Medicine & Science in Sports & Exercise). Two things caught my eye. First, that the likelihood of developing acute mountain sickness -- an altitude-related disorder that can be life-threatening -- fell with age. I am a frequen... |
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Paul Wilmott: The Death of HamletI missed this 9/17 NY Times column by quant finance svengali Paul Wilmott. Nicely timed and delivered market call: I’ve taken to comparing the current situation to “Hamlet.” We’ve had the deaths of Polonius, Claudius and Laertes — that is, the falling house price... |
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Quote du Jour: Banks (& Bankers) Should Be Boring"We do what we understand, and no one understood those [subprime loans]," [Burke & Herbert Bank president] Burke explained. "We look dull and plodding." "Because we are dull and plodding," said his brother, C.S. Taylor Burke III, senior executive vice pres... |
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Goldman vs. Morgan: The CEO Townhall DebateMy friend Keith at Research Edge has been on a roll of late, and he is irked at Goldman. The reason? Its shelf registration of "indeterminate amount" that GS dropped on the market after the close on Friday. Goldman conveniently waited until after 5PM on a Friday of the worst week i... |
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Saturday Night at the MoviesApropos of nothing in particular, this movie snippet has been running through my head all week. It just felt right, like it explained something or another that had been troubling me. General Jack D. Ripper: Were you ever a prisoner of war? Group Capt. Lionel Mandrake: Well, yes I was, m... |
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