Finance

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Posts tagged "finance"

Why Is Finance So Complex?

Steve Waldman was a software developer who became fascinated by finance and started writing about it. He is now a doctoral student in finance at the University of Kentucky. He blogs at Interfluidity. ~~~ Lisa Pollack at FT Alphaville mulls a question: “Why are we so good at creating complexity in finance?” The answer she...

Warning: transparency in finance may lead to goat-herding

Before the break, FT Alphaville took a look at abstraction and morality in modern finance. This prompted some rather interesting discussion, among which this post from Interfluidity:...

QOTD: The Illusion of Skill

Our quote of the day comes from an article in this Sunday’s NYT magazine, Don’t Blink! The Hazards of Confidence by Daniel Kahneman: “The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [financial] industry. Facts that challenge such basic assumptions — and thereby threaten people’s...

The end of the long con

“Around 2002, a developing country defaulted on its debt. Following protracted negotiations, agreement was reached that the bad debt would be replaced with a smaller amount of new good debt, with all investors losing around half their original investment. The...

FDIC Bank Failures

Bank Failures reported weekly by FDIC since mid-2008 ~~~ Cumulative Bank Failures reported weekly by FDIC for 2008, 2009, 2010 and 2011

Fade the Consumer Credit Headline (For Now)

The Fed released its G.19 report on Consumer Credit last Thursday, and it stirred some optimism (see also here): The new U.S. consumer credit numbers reflect an economy that is reaccelerating, and that is very bullish for growth — as well as inflation. All in all, U.S. household credit surged by $7.62 billion in February,...

More proof the Chinese have been using copper as collateral

The disconnect between oil prices and copper prices is gaining increasing attention.Naturally, the curiosity boils down to the fact that while oil prices are rising, copper prices...

Further reading: Facebook’s new global ad head and Angry Birds

Tech news from around the web: Facebook has hired Microsoft’s global advertising head, Carolyn Everson, as one of its top sales execs, AllThingsDigital reports. Ms Everson will be the Silicon Valley company’s global sales vice-president but is ...

How to Get a Pipeline Built – Revisited

This is a post that was originally written in 2007. There are regularly stories in the media or in the blogosphere about various pipeline projects that are announced with much publicity, and are seen to have major strategic consequences, or conversely ...

UBS Reports Stronger-Than-Expected Second-Quarter Earnings

Filed under: Earnings ReportsSwiss bank UBS (UBS) reported Tuesday it earned 2 billion Swiss francs ($1.9 billion) -- far better than the loss of 1.4 billion francs in the same quarter last year. Results also easily beat the consensus estimate. Further...

Personal Bankruptcy in America

Giant graphic of information, courtesy of Billshrink: click for ginormous graphic

[MoneyTech] Open source finance, ratings and research edition

The intersection of finance and technology is a favourite subject here on FT Alphaville (and in the Long Room), so we were interested to see two recent proposals in this arena....