8 posts tagged with finance and investment. (View popular tags)
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Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

 

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

Sir Allen Stanford, the Ponzi artist

The Dark Knight - On Sir Allen Stanford
posted by Gyan on Apr 29, 2009 - 9 comments

Bringing Down Bear Stearns

Bringing Down Bear Stearns, from Vanity Fair's August issue.
posted by SeizeTheDay on Jul 1, 2008 - 17 comments

Thus Spake Mathematica...

This might be the only time in your life you get to hear this because the finance industry survives soley on large-scale ignorance, so listen very closely. There is NO housing bubble in the US. NEVER invest in actively managed funds. Financial lamers do better than financial jocks (and almost everyone else). .

Sadly however most of you won't have the mathematical knowledge to differentiate the advice backed by several Nobel laureates and world-renowned academics from the "advice" of any of the thousands of horny little evangelists spruking their financial "theories" for profit or fame.
posted by DirtyCreature on Jun 20, 2005 - 78 comments

Export Credit Agencies--The Secret Engine of Globalization

Worse Than the World Bank? Export Credit Agencies--The Secret Engine of Globalization The amount of investment that export credit agencies (ECA) support worldwide is significantly greater than the total amount of lending from the World Bank, IMF and all other multilateral institutions combined. ECA's account for the single biggest component of developing country debt and half of all new greenhouse gas-emitting industrial projects in developing countries have some sort of ECA support. Investments in places like Guatemala, South Africa, Pakistan, Chile [PDF], have had unacceptable social, environmental and economic consequences. Administered or backed by a government, an ECA uses taxpayer money to make it cheaper and less risky for domestic corporations to export or invest overseas. ECAs privatize the profit and socialize the risk while negatively impacting indigenous cultures and enironments, all with little or no governmental oversight or public awareness of the matter. So what can we do about it? [PDF]
posted by faux ami on Nov 26, 2004 - 14 comments

Big Business as Usual.

Big Business As Usual. "In announcing their record settlement with 10 Wall Street firms accused of misleading investors with bogus recommendations, [the Securities and Exchange Commission] also released new e-mail records showing stock experts chortling about how they were making out like bandits at the expense of the average investor", and revealed troubling insights into the way Wall Street really works: "Merrill Lynch initiated coverage of LFMN on September 28, 2000 with a 2-1 [10-20% appreciation forecast short term, 20% appreciation forecast long term], when LFMN traded at $22.69. At that time, Merrill Lynch was pursuing an investment banking relationship with LFMN. After Merrill Lynch initiated research coverage, LFMN's price declined to the....$3-5 range in December. On December 4, 2000, Blodget e-mailed a fellow analyst,'LFMN at $4. I can't believe what a POS [piece of shit] that thing is. Shame on me/us for giving them any benefit of doubt.' Merrill Lynch's research report on LFMN dated December 21, 2000, [reiterates] a 2-1 rating..."
And the "record settlement" with these common swindlers in three piece business suits from our brave SEC? For Wall Street, Fines Are A Day's Pay.
posted by fold_and_mutilate on May 7, 2003 - 23 comments

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