Every year the Strategy Team at
Saxo Bank, a Danish
virtual bank, publishes a list of ten black swan class market events. Some of the more dramatic possibilities Saxo advance for 2009: crude trading down to $25 a barrel causing severe social unrest in Iran, the S&P 500 falling to 500, Chinese GDP approaching zero and several member states dropping the Euro. The complete
2009 list is here and for completeness their
2008 [ .pdf ] ,
2007 [ .pdf ] and
2006 lists [ .pdf ] are also available.
[more inside]
posted by Mutant
on Jan 7, 2009 -
32 comments
Afraid to read
the daily news? Need some broader perspective on The Credit Crunch? There are lots of different ideas by lots of different authors floating about ...
[more inside]
posted by Mutant
on Oct 13, 2008 -
34 comments
A
private FDIC?
The Certificate of Deposit Account Registry Service, or
CDARS, is a way to conveniently spread bank accounts across multiple banks. CDARS, run by privately held Promontory Interfinancial Network, offers its customers
up to $50 million of deposit insurance, or exactly 500 times single account limit mandated by the FDIC. Promontory does this by arranging to distribute client funds nationwide in $100K increments to over 2,300 banks. Promontory is nothing if not well connected: while founders Mark Jacobsen
previously served as Chief of Staff at the FDIC, co-founders Alan Blinder was
Vice Chairman of the Federal Reserve and Eugene Ludwig
was Comptroller of the Currency, several former members of the FDIC currently serve on Promotory's board.
Not surprisingly, some folks are openly critical of Promotory, some going so far as to state
"It undermines a lot of the safeguards around the FDIC deposit fund."
posted by Mutant
on Sep 26, 2008 -
64 comments
The rapid growth of electronic trading
since 1976 has benefited equity market participants by improving competition, reducing cost and increasing liquidity while insuring better pricing.
One unexpected side effect has been the recent emergence of
"dark pools of liquidity", or the secret stock market.
[more inside]
posted by Mutant
on May 20, 2008 -
21 comments