ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Firefighters watch as home burns to the ground | WPSD Local 6 – Paducah KY | Local The homeowner, Gene Cranick, said he offered to pay whatever it would take for firefighters to put out the flames, but was told it was too late. They wouldn't do anything to stop his house from burning. Each … Read more
How Fake Money Saved Brazil : Planet Money : NPR (Complete story/podcast is on Planet Money's podcast – see right panel) This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked… You have … Read more
While most of the Western industrial world struggles with deflationary fears, Australia continues to worry about inflation. In tonight’s latest release on monetary policy, Reserve Bank of Australia (RBA) Governor Glenn Stevens states: “If economic conditions evolve as the Board currently expects, it is likely that higher interest rates will be required, at some point, … Read more
Adopting China’s Tactics in Currency Fight – NYTimes.com …the rest of the world is beginning to mimic the technique China has perfected: manipulating currencies for national advantage, while resisting political pressure from trading partners. (tags: currency China trade_policy Brazil Japan) Man Vs. Machine: Commentary—Shouldn’t the SEC Focus on High Frequency Products? – CNBC The SEC’s … Read more
Short interest in Cisco (CSCO) surged near 52-week highs at the end of August. At the time I noted this move, CSCO had bounced off its 52-week lows, and I suggested it would be a long if it could set a fresh high on the month. CSCO accomplished that move later in the day. I … Read more