Ten principles for a Black Swan-proof world
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     colin_twiggs
Member
Username: colin_twiggs
Post Number: 3340
Registered: 09-2002Rating: 
Votes: 1
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| | Monday, April 20, 2009 - 03:12 pm: |  
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Excellent article in the Financial Times by Nassim Nicholas Taleb. Everyone should read this.
Regards,
Colin
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3344
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, April 28, 2009 - 12:42 pm: |
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Martin Wolf of FT on the decades long process that led to the current crisis.
http://www.ft.com/cms/885d7916-e3aa-11dc-8799-0000779fd2ac.html?_i_referralObjec t=1035752223&fromSearch=n
Incredible Charts
now with US Data
- AMEX, NASDAQ and NYSE data
- OTC BB and Pink Sheet stocks
- more than 500 market and sector indices
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3345
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, April 28, 2009 - 01:28 pm: |
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Part II: Martin Wolf on the debate over how we are going to get out of this mess.
http://www.ft.com/cms/885d7916-e3aa-11dc-8799-0000779fd2ac.html?_i_referralObjec t=1035736188&fromSearch=n
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morton
Member
Username: morton
Post Number: 143
Registered: 05-2005Rating: N/A
Votes: 0
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| | Tuesday, April 28, 2009 - 03:09 pm: |
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Colin, I think it's a cop-out that it's called a Global Financial Crisis, It should be called the Global Government Crisis. The crisis is a result of poor government regulation. Is it any wonder the government has their head buried in the sand. As long as they worship Kaynes, we'll never get out. China is the shining economy, and how many governments are looking at their model, and why not??? Most of my friends assume the government is on our side, the governments are the problem...
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3346
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, April 28, 2009 - 03:52 pm: |
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Morton,
Government stuffed up. The solution is not more government, as in China, but less government.
The primary failure was allowing a debt bubble to develop, by distorting market interest rates. Failing to adequately regulate overheated financial markets was a secondary mistake.
We need better regulation but less intervention: no artificially low interest rates, no first home buyer incentives that drive up house prices, no bonus checks funded by taxes on future generations, no higher taxes on super funds, etc. Intervention does more harm than good. We have to get ourselves out of this mess -- even if we did not create it.
Regards,
Colin
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morton
Member
Username: morton
Post Number: 144
Registered: 05-2005Rating: N/A
Votes: 0
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| | Wednesday, April 29, 2009 - 11:08 am: |
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Colin, Completly agree with every word you wrote...
w.r.t China. I only agree with their savings attitude, not so much a fan of their other principals...
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3347
Registered: 09-2002Rating: N/A
Votes: 0
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| | Wednesday, April 29, 2009 - 02:07 pm: |
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We all need to save more. That was destroyed by debasing the currency. Which also caused the debt bubble.
Regards, Colin
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3417
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, May 19, 2009 - 06:12 am: |
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Debunking the myth of Too-Big-To-Fail
An interview with Mariner Kemper of UMB Financial.
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polpak
Member
Username: polpak
Post Number: 16
Registered: 07-2007Rating: N/A
Votes: 0
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| | Saturday, May 23, 2009 - 09:09 am: |
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Thanks was interesting reading.
When hear "they are to big to fail" is perhaps time to break them into three.
End of day we need competition to keep each of them a bit more honest.
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