Archive - Jan 2014 - Blog entry

The recent strength of the euro and sterling seemed to evaporate, while the yen and dollar-bloc currencies recovered.  Is this a major trend change or was it simply reflecting some position adjustment in a thin market? 

2013 Was A Year Of Calm In The World Of Finance ... 2014 May Not Be So Calm  ...  Highlights Of Year - German Gold Repatriation, Record Highs In Yen, Huge Chinese Demand - Lowlights Of Year - Massive Paper Sell Offs in April/June and First Deposit Confiscation and Capital Controls ...

Good riddance to the original snow job...

Most people believe that when inflation hits, prices have to go higher. This is true, but higher prices can be manifested in multiple ways. Firms usually do not simply raise prices in nominal terms as price elasticity can kill revenues because it would hurt sales.

Nothing can be a more pungent metaphor for today's investment climate than the headline, “Macau gambling revenue hits record $45 bn in 2013.”

The Future of Money: The Dumb Dollar vs Smart, Programmable Currencies!

Gold and silver prices surged higher today in the opening hours of trade in 2014. Gold rose 1.8% to $1,220/oz and silver surged over 3% to $20.02/oz.

Gold fell 28% in 2013, while silver recorded a 36% decline. It was gold’s first annual drop since 2000 and gold and silver’s worst performance since 1981 and 1984 respectively.

BANZAI7 FOOD AND BEVERAGE WARNING 

How many people in the financial services industry understand how the financial system works?

We've all experienced it, we are dealing with someone who has all sorts of masters degrees, PhD's, and doesn't know the Federal Reserve is a private corporation, and even doesn't know the product their company is selling.

In the spirit of professionalism, we must keep these quotes anonymous, but certainly if you have survived long enough in Finance or read the Financial news regularly, you will not need any references because you've probably heard it before.

While US stocks are taking off, there are other, potentially much larger opportunities outside of it.

What is often unspoken is that we lie to others in order to be lied to by others.

Are “Digital” Troops Being Sent Into Our Digital Devices Like British Troops Were Sent Into American Colonists’ Homes?

Because infinite permutations of risk factor movements can cause a specific asset price movement, no definitive anchor points will arise to bootstrap that mandated P&L attribution