Invisible hand in action (anecdotes)

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French government bond futures

Trader @benoistrousseau andlil. Shock Doctrines. Reaction against Occupy. The Definitive Collection of Thomas Friedman Takedowns. I’m Thomas Friedman and I think…hard.

The Definitive Collection of Thomas Friedman Takedowns

As my colleague and current couchmate Trevor Timm pointed out, it is ironic that today of all days I have chosen to compile the definitive collection of hilarious Thomas Friedman takedowns. Why today, you ask?

Mittal Florange

Ex-Lehman chief risk officer appointed World Bank treasurer. The World Bank has appointed Madelyn Antoncic as its new vice president and treasurer.

Ex-Lehman chief risk officer appointed World Bank treasurer

Ms Antoncic served as Lehman Brothers’ chief risk officer from 2002 to 2007 and following the collapse of the bank, stayed on for a year as managing director and senior advisor at the Lehman Estate, helping to maximise value for creditors. Having begun her career as an economist at the Federal Reserve Bank of New York, she has worked for Goldman Sachs in various posts (including head of market risk management), and for Barclays Capital, before joining Lehman Brothers in 1999. In her new role, Ms Antoncic will be responsible for maintaining the World Bank’s standing in financial markets and for managing an extensive client advisory, transaction, and asset management business. Neo-liberalism only helps the corporations, nobody else « Antony Loewenstein. Tell me this isn't loathesome: Credit Card Cleverness - The Base.

Thanks for visiting Viewsflow!

Tell me this isn't loathesome: Credit Card Cleverness - The Base

Viewsflow is offline as of 21 July. We have been building out the algorithmic ranking technology we created for Viewsflow to develop PeerIndex, a service to identify the opinion leaders on the Web. PeerIndex has launched, please come visit and claim your profile and see how you compare against your friends. We thank you for your support of Viewsflow over the past nine months, and look forward to seeing you at PeerIndex . Blankfein of Goldman 'expecting $100m bonus' - Viewsflow. Thanks for visiting Viewsflow!

Blankfein of Goldman 'expecting $100m bonus' - Viewsflow

Viewsflow is offline as of 21 July. We have been building out the algorithmic ranking technology we created for Viewsflow to develop PeerIndex, a service to identify the opinion leaders on the Web. PeerIndex has launched, please come visit and claim your profile and see how you compare against your friends. The gang of five, and how they nearly ruined us - Viewsflow. Thanks for visiting Viewsflow!

The gang of five, and how they nearly ruined us - Viewsflow

Viewsflow is offline as of 21 July. We have been building out the algorithmic ranking technology we created for Viewsflow to develop PeerIndex, a service to identify the opinion leaders on the Web. PeerIndex has launched, please come visit and claim your profile and see how you compare against your friends. We thank you for your support of Viewsflow over the past nine months, and look forward to seeing you at PeerIndex . We have a quick survey on your usage of Viewsflow that we would be grateful if you would fill in. Matthew Yglesias » Central Bank Salaries. By Matthew Yglesias on February 12, 2010 at 8:31 am It seems that the law of one price does not apply to central bank chiefs: The Australia/New Zealand spread is especially dramatic.

Matthew Yglesias » Central Bank Salaries

The convention, I guess, is that you can’t just recruit a central banker from abroad. But considering that Australia and Canada have outperformed the larger economies during this crisis and have low-wage central banks, it seems like someone might want to consider poaching one of those guys to run a bigger economy. Grèce : le bal des hypocrites. Le point de départ de cette nouvelle « affaire grecque » est un article du New York Times paru dans son édition du dimanche 14 février.

Grèce : le bal des hypocrites

L’article explique comment la banque d’affaires Goldman Sachs, encore elle, a monté en 2001-2002, pour le compte de la Grèce, une opération de "cross currency swap" destinée à diminuer artificiellement d’un milliard d’euros le montant de dette publique. Accrochez-vous. La Grèce émet un emprunt de dix milliards de dollars (ça aurait pu être du yen ou du franc suisse) en plusieurs tranches d’une durée de 15 à 20 ans, emprunt que Goldman Sachs a été chargée de changer en dollars avec les euros fournis par la Grèce. Elle le changera à nouveau au moment du remboursement en euros. JP Morgan's Loss: The Explainer. All I know is that everyone's really mad about this JP Morgan mess.

JP Morgan's Loss: The Explainer

What on earth happened? A JP Morgan trader, Bruno Iksil, has been accumulating a giant bet on U.S. corporate bonds. He used derivatives to do it, and he messed up the bet and lost $2 billion for the bank. He could end up losing $1 billion more if the market doesn't cooperate. Hedge funds and the Whale, credit index edition.

Bank Order Led to Losing Trades.

Privatisations

#flashcrash 6/5/2010. Elle perd son nouveau-né sur l'A20, faute de maternité près de chez elle.