Emotion + “Radical Neuroscience” = Alpha All About Alpha Emotion allegedly plays a role in trading success.
1.54, 105, 1.45 — deleveraging continues … Brad Setser. Setser argues, among other things, that foreign central banks should shift out of Treasuries into agencies. Good idea, but it will never happen.
‘Dr. Doom’ Gloomy On U.S. Economy Boom2Bust. I always thought Dr. Doom was Henry Kaufman, but he has some competition for the sobriquet. This post summarizes an interview with Marc Faber.
How the French invented subprime in 1719 James Macdonald, Financial Times. Even if you have heard of John Law, this is worth reading.
Antidote du jour: