#Links
This is No Longer Funny
I’ve been critical of much of quant modelling for many years. I don’t like the assumptions, the models, the implementations. I’ve backed this up with sound reasons and wherever possible tried to find alternative approaches that I think are better. I don’t honestly expect to change the world, much, but, hey, I do what I can. Human nature is such that very often things have to go from bad to worse to bloody awful before the necessary paradigm shift happens. I hope we are close to that point now.
Who am I kidding? As another hedge fund disappears thanks to mishandling of complex derivatives, I predict that things are going to get even worse.
GDP: Grossly Distorted Picture
Australian politicians often boast that their economy has had one of the fastest growth rates among the major developed nations—an average of 3.3% over the past five years. But Australia has also had one of the biggest increases in population; its GDP per head has grown no faster than Japan’s over this period.
One of the supposedly booming BRIC countries, Brazil, has seen its GDP per head increase by only 2.3% per year since 2003, barely any faster than Japan’s.
Privates on parade
Having a reputation for being shrewd can, paradoxically, be a problem.
Panic over! (almost) - or so says S&P
Put the pistol down. Move away from the ledge. We can talk this through. The worst is all but over.
Bear Stearns CDS (via CMA DataVision)
Going to Hell: Bear with US
March 13th, 2008 at 11:00 pm
JCk,
What is ur prognosis for DOllar.. is it on a long term downtrend ?
what abt equities ? got more downside ?