The ‘Dumb Money’ on Wall Street
Posted in Economy on March 31st, 2010 by Paul Deng – 1 CommentCharlie Rose interview of Michael Lewis, author of Liar’s Poker, and of recent book The Big Short.
(click to play the interview)
Archive for March, 2010
Is the bond market current shifting?
Posted in Economy on March 31st, 2010 by Paul Deng – Be the first to commentInterview of John Taylor on US debt overhang and Fed’s decision to stop buying mortgage backed securities.
Shiller comments on recent housing data
Posted in Economy on March 30th, 2010 by Paul Deng – Be the first to comment
Nikkei and Nasdaq: Is history going to repeat?
Posted in Economy on March 30th, 2010 by Paul Deng – Be the first to commentThat America may enter a Japan-like very slow growth for quite some time is still not completely out of woods. The United States is not Japan, but the aftermath of a great asset bubble can never be underestimated.
(click to enlarge; h/t: Big Picture)
China to launch stock index future on April 16
Posted in Economy on March 28th, 2010 by Paul Deng – Be the first to commentReports WSJ:
China said it will introduce stock-index futures April 16, ending years of preparations that signaled policy indecision over the financial derivatives designed for risk-hedging, but also seen as vulnerable to speculative forces.
The announcement by the China Financial Futures Exchange, which will host the index futures, will give investors a means to bet on the direction of major share indexes and also allow them to make money when the market falls. It is expected to boost demand for index heavyweights such as major blue chips when trading resumes Monday.
Investors have eagerly anticipated the launch, which will expand options in a market where, up to now, being bullish has been the only choice because there has been little to shield investors in the face of a sharp decline. However, Chinese investors’ lack of experience in dealing with risky investment tools such as margin trading and short selling, and the country’s perilous experience with futures trading, form a big question mark over the index futures’ ultimate fate.
