“The Federal Reserve Board sent its most explicit signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history will eventually reverse.” – February 19th, Bloomberg. Citing “continued improvement in financial market conditions”, the US Federal Reserve…
As I write this, my Bloomberg feed shows that, “Euro-region leaders [have] ordered Greece to get the bloc’s highest budget deficit under control and said they are prepared to take “determined” action to staunch the worst crisis in the currency’s 11-year history.”, with the FT adding, “Under an agreement hammered…
History has seen humanity exist in a near constant battle for social, economic, political and (since the enlightenment) individual freedoms. These battles have been set against a backdrop of great change and conflict, as states, commerce and other bodies struggle to reconcile their needs for utility, their risk aversion and…
In recent weeks, we have seen uprisings in Tunisia, Egypt, Algeria, Yemen and Jordan where members of the populous have taken to the streets, demonstrating and disrupting a country over issues ranging from food inflation, corruption, freedom of speech, living conditions and basic human and economic rights. Most notably of…
The industrial revolution created the archetypal businessman, characterized by their ruthless attitude towards commerce. In a controversial paper, Jerry Bergman discusses the Robber Barons’ (a pejorative term used to describe businessmen in America) attitude to workers in the late 1800’s and early 1900’s. He describes how, “The robber barons’ lack…
In this article, we speak to Jeremy Smith, Chief Strategy Officer at SecondMarket, where over 3,000 participants manage over $1 trillion, participating in the world’s largest centralized, independent marketplace and auction platform for illiquid assets from auction rate securities to private company shares, CDO’s, mortgage and asset backed securities. http://thoughteconomics.blogspot.com/2009/07/investing-and-trading-illiquid-assets.html