Guest article written for AllAboutAlpha.com – the official publication of the Chartered Alternative Investment Analyst (CAIA) Association Originally posted at: http://allaboutalpha.com/blog/2012/06/24/michael-spence-nobel-laureate-on-information-and-momentum/ Analysis of any economic and financial system requires an understanding of two key factors; information and momentum. Understanding the information content of a system means having knowledge relating to…
“..It is hard to overestimate how much is at stake for the world after the sudden death of Kim Jong Il, the North Korean despot, on December 17th…” wrote the Economist. Political leaders (particularly those in the West) looked on as this poverty stricken failed state (armed with nuclear weapons)…
As we sit here today, London remains in the grip of escalating riots, violence and disruption as young people have taken to the streets across the city looting stores, torching vehicles, engaging in arson and more. As the Guardian newspaper reported, “London’s emergency services were on full-scale alert on Monday…
In July 2011, the Guardian newspaper reported that in India, “… as the country’s economy booms and millions make the leap from poverty to the ranks of the new middle class, there has been a corresponding surge in kidnapping for ransom as those who feel left behind seek a share…
The nature of the global conflict is changing. Until the apocalyptic end of World War II, we had seen a ‘textbook’ approach to war, with ever-increasing competition in the dimensions of firepower, manpower and speed contributing to the success of any given belligerent. Since then, war has moved into its…