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Incoming Bank Of England Chief Presents A Chart That Shows What A Terrible Decade Its Been For The UK’s Exporters
Mark Carney is testifying in England this morning, as he prepares to assume his role as head of the Bank of England. He has submitted a 45 page Q&A, which you can download here, and it’s full...
- Posted 107 days ago
David Einhorn Is A Really Witty Writer Even After Having A Terrible Quarter
Hedge fund hot-shot David Einhorn, the founder of Greenlight Capital, sent out his fund’s fourth quarter letter to investors yesterday. The results were disappointing. Greenlight was down 4.9% in the quarter making its year-to-date return 7.9%. ...
- Posted 122 days ago
‘The Birthday Problem’ Shows How Innately Terrible We Are At Estimating Probability
In business school I had to take an introductory class in statistics that we colloquially called “D&D.” The official course name was Data & Decision-making. In retrospect, it was a truly valuable class (one of very few...
- Posted 132 days ago
Is Paul Ryan A Terrible Stock Trader, Is His Broker Confused, Or Is There Something Else Going On Here?
Earlier today, it was revealed that VP candidate Paul Ryan made some curious stock trades. The stock trades were made in the depths of the financial crisis. Many of the trades were also made in the stocks...
- Posted 284 days ago
Everything About FOMC Meetings Changed In 1994 When Fed Members Realized They Were Terrible Speakers
Despite its efforts to increase transparency, the Federal Reserve seems to be getting more and more complicated for outsiders especially in regards to monetary policy. Even the statements and minutes of its Federal Open Market Committee (FOMC)...
- Posted 285 days ago