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Monthly Archives: October 2013
Greenspan: “I was intellectually shocked” by irrational behaviour
The phenomenon of asset bubbles and irrational investor behavior upsets central bankers because they like to believe that markets move in accordance with their rational academic theories and hence that central planning can direct and control investor behavior and capital … Continue reading
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Cohan: JPMorgan Chase is just the first domino
“The $13 billion settlement JPMorgan Chase is reportedly set to pay would be the largest imposed on a single company by U.S. regulators. News of the settlement, which broke this weekend, reaffirmed a view commonly held on Wall Street: JPMorgan … Continue reading
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Global wealth in perspective
Good summary stats on global wealth. How much of the world’s wealth is held by Americans? How many millionaires and billionaires are there on the planet? Who are the .7%? Drilling into Credit Suisse’s 2013 Global Wealth Report. Here is … Continue reading
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