Yesterday’s stop losses were triggered in the Euro Swiss LIBOR futures market. After briefly touching 100 on Tuesday (Interest rate futures are priced as…Read More
I have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]Read More
A speech to the Policy Exchange on 31st March 2009 by Cobden Centre sponsor James Tyler. This article first appeared on hedgehedge.com but it…Read More
Another classic article from James Tyler, brought forward Trader: One whose business is trade or commerce. Trade and commerce is the lifeblood of wealth…Read More
Forty years ago today, Britain moved to decimal currency. A 1971 penny was worth the equivalent of today’s 10p. In recognition of this dramatic…Read More
Bob Diamond gave a spirited defence of himself and his industry yesterday at a Parliamentary select committee hearing. Surely it is hard to disagree…Read More
Money has a specific role in economic affairs – the facilitation of specialisation, trade and exchange. Sure, money has a fantastic set of ancillary…Read More
News flash from the Commissariat of Monetary, Mystical and Magical Affairs: A glorious bountiful future is upon us! Science has conclusively proven that savings…Read More
An entertaining article, choc-a-bloc with Monetarist whitewash, in The Telegraph today. Apparently Jean Claude Trichet is “inflicting a triple shock of fiscal, monetary and…Read More
Where’s the market reaction? Yawns the prophet of Princeton, Paul Krugman in response to the passage of Obama’s health care bill. In totally separate…Read More