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Don’t forget about those black swans

Matt Yglesias is back from his honeymoon, and better than ever.  But I’m not completely sold on this argument: Here’s a fun Intrade price anomaly that showed up this morning. The markets indicate that there’s more than a 3 percent chance that neither Barack Obama nor Mitt Romney will win the presidential election. That’s [...]
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Morning Must Reads: Mr. Black Swan's Black Swan, A Stock Market Fix?

Business & Finance : The Curious Capitalist (5 years ago)

---WSJ has perhaps the definitive story on what caused the market crash last Thursday. So who is to blame? Nassim Taleb, Mr. Black Swan himself. Felix Salmon, Reuters' uber blogger, thinks pinning the drop on Taleb is poppycock.   I... Read Post

Matt Yglesias is wrong: It’s way better to be hot than cold

Business & Finance : Ezra Klein (10 months ago)

Over at Slate, Matt Yglesias argues that "as unpleasant as extreme cold can be, it is much much much less bothersome than extreme heat." His argument? That you can manage the cold by putting on more clothes. But you quickly run out ... Read Post

Shares soar on China rate cut, ECB stimulus hopes

Business & Finance : Business Report (10 hours ago)

World stock markets and oil prices rallied following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases. ||| NEW YORK - World stock markets and oil prices rallied Friday, fue... Read Post


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