Help me understand investment banking if you can… as I see it, the business follows the “business cycle” with just two phases: 1) make up a bubble and earn record bonuses; then 2) d’oh! find out that all that money never really existed in the first place, but get bailed out by the government. Convenient.
Bubblegeneration: The Bernanke Put and the Macropocalypse: “By preventing the market from finding a bottom, the Fed just transferred risk from hedge funds, banks, and other people holding illiquid assets, to you - people holding liquid assets.”
Totally agree… while it decreases pain in the short term the “Bernanke Put” ensures that the wacked out compensation [...]
From the nyt: Anarchists in the Aisles? Stores Provide a Stage
Otherwise known as reverse shoplifting, shopdropping involves surreptitiously putting things in stores, rather than illegally taking them out, and the motivations vary.
Anti-consumerist artists slip replica products packaged with political messages onto shelves while religious proselytizers insert pamphlets between the pages of gay-and-lesbian readings at book [...]
We learned tonight that eharmony.com has been known to “reject” customers: “We don’t know why eHarmony has rejected over a million people looking for love”. Apparently this is part of a $10m advertising campaign by chemistry.com. But why? Dating sites are not in the business of turning down paying customers.
And while I missed the whole [...]
Breean checked out Mad Money by Jim Cramer from the library for me the other day. I was pretty skeptical cause he’s such a nutcase but the book is actually pretty good. I recommend it for some pretty simple but reasonable investing advice.
Because my 2002 post about flying to Phoenix somehow gets enough search traffic that somebody recently offered me $35 to place an ad on that page (still waiting on the reply!), I thought I would point out a business I’ve been using and highly recommend.
When we moved to Seattle two years ago, I knew very [...]
From the nyt: Putting Money on the Table:
For the first time, women in their 20s who work full time in several American cities - New York, Chicago, Boston and Minneapolis - are earning higher wages than men in the same age range, according to a recent analysis of 2005 census data by Andrew Beveridge, a [...]
Interesting Malcolm Gladwell piece in the New Yorker about “Enron, intelligence, and the perils of too much information.” In short, the world has changed and many fields have moved from puzzles (not enough information) to mysteries (too much information).
Let’s just quote from the end:
In the spring of 1998, Macey notes, a group of six students [...]