Sunday, November 14, 2010

DailyMarkets.com - Nassim Taleb Exclusive Interview

DailyMarkets.com - Nassim Taleb Exclusive Interview

Nassim Taleb Exclusive Interview

Posted: 14 Nov 2010 05:53 PM PST

Nassim Taleb

Nassim Taleb was on Bloomberg television on Friday. It is always a pleasure to hear him speak as he does not do too many interviews on television.
Taleb is the author of two bestsellers; The Black Swan which we reviewed here. , and Fooled by Randomness which we reviewed here. In addition, I just found out recently that Taleb is coming out with a new book on November 30th titledThe Bed of Procrustes: Philosophical and Practical Aphorisms. I plan to do a book review on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plenty Of Good Reasons To Believe A Sharp Bounce In US Dollar Is Underway

Posted: 14 Nov 2010 05:35 PM PST

Investors, politicians and the media have had tunnel vision for the better part of the past five months. And it's been directed squarely on the United States.

The world has been transfixed on the dollar. Experts have tirelessly surmised how the Fed's recent decision to launch another round of quantitative easing was reckless. And they've claimed this action will do irreparable damage to the buck — the world's primary reserve currency.

That script reads a lot like one … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Right Choice Of Language

Posted: 14 Nov 2010 05:29 PM PST

In Friday’s post, “‘Is This an Episode of the Twilight Zone,’” I highlighted a very spot-on (and very funny) cartoon video smackdown of the Federal Reserve and its dangerously misguided policies.
Among other things, Omid Malekan’s ”Quantitative Easing Explained” (which has now gone viral) exposes the sophisticated-sounding euphemism favored by ivory tower economists and Wall Street sycophants alike for what it really is: money printing.
In my view, if policymakers are going … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Debunking Reversal Days – Again

Posted: 14 Nov 2010 04:46 PM PST

First the definition (according to TradersLog, one of many similar references I could have picked): a key reversal day is when
“in an uptrend, prices open above the previous day's close, make a new high and then close below the previous day's low. In a downtrend, prices open below the previous day's close, make a new low and then close higher than the previous day's high. The greater the price range and volume on the key reversal day, the more reliable the signal.”
But what, exactly, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up On Economic Data

Posted: 14 Nov 2010 02:10 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday after the release of N.Z. data on Retail Sales.

NZD/USD was trading at 0.7763, up 0.38% at time of writing.

The pair was likely to find support at 0.7700, Friday's low, and resistance at 0.7912, Tuesday's high.

Earlier in the day, official data showed that retail sales in New Zealand rose more-than-expected to a seasonally adjusted 1.60% last month, from 0.00% in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

N.Z. Retail Sales Rise More-than-expected

Posted: 14 Nov 2010 01:55 PM PST

Retail sales in New Zealand rose more-than-expected last month, official data showed on Sunday.

In a report, Statistics New Zealand said that retail sales rose to 1.60%, from 0.00% in the preceding month .

Analysts had expected retail sales to rise 1.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Alberta Bakken – One Of The Largest North American Oil Discoveries In Decades

Posted: 14 Nov 2010 01:01 PM PST

What has the oil and gas industry so excited about the Alberta Bakken – the stealth play of the year?

Some big companies on both sides of the 49th parallel have spent millions buying thousands of acres of land – with almost no well data.  This flurry of activity says the industry is convinced the Alberta Bakken could be North America's next big play.

"I think what has the industry excited is the potential and similarities between the Alberta Bakken and the Williston Basin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quantitative Easing Explained

Posted: 14 Nov 2010 12:26 PM PST

131 – The Number Of Years To Replace Oil With Renewable Energy

Posted: 14 Nov 2010 11:39 AM PST

It seems the panic time for both green enthusiasts and peak oil pundits.

According to a new paper by two researchers at the University of California – Davis, it would take 131 years for replacement of gasoline and diesel given the current pace of research and development; however, world’s oil could run dry almost a century before that.

The research was published on Nov. 8 at Environmental Science & Technology, which is based on the theory that market expectations are good … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top 5 Economic Graphs For The Week Ended 14 Nov 2010 – China Update

Posted: 14 Nov 2010 11:01 AM PST

This week we review some of the key data and events in China over the past week. And what a week it was on the China front, with another 50bp hike to the required reserve ratio, and the market closing down just over 5% on Friday. The data we chart in this edition is China inflation, industrial production, international trade, retail sales, and loan growth.

1. China Inflation

China surprised the market with its October inflation data showing CPI up 4.4% year on year, vs an expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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