Taleb: Focus on specific trades in sell-off misguided

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Nassim Taleb, professor at New York University and author of “The Black Swan: The Impact of the Highly Improbable”, talks with Bloomberg’s Erik Schatzker about the May 6 stock market selloff and his investment strategy. Taleb also discusses the drivers for the financial crisis, the U.S. economy and the performance of Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. [...]

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More economists predict delay in rate hike

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A new Wall Street Journal survey of economists shows the crisis in Europe is delaying expectations for interest-rate hikes in the U.S. Click through … [...]

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Pitching the rand

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By Cees Bruggemans, Chief Economist FNB.

There is much clamouring for a weaker Rand.

Indeed, why stop at fair value (reckoned at 8.50:$) if you can get 9:$ or 10.50:$? Why not go straight to 15:$ and feel really rich (for a while, at least, until you want [...]

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A typical European response to an atypical European problem

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“Longer term, none of the measures announced over the weekend tackle the fundamental issues of uncompetitive economies across the southern part of the Euro-zone,” said Victoria Marklew in this guest post. [...]

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Failed blowout preventer …

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What a day Thursday was! [...]

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Meet the world’s new currency of choice

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Yes, it is gold bullion, which yesterday made a new high for the current bull market when it surpassed the December 3 interday high of $1,226. Although the yellow metal is both a commodity and currency, it has lately become the world’s currency of choice, i.e. a vote of no confidence in fiat paper. [...]

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