The richness of math is in the abstraction. It allows you to take a step back from reality, and that gives us the freedom to think the way we want. Mathematicians display a great deal of imagination.
Category: Economics
The Euro Is Not Unassailable, Even With The ECB’s Bond Buying
The problem is that the currency union is only as strong as its weakest link. Lopping off the weakest part of the Eurozone is not akin to removing a cancerous lesion from an otherwise healthy body, but more like the puncturing of an important blood vessel, which could well destroy the patient.
The Rise of the HFT Machines
The potential cost is huge; the short-term benefits are minuscule. Let’s give HFT the funeral it deserves.
The Bond Market Discovers A New Leading Man
Mr. El-Erian counters that Pimco’s culture rewards people who challenge conventional wisdom.
4549 Words In 20 Milliseconds
Deep dive into the world of algo-trading :
In a mere 20 milliseconds, the world’s ‘traders’ had managed to read Bernanke’s 4549-word script, interpret it (as bearish in this case – which apparently is wrong now?) and start to sell down the major equity indices.
Abnormal Capitalist 