Skip to main content

Features of the week

Inflation, furor over oil prices, '87 crash reminiscences, and a lot more. That's what we have in store for you in this week's edition of, "Features of the week".

1. From the Economist, "How the Fed made the subprime mess worse".

2. A crude oil super-spike. We're seeing a lot of drivel this week about a crude oil price bubble as prices have shot well past the $80 mark towards the $90 level.

As of today, some "experts" are even appearing on TV to decry the speculative price move and declare oil prices to be "not appropriate". That settles it; close the markets, we now have an expert to set prices for us at the "appropriate" level!

Sorry to repeat this information so quickly, but for anyone who would like to revisit the fundamentals that have been driving the crude oil and energy markets for the past several years, please see our recent post, "The path to $80 oil".

3. "When Crash Means 'Buy'". WSJ revisits the 1987 crash and the advent of the "buy on the dip" credo.

See also, FT's "The anatomy of a crash: What the market upheavals of 1987 say about today".

4. Enron accounting at Citigroup. Mish on the shady accounting put in place by Citi in the big SIV superfund mop-up plan. Please see the following links (item 1) (item 2) at Bear Mountain Bull's blog for more backgound on the whole SIV and M-LEC bailout fund issue.

5. Greenspan questions 'superfund'. Though he'd probably come out for it were he still in the Fed's employ.

6. Anatomy of the Ron Paul Nation. Cyd Malone comments on his involvement with the Ron Paul campaign.

7. FT.com has launched a new video segment called "View from the Markets". Investor Mark Mobius, their first guest, speaks on emerging markets.

8. Buffett sells entire PetroChina stake. Got sick of hippies yelling at him about Darfur. Just kidding.

9. "I Am Not a Number - I Am a Free Man". James Wisdom writes at Daily Speculations.

10. Hyperinflation Across the Globe. Fabulous rundown of past hyperinflations from Mike Hewitt's Dollar Daze blog.

11. An interview with Charles Kirk, of The Kirk Report.

12. A Stoner's Guide to Making Egg Fried Rice. Follow the handout.

That's it, gang. Enjoy your weekend and thanks for reading Finance Trends Matter.

Popular posts from this blog

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .

Moneyball: How the Red Sox Win Championships

Welcome, readers . T o get the first look at brand new posts (like the following piece) and to receive our exclusive email list updates, please subscribe to the Finance Trends Newsletter .   The Boston Red Sox won their fourth World Series title of t he 21st century this we ek. Having won their first Se ries in 86 years back in 200 4, the last decade-plus has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it? Quick background: in late 2002, team own er and hedge fund manager, John W. Henry (with his partners ) bought the Boston Red Sox and its historic Fenway Park for a reported sum of $ 695 million. Henry and Co. quickly set out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship. This brings us to one of my fav orite scenes from the 2011 film , Moneyball , in which John W. Henry (played by Ar liss Howard) attempts to woo Oakland A's GM Billy Beane (Brad Pi