31 8 / 2014

billstrickland:

on instagramming, on instagram

billstrickland:

on instagramming, on instagram

31 8 / 2014

alexbhturnbull:

So there is plenty of discussion this weekend about cutting Russia off from SWIFT. This is not something to be done lightly, ever. It is the equivalent of a utility cutting off your power or a telco cutting your phone line. Generally speaking, its the last straw before military intervention. In…

11 6 / 2014

csen:

In a lot of ways this was a cathartic week for me as I thought about the present track of economic activity and the likely path for us going forward. Auto sales in May surged on the back of strong job/credit growth. April [revolving] consumer credit, ie credit cards, showed their strongest growth…

05 5 / 2013

markdow:

This is the question I always fantasize an insightful CNBC interviewer will ask of his/her guest after the guest offhandedly mumbles something about ‘the yen carry trade’.

Odds are, though, it’ll never happen.

What is a carry trade and why is it so pervasively misunderstood?

First, a…

23 4 / 2013

Abusing @instagram to promote derenner.com. Relaunched and lots of new content.

Abusing @instagram to promote derenner.com. Relaunched and lots of new content.

20 2 / 2013

markdow:

Commodities as a group have been underperforming equities for about six months now. The correlation between the two groups has been grinding lower. Even more important, I think the underperformance of commodities—and by extension emerging markets—will persist for some time.

Hang on. If the…

And that is why they pay him the big bucks. key takeway - there is a fundamental misunderstanding of monetary policy and inflation mechanisms.

19 2 / 2013

felixsalmon:

On the left, Balthazar’s specials in 2001. On the right, Balthazar’s specials in 2013. If you ordered the special every day but Thursday, the total cost (before tax, tip, etc) would have gone up from $135 in 2001 to $234 in 2013: that’s an increase of 73% in 12 years. By contrast, to keep up with inflation, $135 in 2001 should be $175 today.

I shudder to think what the delta is at Sydney restaurants. 

felixsalmon:

On the left, Balthazar’s specials in 2001. On the right, Balthazar’s specials in 2013. If you ordered the special every day but Thursday, the total cost (before tax, tip, etc) would have gone up from $135 in 2001 to $234 in 2013: that’s an increase of 73% in 12 years. By contrast, to keep up with inflation, $135 in 2001 should be $175 today.

I shudder to think what the delta is at Sydney restaurants. 

17 2 / 2013

youbroketheinternet:

Perfect

Office downstairs, live upstairs. 

youbroketheinternet:

Perfect

Office downstairs, live upstairs. 

(Source: hoyss)

05 2 / 2013

youbroketheinternet:

Illusion

youbroketheinternet:

Illusion

(Source: ccwlth)

23 1 / 2013

Olé

Olé