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

22 1 / 2013

mostexerent:

Don’t trust #GrownMen w matching #MilSpecGoruck luggage unless they on their way down to Radelaide for the TourDownUnder #tdu #supharing #iphone5

mostexerent:

Don’t trust #GrownMen w matching #MilSpecGoruck luggage unless they on their way down to Radelaide for the TourDownUnder #tdu #supharing #iphone5

22 1 / 2013

mostexerent:

Not ready, but “it’s what it is” .. 5 days of #supharing down at the #TDU w @pikey100 @caffeine_abuser @alexroseinnes @silly72 & @raphaworks #iphone5 #firstworldpelotonproblems

mostexerent:

Not ready, but “it’s what it is” .. 5 days of #supharing down at the #TDU w @pikey100 @caffeine_abuser @alexroseinnes @silly72 & @raphaworks #iphone5 #firstworldpelotonproblems

22 1 / 2013

thekhooll:

Private Moon
Russian artist Leonid Tishkov doesn’t just experience the moon from a distance, but rather, he has a regular, close-up love affair with the glowing lunar sliver found throughout his ongoing project, entitled Private Moon. 

thekhooll:

Private Moon

Russian artist Leonid Tishkov doesn’t just experience the moon from a distance, but rather, he has a regular, close-up love affair with the glowing lunar sliver found throughout his ongoing project, entitled Private Moon