Monthly Archives: December 2009

What is computer science and what is complexity theory?

And what is computer complexity? “In a complex world, it is better to keep it simple.”

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Gold sell off continues apace.

Wrong figures, manipulated figures, people who had sold out just before the big sell off, crowded trades that were not dangerous …. the big sell off in Gold has continued, as the Dollar’s data-driven recovery rally gathered apace on Monday … Continue reading

Posted in All Guest Authors's Posts, Finance, Financial Markets | Tagged , , , | 1 Comment

Terrance Watanabe managed to lose nearly $127 million during a year-long gambling binge at the Caesars Palace and Rio casinos in 2007.

“In a civil suit filed in Clark County District Court last month, Mr. Watanabe, 52 years old, says casino staff routinely plied him with liquor and pain medication as part of a systematic plan to keep him gambling.” More on … Continue reading

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A British professor in favor of global warming called an American climate skeptic “an asshole” live on BBC’s NewsNight.

“What an asshole!” declared Professor Watson at the end of the contentious debate with Climate Depot’s executive editor Marc Morano. A clearly agitated Watson had earlier shouted to Morano “will you shut up.” More on Memeorandum UPDATE: – Understanding Climategate’s … Continue reading

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Google Search now personalizes everyone’s search results.

- Search Engine Land – Google Blog –> Read those 2 stories. This is important.

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Peter Schiff is still bullish on gold.

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Gold Bulls and Dollar Bears Silenced

The price of Gold has plunged and the dollar has rallied strongly after the US government reported a surprise drop in the unemployment rate to 10 percent. Those that felt that Gold was not a “dangerous” trade are looking a … Continue reading

Posted in All Guest Authors's Posts, Finance, Financial Markets | Tagged , , , | 7 Comments

InTrade CEO John Delaney refused to improve the fairness of the trading on his Ireland-based event derivative exchange.

InTrade — US.GOVT.HEALTHPLAN.DEC09 One InTrade trader, in October 2009: The four re-definitions that have (so far) been necessary during the 3-month life of the US.GOVT.HEALTHPLAN.DEC09 contracts have brought to my attention that Intrade, to the best of my knowledge, does … Continue reading

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How to outperform the market

Henry Widget: It is tremendously hard to outperform the market. It is extraordinarily difficult.

Posted in Finance, Financial Markets, The Global Economy | Tagged , , , , , , , , , | 2 Comments

Bankers’ bonuses have less to do with rational incentive mechanisms than with the fact that bankers have power.

“It’s a form of legal extortion.”

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