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’Warning: transparency in finance may lead to goat-herding
Before the break, FT Alphaville took a look at abstraction and morality in modern finance. This prompted some rather interesting discussion, among which this post from Interfluidity:
Finance has always been complex.
More proof the Chinese have been using copper as collateral
The disconnect between oil prices and copper prices is gaining increasing attention.
Naturally, the curiosity boils down to the fact that while oil prices are rising, copper prices are doing anything but:
With great power… [UPDATED]
While FT Alphaville is not aimed at a retail investment audience*, we do attract a small number of “what should I do with my pension?” and “isn’t GKP amazing?” type commenters.
So it was with interest that we noted the results of a Harris Interactive survey which found that:
Newsbreak
Joshua Brown over at The Reformed Broker has a wry post on all the news items that the media (including the blogosphere) remains obsessed with, but which the markets no longer seem to give a fig about.
Should European banking bosses keep their mouths shut?
PR firm Hill & Knowlton has begun to dabble in an arena usually reserved for its banking clients: modelling.
As the Gorkana PR service reported on Thursday:
Hill & Knowlton in conjunction with Commetric have developed a model,
The Obama-Volcker remarks in full
REMARKS BY PRESIDENT BARACK OBAMA
SUBJECT: ADDITIONAL REFORMS TO THE FINANCIAL SYSTEM
THE DIPLOMATIC RECEPTION ROOM, THE WHITE HOUSE, WASHINGTON, D.C.
11:39 A.M. EST, THURSDAY, JANUARY 21, 2010
PRESIDENT OBAMA:
Welcome to the sub-marine crisis
On Thursday, AP Moller Maersk — the world’s top container shipping company — spooked shipping industry watchers when it reported deeper than expected losses of $706m for the nine months to September,
Bird and Fortune in the FT boardroom
US readers may not be familiar with the brilliantly satirical comedy of the Johns Bird and Fortune, but those based in the UK will know them from Channel Four.
The Two Johns and their co-conspirator Rory Bremner have skewered a range of topics,
On the (de)merits of small banks in developing countries
Over at the Economist’s Free exchange blog, a handful of top-flight economists (as one would expect) have been engaged in a lively debate on the optimal size and complexity of developing countries’ financial systems.
Darling’s banking reforms attacked
Alistair Darling’s blueprint for reforming the financial regulatory regime on Wednesday failed to impress the City and drew withering fire from the Conservatives, who vowed to reverse the report’s main proposals should the party win the next election,