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Bad to the eurozone core | Richard Baldwin, VoxEU | Commentary | Business Spectator

The normality assumption of the Black–Scholes ...

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IMF chief Christine Lagarde has made phase 2 of the eurozone crisis official: “Developments this summer have indicated we are in a dangerous new phase.”

Phase 1 was the eurozone periphery and phase 2 is the eurozone core. It is now possible that more eurozone nations will need bailouts and Europe will fall into a Lehman-sized recession.

This changes everything. Eurozone leaders must wake up and get a grip on the situation before it tumbles out of control. They’ve been sleepwalking since May 2010, so it may take a stock market crash to stir them to action – and the stock-market alarm clock looks set to go off soon.

via Bad to the eurozone core | Richard Baldwin, VoxEU | Commentary | Business Spectator.

Strange Random Stock Market Quote:

Market Timing is a wicked idea. Don’t try it ever.” – Charles D. Ellis


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The Most Bizarre Investing Strategies – MoneyBuilder – making sense of your finances – Forbes

The Alpha version of the Black Lotus card (her...

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Necessity is the mother of invention, as they say. In these rather bizarre times, it is now possible to get gold from a vending machine or if you’re feeling a bit more reckless, you could always try one of these strategies, such as renting a cow, selling options on your life insurance or just good old-fashioned star-gazing!

Some people are worth a lot on paper; others quite literally have the bulk of their assets in paper. Kelly Reid is one of the latter—he’s founder and editor-in-chief of Quiet Speculation, a daily publication focused on investment strategies within the Magic: The Gathering trading card game—and estimates that more than half of his personal wealth is tied up in cards he owns. Magic cards fluctuate in value based on their use in tournaments played around the world. The game, created by mathematics professor Richard Garfield and launched in 1993, now boasts 6 million players worldwide according to Wizards of the Coast, Magic’s Hasbro-backed publisher. The most valuable card, Black Lotus, is currently worth $840, up 16% since the start of 2010. The S&P 500, by contrast, is up 12% over the same time period.“As both a collectible and competitive game, Magic: The Gathering has evolved its own primitive stock market,” says Reid. “Individual card prices rise and fall based on competitive play, and online resellers set bid/ask spreads, providing liquidity for traders.”

via The Most Bizarre Investing Strategies – MoneyBuilder – making sense of your finances – Forbes.

Strange Random Investment Quote:

You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes. (Madoff talking about the Internet bubble) Bernard Madoff


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Money & Company –

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Here’s your more-more-more Monday roundup of consumer news from around the Web:– Fly the friendly iPad? British Airways is experimenting with handing out iPads for in-flight entertainment. The carrier has already begun trials of the iPad on selected Boeing 777 services as an alternative to the portable DVD players currently issued to first-class passengers.

via Business, finances, economy, stock market, stocks, bonds, investment, investing, 401K, IRA, Petruno – Money & Company –

Strange Random Airline Quote:

This is a nasty, rotten business — Robert L. Crandall, CEO & President of American Airlines.

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Utah Goes for Gold: State Puts Metal Coins on Par with the Dollar (Well, Almost) – Yahoo! Finance

Biggest Gold Coin

Utah has gone for gold — quite literally.Last week the state became the first to pass legislation legalizing gold and silver as forms of currency. The law also exempts the coins — which are typically considered an investment — from capital gains taxes. This may come as welcomed news for gold bugs: gold has been on a tear for decades — currently hovering above $1500 an ounce — and has held up in the midst of tumbling silver, oil, and now the equity market.

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Strange Random Gold Quote:
No gold-digging for me… I take diamonds! We may be off the gold standard someday.” – Mae West (American Actress and sex symbol, 1892-1980)

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Viadeo Peter Crosby On Why LinkedIn IPO Is Good For All Social Networks | Business | Sky News

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When LinkedIn raised its projected IPO target this week by as much as 30% it also raised a few eyebrows. The social network expects to raise approximately $400m £240m and is being watched closely by other social media firms including us to see how the markets react. The initial valuation seems high to those without the inside track. This inevitably prompts questions: Is this a bubble? Will it burst? Will it damage future social media deals?

via Viadeo Peter Crosby On Why LinkedIn IPO Is Good For All Social Networks | Business | Sky News.

Strange Random Stock Market Quote:

“The problem is that the stock market tends to predict downturns or upturns too early. The common joke is that the stock market predicted 11 out of the last 9 recessions.” – Sung Won Sohn

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