The Economist explains what is happening with fed funds and the repo market, here...
Saudi Aramco IPO… Bloomberg
Bloomberg’s Matthew Martin, Javier Blas and Archana Narayanan report on valuing Saudi Aramco’s IPO, here...
World’s greatest investor… WSJ
From Greg Zuckerman, Wall Street Journal, on Jim Simons, here... Adapted from “The Man Who Solved the Market: How Jim Simons Launched the Quant
Giving up on steep backwardation for 2020?
Yesterday, a strip of one month spread options on $1.50 calls in 2020 were liquidated... While we don’t know for sure the motivation behind the trade
Saudi Arabia, carbon trading, capture… Reuters
Who knew? ”We will come soon with a suggestion on carbon trading that would be a fair carbon trading system ... And I think it will work,” Prince
Algos gone wild… WSJ
Alexander Osipovic, Wall Street Journal, has an excellent piece on some unintended consequences of algorithmic trading, here... “The episode was
Sunday linkfest… Abnormal Returns
From the always excellent Tadas Viskanta, Abnormal Returns, here...
Commodities/equities ratio… WSJ
The Wall Street Journal’s “The Daily Shot” includes a chart that suggests commodities are undervalued vs. equities... Is this a meaningful
From the file of unintended consequences…
Economic analyses can drive one batty sometimes, but here is a study which suggests a “first do no harm” approach for public policy... The paper, “Be