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Brokers' forecasts and recommendations for Cisco Systems in 2000-2001
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Absolutely brilliant!
Investments Office , Ronald Weber
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Risk, Return and...Liquidity!
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The combination of illiquidity and leverage has long been a mainstay of financial crises (…) illiquid assets which may not show much price movement for months can then dip sharply.
WSJ, June 26, 2007
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How many blondes will it take to turn the dollar?
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There remains widespread bearishness towards the greenback, but new hope for the US dollar bulls has come from an unlikely quarter: the glamorous world of top supermodels.
Crossborder Capital , November 2007
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Dynamics of Markets: Econophysics and Finance
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Standard texts and research in economics and finance ignore the absence of evidence from the analysis of real, unmassaged market data to support the notion of Adam Smith's stabilizing Invisible Hand. In stark contrast, this text introduces a new empirically-based model of financial market dynamics that explains the volatility of prices options correctly and clarifies the instability of financial markets. The emphasis is on understanding how real markets behave, not how they hypothetically 'should' behave.
Cambridge University Press, May 2004 , Joseph L. McCauley
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Signs of Re-flation in Japan:
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According to Mizuho, we have seen in recent weeks price hikes for ramen noodles, beer, taxi fares, mayonnaise, white bread and student note books. In most of these cases these are the first price hikes in these items in 17 years!
Mizuho
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Livedoor Analyst Report Undigged!
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...or why CFAs and comics don't match!
Calyon
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More thoughts on deleveraging and the Yen
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one pattern that is remarkably consistant since 18 months is the YEN/USD - equity markets correlation, though it’s difficult to determine how the causation works. Nowadays the strong Yen screams louder than ever that someone out there is “deleveraging” on a massive scale.
Investments Office, 11.11.2007 , Ronald Weber
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Greenspan's Market Forecasts Track Record
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Remember Mr. Greenspan’s 1996 irrational exuberance speech? Against his
warnings, US equities kept on a tear, which left too many active managers behind.
Incidentally, Mr Greenspan’s track record on calls on his own market is spotty at
best, so it is a wonder that anyone should wish to listen to him on a market about
which he most likely knows little.
GaveKal
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Technological innovation and real investment booms and busts
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Journal of Financial Economics, Volume 85, Issue 3, September 2007, Pages 735-754 , Peter DeMarzo, Ron Kaniel and Ilan Kremer
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More Thoughts on The Black Swan
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The Black Swan, Mediocristan versus Extremistan, When "Because" Isn't Enough, Gliding Into Disorder
Thoughts from the Frontline, September 14, 2007 , John Mauldin
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