Forex Howto

Bit quiet on my trading front lately, busy with real work mostly and the few times I’ve looked at a trade it hasn’t been quite right.
I just read an interesting interview with an analyst called Stephanie Pomboy talking about the USD with Barrons though I read it courtesy of 1440 Wall Street.
A key quote for [...]

One of the books I’ve got on my recommended books page is the (mis)behaviour of markets, by Benoit Mandelbrot. I found this video on Trader Mike’s blog and thought it was very interesting, I prefer Mandelbrot to Taleb (a bit too much sensationalism for my liking).

One of the people I follow on twitter is previous, I just noticed a graphic he posted a link to (sorry I don’t know the original source), I thought it was quite interesting, not so much from a FOREX perspective, though more from an American economy perspective.

Make sure to click through for the full sized [...]

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A great writeup by Harvard economics lecturer Jeffrey Miron detailing why the government shouldn’t bailout the bankers.
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. [...]

Interesting that the $700 billion bailout package didn’t workout in the US (at least not yet). Sucks to be a banker knowing that they aren’t going to come and make your stupid purchases magically disappear.
Assuming the deal doesn’t pass on a second or third try, I think it will be for the long term benefit, [...]