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Olduvai III: Catacylsm
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2021 Year in Review: Crisis of Authority and the Age of Narratives

2021 Year in Review: Crisis of Authority and the Age of Narratives Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year is no exception. Poignant and delightfully acerbic when necessary, considering the troubling times. As with past years, he selected Peak Prosperity […]

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April Cheers Could Bring May Tears, Have a Look…

April Cheers Could Bring May Tears, Have a Look… When people stop trusting a market they stop using that market.  Trust is at near 20 year lows.  The conundrum is that as volumes decline it becomes ever easier for price insensitive participants to manipulate the market only furthering the distrust.  This first three charts depict the deterioration of volumes […]

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Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’

Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’ And the abuses are getting worse, not better Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today’s financial markets. While he usually feels like a lone voice […]

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A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed

A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed Last June, China’s stock market miracle ended in tears. The SHCOMP’s inexorable, parabolic ascent was to a large degree facilitated by an explosion of margin debt, the likes of which could not be found in any other major market across the globe. […]

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Wall Street Banks Admit They Rigged CDS Prices Too

Wall Street Banks Admit They Rigged CDS Prices Too Back in June, we noted that a group of investors which included hedge funds, pension funds, university endowments, and others were looking to push forward with a lawsuit that alleged Wall Street had conspired to limit competition in the CDS market. Of course the whole case was based […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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