Male Hormones Blamed for Stock Market Bubbles and Crashes

Men have endlessly enjoyed making nasty remarks about women’s hormonal cycles. But a recently published study concludes that male traders are to blame for stock market bubbles and their subsequent crashes. The findings published in Proceedings of the National Academy of Sciences recommend that “you could stabilize financial markets by hiring more women and older…

Is Testosterone Bad for Traders?

Zubin Jelveh at Portfolio.com combines research on the disadvantages of testosterone in traders. He goes as far as to suggest that traders take female hormones to become better risk managers. It looks like he’s never been a trader. I, for one, can attest to all the disadvantages of testosterone in my life. Premature baldness, extreme…

The Best CEO Compensation Viewing Tool Ever

The New York Times has the best CEO compensation viewing tool ever. This is the best way to see how bloated the pay package of the U.S. company CEOs is. My favorite CEO on the list is John Thain for managing to negotiate Merrill Lynch (MER – $42.60) shareholders out of $83 million for doing…

Initial Thoughts: G7 Meeting Signals Wall Street’s Next Bailout

"Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability," says the statement from this weekend’s G7 meeting. It was the first time since the Prague meeting of 2000 that the G7 have united to voice explicit concern…

Recommended Reading: April 14, 2008

How hunger could topple regimes. “When the history of the global banking crisis is finally written, the failure of the European Central Bank to prepare the ground for rate cuts in early 2008 will rank as a policy blunder of the first order,” says Damian Reece at The Telegraph. The recession may not be as…

Recommended Reading: April 11, 2008

Are private-equity firms calling the end of the credit crunch? Lewis Black Mocks Media, Celeb Endorsements. Extending your own life expectancy is the most selfish motive imaginable for doing anything, says Michael Kinsley at the New Yorker. The U.K. needs to rethink its ‘romantic’ energy policy or face disaster, says Ambrose Evans-Pritchard at The Telegraph.…

Socially Conscious Decision ’08: John McCain

Presidential candidate John McCain (R-AZ) is a Vietnam veteran who spent 5 1/2 years in a prisoner-of-war camp in Vietnam after refusing an out-of-sequence repatriation offer, which was extended because his father was Commander-in-Chief, Pacific Command (CINCPAC) of all Vietnamese forces.

Recommended Reading: April 10, 2008

A survey shows that middle-class Americans are increasingly downbeat about their short-term economic progress. Don’t forget to read Ben Bernanke’s (fake) blog: Paul Volcker is an enemy of the U.S. economy. Do happiness and economic growth rise and fall together? This is one of the reasons why I will apply for U.S. citizenship if Barack…

Recommended Reading: April 9, 2008

The best of the web… Have you had enough of doom and gloom yet? Now for a bit of optimism… Some interesting thoughts on the shape of a (possible) U.S. recession. Yves Smith at Naked Capitalism rips into former Fed Chairman Greenspan. "When Richard Nixon tried to rehabilitate his reputation, he didn’t dispute the horrific…

Recommended Reading: April 8, 2008

Watch the video: Risk management group SBCC says writedowns at banks from the subprime crisis could total $500 billion dollars, double what has already been reported. Tanya Beder, speaking at the 2008 Reuters Hedge Fund and Private Equity Summit in New York on Monday, says the fallout from the mortgage meltdown may become more clear…

Greenspan: The Maestro is Mad

Photo:trackrecord, Creative Commons, Flickr Former Federal Reserve Chairman Alan Greenspan has become extremely concerned that his legacy is being tarnished by the loud chorus of critics who blame him for engineering the housing bubble. After being criticized by several economists for his March 17 op-ed piece in the Financial Times, Greenspan was back Monday morning,…

Hand Jobbers: Signals Instead of Typing

When I started on Wall Street most things were still traded this way. I was trading Emerging Market Bonds over the phone and never used these signals except across a crowded loud room, and even then I mostly got them wrong. I usually had to resort to a phone call. However, over time, some things…

Follow Up: Yahoo Response to Microsoft’s Letter

So Yahoo (YHOO – $27.82), calls out Microsft (MSFT – $29.30) and details responses to their fight over Yahoo’s online brand, assets and people. Larry Dignan at ZDNet does a fantastic job of ironically translating the letter from Yahoo to Microsoft. What does this all mean? Yahoo is willing to have a proxy fight and…

Dell and Google: Way to Go Green!

ENN, the Environmental News Network, recently announced that Dell (DELL – $19.53), the world’s largest mail-order computer vendor and maker of the infinitely adaptable Dell PC and laptop computers, was running its 2.1-million square foot Round Rock facility entirely on renewable energy.

3 Reasons Why the U.S. Will Avoid a Recession

It was refreshing to read Anatole Kaletsky’s contrarian piece in Sunday’s London Times, and it should be required reading for all investors. "I am probably the only economist left in the world who still believes that a U.S. recession is likely to be avoided," says Kaletsky. Given the massive amount of doom and gloom in…