Although the bombing outrage in India two days ago caused widespread condemnation, surprisingly it had very little effect on the stock market in India itself – the Bombay Stock Exchange instead focused on economic factors and the Sensex index closed up at 10,930. There may be a bigger crisis looming though, and this time...
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The entire global financial system is on the verge of disintegration, as the result of the imminent collapse of the yen carry trade – a rather apocalyptic quote from the UK’s Daily Telegraph in February of this year. Referring of course to the decision by the Bank of Japan whether to raise interest rates,...
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When Edward Lorenz, an MIT meteorologist, first described the Butterfly effect it signalled the introduction of chaos theory, in effect the study of minor cause to massive effect. He asked – Does the Flap of a Butterfly’s Wings in Brazil set off a Tornado in Texas? Well we all know now that markets are...
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