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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Late yesterday Time Warner confirmed that it would disclose its business strategy for the Internet unit AOL – at the same time Time Warner dismissed a report in the Wall Street Journal that it will lose up to $1bn over the next three years with its change in strategy. The statement said – Recent...
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After many years of wrangling with the DoJ, in 2002 Microsoft agreed to a watered down ruling that ordered it to share information more openly with its competitors and stop abusing its monopoly. Or so everyone thought, as usual Microsoft consented but did not deliver, so in May of this year a district judge...
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The Australians pride themselves on being – the lucky country – god’s own country and ‘Best bloody place on earth, bar none, strewth’. But if you’re a politician it can be a mean place to live. In the last Australian election in October 2004 it was widely held that the young up and coming...
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