Jesse's Café Américain: Proprietary Trading

“I know there is a God — I see the storm coming and I see His hand in it — If He has a place for me then I am ready.”

John F. Kennedy, scrawled on a prayer breakfast program, NYT, May 15, 1964

Showing posts with label Proprietary Trading. Show all posts

10 May 2010

Trading in Hubris: Pride, Overreach, and the Inevitable Blowback and Consequences

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"We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prospe...

17 February 2010

Risk? What Risk? We Don't See No Stinkin' Risk..

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"It is the absolute right of the state to supervise the formation of public opinion." Paul Joseph Goebbels As measured by the VIX ...

04 February 2010

Proprietary Trading and Credit Default Swaps - Mission (Not) Accomplished

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Here's why the Volcker Rule ran into a brick wall of Senatorial gravitas and pusillanimous punditry. Give up prop trading AND banking st...

21 January 2010

Obama Proposes to Restrain the Banks from Speculation

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A good first move, but almost a year late. It still remains to be seen if it can pass with any teeth in it through a deeply conflicted and c...

18 December 2009

Gold Hit With a Bear Raid Yesterday - Memories of Citi's Eurobond Price Manipulation

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If the longs had been exiting the market, the open interest would have declined more significantly. These big plunges in price look to b...

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Le Propriétaire

Jesse

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