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Author: Andy Bebut

2010 Predictions: Oil

The spectacular rebound in oil prices in 2009 could be attributed to two major factors: fears of currency debasement that lead to excess hoarding and speculation; and discipline of well-oiled Opec members to cut production. You already know from many p…

The Financial Ring

The big financial question that every econo-blogger must be aware of is: how come that the proportion in profits in the economy as the whole that the financial industry was taking was constantly increasing all the past few decades and yet this same fin…

Fundamentals, News and the Market

We all hear from all possible stock market advisers and economists that the market discounts all news in advance, essentially validating the tradition to call news “newsnoise”. And I totally agree with that. However I also hear as many times that the market discounts  fundamentals well in advance. And here’s the problem. It turns out that many […]

All about Program Trading

All you need to know about Program Trading but were always afraid to ask.
There is a lot of confusion on the internet about program trading and I have the impression that many people who seriously discuss it in fact are not directly involved in it. So what is program trading?

In the past, when you needed […]

The single Fed mandate

Every time I hear about the Fed dual mandate I feel it’s part of some kind of “find hidden words” game. The real thing is not what they say

The dual mandate says “maintain price stability” and “empower the maximum employment”. Immediately confusing, because I see nothing dualistic here. It never happened in history of any […]