Finance Roundtable

Finance Roundtable

The market forecasters and personal finance blogs complement the Economics Roundtable.

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Global Trader’s Diary


September 18, 2016, 11:13 pm, 1674261
A few quick links:

Australia's ability to service foreign debt more dependent on strong commodity prices  than housing.  (datadiary.com)

The permabears: where are they now? (Businessweek.com)

Gold holdings of the GLD exchange traded fund reached a record high. (


September 18, 2016, 11:13 pm, 1674262
This is a very good insiders account of the market microstructure that led to the flash crash and snap rebound.  From an interview with Tradeworx CEO, Naraj Narang:

...So, the market was ripe for a catastrophic event, because it was so saturated with stop orders, all it needed was a ...


September 18, 2016, 11:13 pm, 1674263
Alphaville points out that the Spanish Credit Default Swap (CDS) curve has joined the Greek and Portuguese curves in inverting.  They explain it as the market pricing in a higher likelihood of default in the early years of the curve.

My explanation would be that the market is ...


September 18, 2016, 11:13 pm, 1674264
Participants look set to continue adding back the risk jettisoned over the last few weeks.

It will be interesting to see how bonds respond today with non-farm payroll numbers typically bringing the volume that allows for big moves.  I would expect with momentum weakening in the recent rally ...


September 18, 2016, 11:13 pm, 1674260
I sold the August gold contract with a stop near today's peak.   There are a few reasons driving the trade

1) I don't think the movements in gold are widely understood.  I mentioned (on Twitter) Fred Wilson's article on why he thought gold was a poor ...


September 18, 2016, 11:13 pm, 1674259
I stopped out on the way back up through 1250 today.  It tested down through its 20 day average on Wednesday but didn't stay below for long.  There is some chance the bounce back was expiry related but gold continued higher after the expiration.  Any ...


September 18, 2016, 11:13 pm, 1674256
I recently wrote about the importance of the accumulated debt in the worlds current financial troubles and am heartened to learn some of the mainstream is not thinking that differently.

Martin Wolf both agrees that central banks need to pay more attention to aggregate ...


September 18, 2016, 11:13 pm, 1674257
I am surprised the markets shrugged off the MF Global loss of client funds so easily.  I am hopeful that the end result will be tighter restrictions to prevent such losses in the future.  Until this happens though I would have ...


September 18, 2016, 11:13 pm, 1674258
I liked this essay's explanation of the zeitgeist behind the Occupy movements.


September 18, 2016, 11:13 pm, 1674255

How many years has the economic crisis set back the most affected countries?

China's foreign exchange reserves move the Euro.

Is an engineering degree ...