Silver as an investment

Category Archives: Michael Lewis

The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]

Getting Rich Is Largely About Luck (Just Don’t Tell The Wealthy)

Via The Conversation, The UK suffers from the highest levels of income inequality in Europe – partly because of the delusions of its rich. In countries where the rich have less, they tend to be less delusional, about themselves, about other people, about what is possible, and about why some become rich. In the UK, […]

Steve ‘Big Short’ Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

Authored by Jim Quinn via The Burning Platform blog, I loved Michael Lewis’ book – The Big Short – about the 2008 Wall Street created global financial catastrophe, that is still impacting the little guys on Main Street eight years after it was supposedly resolved by Paulson, Bernanke and Obama. I even wrote an article […]

ECB Blatantly Exposes Central Bankers Market Perversion

Authored by Mark St.Cyr, There was a time not all that long ago (circa 2009) when the markets were still gyrating wildly after the initial shocks of the ’08 collapse. It was during those gyrations that there was a very perceptible, heavy, and “hidden hand” making itself ever-present. This “hidden hand” came in only on […]

“You Are Here”

Submitted by Jim Quinn via The Burning Platform blog, “The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship […]

Federal Reserve Reading List? Michael Lewis Will Tackle Human Irrationality In New Book

Michael Lewis, the author of books such as "Flash Boys", "The Big Short", and "Moneyball" is set to come out with his latest work in December. In "The Undoing Project: A Friendship That Changed Our Minds", Lewis sets out to answer the question of why people aren't as data driven as Billy Beane, the Oakland […]

What DOJ Probe: Citadel Acquires Electronic Trading Pioneer ATD To Cement HFT Dominance

Less than a week after Reuters broke the story that the Department of Justice is probing HFT powerhouse Citadel, which admits it executes 35% of all trades by retail investors in U.S.-listed stocks, whether it is also frontrunning those orders (an allegation that many are convinced is a rock-solid fact) we find that billionaire Ken […]

DOJ Probing Whether Citadel Is Frontrunning Its Clients

Over two years ago, and just days after Michael Lewis released Flash Boys focusing attention on the ongoing criminal practice of orderflow frontrunning by such Fed intermediaries as Citadel (and many other now entrenched and recently IPOing names), none other than Citadel’s head of “Execution Services” which we supposed is the internal name of the […]

Obama Admits Couldn’t “Convince Americans Of Recovery”, Bashes ‘The Big Short’

Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth – but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes […]

Former Fed Advisor Asks “Has The Fed Bankrupted The Nation”

Authored by Danielle DiMartino Booth, former adviser to Dallas Fed's Dick Fisher Volcker, Greenspan, Bernanke and Yellen. Which one does not belong? Logic dictates that Volcker should have been odd man out. After all, there is no legendary “Volcker Put.” The towering monetarist made no bones about never being bound by the financial markets. The […]