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Good Reads Plunge Protection Team
Hedging On Greece – David Callaway – MarketWatch –
Mar 7th’ 2012 A very
enjoyable read on a popular urban legend which I believe has some truth to
it. Greek Default Priced In To The Market – Bob Pisani – CNBC – Jan 17th’ 2012 A good
commentary about, if sovereign downgrades of huge countries in Europe does
not take the market down then why should we still care about Greece even if
it defaults. Lehman Brothers
Still Doing Deals on Wall Street – CNBC – Jan 11th’ 2012 If you are
amazed at the fact that a bankrupt corporation can shell out 3 billion
dollars in legal fees, this article is for you. Not only is Lehman making its
advisors rich in bankruptcy its apparently in even can give billionaire Sam
Zell, the guy is worth more than 30 billion, a beating in bidding for a huge
real estate deal. Europe: Backlash Against Austerity, Bailout Coming – Bob Pisani – CNBC – Jan 6th’ 2012 A nice
summary article, with good predictive value. So far no one is really
evaluating the effects of austerity as, the ECB lending facility has pushed
up markets and crisis seems like it’s in the past. However, Germany still want the periphery to pay a big price for the bailouts.
Will the Italians and Spanish play good with Germany when austerity hits |
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House of Cards
is the story of the collapse of Bear Stearns and its legendary CEO Jimmy Cayne with it. While it is intended to appeal to the
general hype about how Wall Street is just bad and irresponsible, this book
had some good takeaways for the experienced trader and investor also.
Especially the part about the final stages of the deal with J.P Morgan is
very intriguing. The historical part of the book is not bad either, as Jimmy Cayne is a persona worth learning about to understand
Wall Street’s inner workings better.
This book is basically the counterpart of the other major book, The
Sellout by Charlie Gasparino. While Charlie Gasparino is by far the better journalist in my opinion
and his book is more comprehensive, I found House of Cards to be the better
read, as The Sellout was poorly edited and a little repetitive. |
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This is a
survey of the economic development of the world from the 1000’s up to
recently. It is a well written book and it does give more emphasis to the
events in 20th century as appropriate. I personally find that economic
history books are very valuable resources in understanding the relation
between politics and economics in the current events. You will also find out
how some disastrous events actually had unexpected positive effects on the
world trade and the development of economic superpowers. You will also learn
about the development of trade patterns and the shifting of power between
nations as trade routes change. This is a
rather academic book, and quite lengthy at more than 600 pages. However you
will enjoy it if you enjoy reading about history from an economic
perspective. |
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This was a
quick read and a very enjoyable read about the presidency of Bill Clinton,
whom I consider to be the greatest president of the US in the 20th century,
with some great takeaways in dealing with a bipartisan Senate and Congress as
in the latest administration. There isn’t that much written about Clinton’s
political career aside from his own book, so this is the book to go with if
you are fascinated by him and his economic success. It is a concise and well
written read. While the
book is intended to analyze Clinton as a persona, it also explains how he dealt
with some great obstacles in the American politics to lead the nation into
the greatest economic boom of the century. I find Clinton’s post-presidency
remarks brilliant as well, so this is a guy worth learning from and worth
learning about. I should also
mention my admiration for Mr. Clinton comes despite me being a Republican
leaning person. |
