I just got around to reading and digesting Gillian Tett‘s phenomenal recounting of the BRIC saga from the Financial Times this past Friday. Tett does a great job getting to the origins of where the research team got its idea to conceptualize the investment theme and then traces its global spread from finance to consumer…
Russia
Drop Dead Gorgeous Pics of New Years Eve Around the World
New Years Photos from Celebrations Around the World.
The Biggest Market Call of the Decade
Yes, I’m about to give props to Goldman. Deal with it. The single biggest, most profitable market call of the last decade was made in 2001 by economist Jim O’Neill, then working at none other than Goldman Sachs. The call was made in Global Economics Paper #66 aka “Building Better Global Economic BRICs” and it…
Vitaliy Katsenelson on the Propaganda of Michael Moore
When you get a chance, run on over to Zero Hedge to read about a true capitalism love story, from an ex-resident of the Soviet Union who now runs money professionally here in the US and is a hell of a writer. From Zero Hedge: (This) past weekend Americans voluntarily spent a few million dollars to…
Market Recap: Dollar Does the Warrior's Dance
[vodpod id=Groupvideo.2726984&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The Reformed Broker, AKA the Firestarter, here with today’s Market Recap… Let me get this straight…a Russian minister makes an offhand comment about how the US Dollar probably won’t lose it’s reserve currency status anytime soon and the entire market nosedives? I guess we really are being led around by the commodities…it hadn’t…
Bail-ski: A Toast to the Russian Oligarchs, They're Gonna Need It
Forbes Russia just put out its 100 Wealthiest Russians lists and in the spirit of Glasnost, I thought I’d open up the discussion here. The numbers are out and the news is uglier than that thing on Gorbachev‘s head for Russia’s billionaire oligarch class… From Forbes Russia via The Guardian UK: The number…
