Archive for September, 2008
My current reading, set in one of my favourite cities in the world and winner of the Nobel Prize in Literature 2006. ‘In Istanbul, in the late 1590s, the Sultan secretly commissions a great book: a celebration of his life and his empire, to be illuminated by the best artists of the day – in the [ READ MORE ]
Entropy: • figurative lack of order or predictability; gradual decline into disorder : a marketplace where entropy reigns supreme. “A strong case can be made for stricter regulations and supervision of banks to forestall euphoric lending that may end in financial crisis…….. Mismanagement of banks is hard to detect before the fact, and fraud, even more difficult. [ READ MORE ]
‘A crash is a collapse of the prices of assets, or perhaps the failure of an important firm or bank. A panic, “a sudden fright without cause,”… may occur in asset markets or involve a rush from less to more liquid assets. Financial crisis may involve one or both, and in any order…..The collapse of [ READ MORE ]
