SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by penguina
August 20th, 2008, 1:41 pm
Forum: Careers Forum
Topic: Salaries in Academia
Replies: 23
Views: 53404

Salaries in Academia

that sounds a lot more reasonable.
by penguina
August 20th, 2008, 1:26 pm
Forum: General Forum
Topic: A large bank is about to go bust...we're not going to tell you which one
Replies: 86
Views: 63359

A large bank is about to go bust...we're not going to tell you which one

<t>QuoteOriginally posted by: DominicConnorHowever, China offers a tantalising oportunity here...It holds a huge great big pile of US government debt.This goes far beyond rationality in terms of diversification and risk.It cannot even sell much without seriously risking the value of the rest.But it ...
by penguina
August 20th, 2008, 1:12 pm
Forum: Off Topic
Topic: Coal Mining Anybody?
Replies: 56
Views: 54830

Coal Mining Anybody?

<t>the UK is facing an energy crisis due to the absurd "dash for gas" under John Major and Tony Blair. Under Thatcher the policy had been to avoid the use of North Sea gas for electricity production for strategic reasons. This was the right policy. They have only just woken up to the that wind turbi...
by penguina
August 20th, 2008, 1:07 pm
Forum: General Forum
Topic: A large bank is about to go bust...we're not going to tell you which one
Replies: 86
Views: 63359

A large bank is about to go bust...we're not going to tell you which one

<t>re: Bear Stearns. My understanding was that this was only done because the Fed (possibly illegally) guaranteed $30bn of Bear's "assets." Therefore the Fed took on a large amount of the risk.The SWFs have already lost money hand over fist recapitalising the banks. Maybe China wants the Ponzi schem...
by penguina
August 20th, 2008, 7:16 am
Forum: Careers Forum
Topic: Salaries in Academia
Replies: 23
Views: 53404

Salaries in Academia

That seems a lot lower than academic salaries in the UK.
by penguina
August 19th, 2008, 3:26 pm
Forum: General Forum
Topic: A large bank is about to go bust...we're not going to tell you which one
Replies: 86
Views: 63359

A large bank is about to go bust...we're not going to tell you which one

<t>it is just being realistic. The supply of naive bagholders (i.e. SWFs) is running out but the banks still need to raise large amounts of money, huge amounts of debt and fictional profits still has to be written off, and the recession in the real economy is only just starting. my prediction is tha...
by penguina
August 19th, 2008, 9:10 am
Forum: General Forum
Topic: Irrational Exuberance
Replies: 6
Views: 50388

Irrational Exuberance

<t>I think Albert Edwards of Societe Generale has it right in this analysis:linkyQuoteCalling for the structural underperformance of global equities just over a decade ago was not popular. I’ve given the best years of my life to a deeply unpopular cause! Not only did equity managers, unsurprisingly,...
by penguina
August 18th, 2008, 10:09 pm
Forum: General Forum
Topic: Irrational Exuberance
Replies: 6
Views: 50388

Irrational Exuberance

<r>The financial services sector is supposed to create wealth by the efficient allocation of capital. What I find curious is that as the financial services sector has grown enormously as a proportion of GDP over the past few decades (particularly in the US and UK) and as more and more of the best gr...
by penguina
August 18th, 2008, 9:36 am
Forum: Careers Forum
Topic: Career dilemma - which way next?
Replies: 7
Views: 51354

Career dilemma - which way next?

<t>It is very difficult for people who haven't done PhDs to understand how tough and soul destroying it can be mentally, especially at the latter stages when writing your thesis.PhDs in the UK don't involve much in the way of lectures or exams but do require a lot of self motivation. Being a good st...
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