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Wikinvesting since
May 2008
wikinvest Sr. Associate
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| earned | |
| Sr. Associate | rating |
| making 20 | edits |
| to 11 | articles |
| last edit 546 | days ago |
Japan pioneered technology - be it cars, music or televisions and earned heavy royalty through exports. Also a strong tariff policy protected home market from imports which pumped up the yen and led to a massive buildup of new found wealth among consumers & government. Liquidity was high, which spawned an era of easy money, and that fueled a frenzy of... read more
Oil is a difficult commodity. The position that oil commands, no other commodity can ever have.
The dual status of oil as an important commodity and proxy for global macroeconomic risk dates back to 1973-74 oil crisis, when OPEC waged an economic war against the West with crude as its weapon in support of the Arab attack on Israel. This elevated the commodity's profile to... read more
Everyone remembers the high profile blowup of LTCM 10 years ago, but nobody learnt the lesson. The basic reasons of LTCM blowup was:
1. Very high levels of leveraged used to generate huge profits from minuscule arbitrage opportunities,
2. Expectation that liquidity will always remain high in the markets,
3. Financial models are the pennecia of all risk management... read more
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