The Justinian

I’ve made mention of the fierce NY-London financial rivalry in a previous post. For the uninitiated, the basic argument is that restrictive laws and policies (like Sarbanes-Oxley) have caused New York to lose its edge in financial markets. Large companies looking to go public have instead turned to London and in many cases […]

Remember all that talk not too long ago about the United States inverted yield curve? We don’t hear it a lot anymore as the NASDAQ hits a six year high today. You also probably didn’t hear much about this, the yield curve is the Eurozone is now inverted. As stated in the Financial Times:
Analysts say […]

Read any semi-sophisticated financial mag or publication and you’ll see the same terms used over and over. The same five to ten catch phrases are used daily to explain a wide variety of market movements. The classics? “Reserve diversification” explains the forex market’s gyrations, “inflation fears” are to blame for falls in stocks and rises […]

Credit card companies, banks, loan sharks, online stock trading sites (make all their money in margin interest), and mortgage companies make a lot of money in the huge business of lending. On a retail level however, lending people money generally isn’t a profitable or painless way of investing. This is changing. “Social lending” is catching […]