Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
December 27, 2014
The Neoeconomic Perils of Pauline
As a train wreck waiting to happen, nothing beats the European Union for sheer cliffhanging drama. Will this be the fatal event that pundits have been expecting? Has the end finally come? Maybe, maybe not. Or can another melodramatic rabbit get pulled out of somebody's financial hat, once again saving the day. Who knows? As the latest episode unfolds, the global investment community watches with baited breath. Here's a pretty good snapshot of where this week's installment is headed at the moment:
http://seekingalpha.com/article/2781455-greece-bond-market-inversion-has-started?ifp=0