Why is finance so complex? “Why are we so good at creating complexity in finance?” The answer that comes up with is the “Flynn Effect“, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get smart enough to make it so. That’s … More Why is Finance So Complex?

Nonfarms Payroll & Other FED Data The top chart shows non-farms plotted with the S&P 500. It is interesting to note that in the % change charts there is a crash in the market around mid 08 this is then followed by a crash in the non-farms numbers. Although not a very rigorous analysis it … More Nonfarms Payroll & Other FED Data for Quantitative Trading

European leaders need to take a more “realistic” outlook on Greece and yield ground on debt forgiveness, French economist Thomas Piketty said Tuesday. He contended that German Chancellor Angela Merkel has taken a hypocritical stance, as the German economy was given more flexibility with debt reductions after World War II. Without concessions that allow Athens … More Grexit would start ‘the end’ of the euro: Piketty

Investment Times Daily’s 6th Annual U.S. Investment Management Awards recognize U.S. institutional investors whose original strategies and market shrewdness resulted in exemplary returns in 2014, as well as U.S. money managers who stood out in the eyes of the investor community for their exceptional performance, risk management and service. This year’s winners will be awarded along with … More Investment Times Daily Announces Investment Management Awards