Even after the subprime mortgage financial melt down is eventually controlled there is a possible black swan derivative market event on the horizon that would dwarf the subprime mortgage fiasco, as bad as the subprime mortgage disaster may seem at this time.
The developer of the black swan concept is super ...
Archive for January, 2008
Written by admin on January 30th, 2008
Written by admin on January 28th, 2008
Brazil is expected to become a major oil producer whose production will become increasingly important to the United States over the next decade.
Petrobras, Brazil's top oil exploration and oil and gas production company, announced in November, 2007 that it had made a major discovery some 300Km off the Brazilian coast ...
Written by admin on January 28th, 2008
Petrobras rose from the 11th to the sixth place in PFC Energy 50’s ranking, which lists the world’s biggest oil companies based on their market values at the end of 2007. The survey was published this Wednesday (01/23/08) by the Financial Times. The journal highlighted Petrobras and Petrochina, which surged ...
Written by admin on January 27th, 2008
Petrobras makes major oil and gas field discovery that increases Brazil's oil reserves by an estimated 50%. The newly discovered Tupi field is one of the largest discoveries of the past decade. Petrobras is developing quite the reputation for its deep water drilling technologies.
Petrobras, with its international recognition and proprietary ...
Written by admin on January 27th, 2008
CGX Energy, Inc. (CGXEF) has become widely known, at least on the Internet, as the "Gunboat Basin" stock due to a series of cleverly written and compelling teaser ads distributed by I believe Christian DeHaemer of the Crisis Investment newsletter. Due to the success of the teaser ad in drawing ...
Written by admin on January 26th, 2008
If SocGen lost seven billion dollars through the efforts of a misguided rouge trader or otherwise it means that other investment banks and trading operations trading "plain vanilla" equity derivatives contracts had a nice seven billion dollar profit.
I expect that in attempting to get a complete story about what happened ...
Written by admin on January 26th, 2008
The French police quiz trader Jerome Kerviel in SocGen Losses.
While somewhat off topic for the Taipan Investor I find this story fascinating as I served for a number of years as the chief trader for a forex trading operation. Even 15 years ago standard internal control procedures were advanced enough ...
Written by admin on January 24th, 2008
The French bank Societe Generale has reported more than $7 billion in trading losses that it claims were amassed by a "rouge trader". While this is something I would normally blog about at Stock Trading Pro the massive amount of the losses make this story of general interest to those ...
Written by admin on January 23rd, 2008
The bear market says "so what" to the aggressive 75 basis point interest rate cuts announced as a surprise move by the US Federal Reserve on Tuesday.
Oh sure, the US stock market came back from a disastrous over 400 point decline right after the opening to finish "only" 128 DJIA ...
