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Oh oh, Euro-arbitrage
Unintended consequences: a) On Tuesday, Ireland, concerned about a run on its banks, guaranteed all their deposits b) The next day, the Irish banks start calling UK bank customers and suggest they...
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What does an API do?
Background The area where non-developers become most confused when I describe our software initiatives is when I explain that we have built some of our software, like our video publishing platform,...
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What does an API do?
Background The area where non-developers become most confused when I describe our software initiatives is when I explain that we have built some of our software, like our video publishing platform,...
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Dubai 2009
In a further sign that the property bubble in Dubai has popped, Nakheel, the state-controlled developer, said it was halting work on a skyscraper that would have stood one kilometer tall, or roughly...
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Four NY Taxi Ads
For the last year NY taxis have been showing ads on small TV screens. Unfortunately the ads haven’t changed in months, so taking a taxi is an exercise in absolute ad bombardment. Did Taxi TV guarantee...
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Why Greenspan’s Defense is Wrong
Greenspan launched another defense of himself in the WSJ today. The meat of his argument is below and here is the full article. The second, and far more credible, explanation agrees that it was indeed...
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Football, Greece & the Euro
So two big items this weekend: The Greek match against Russia where Russia was heavily favored to wipe them out of the Euro 2012 and the now, infamous Greek elections – v2. Greece somehow channeled...
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I’m back
After 2.5 years gone from this blog. I appear to be back. As some of you know, for 18 months of that time, I was buried in the most complex transaction of my life in Cyprus and somehow, after a break...
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The Euro – The Impossible & The Improbable
How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth? - Sherlock Holmes Things that are impossible: Greece can...
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Krugman’s Arithmetic on Cyprus is a bit FUBAR
I generally love Krugman, but his math this morning on Cyprus is not correct. Note: I am not in the habit of correcting the arithmetic of Nobel prize winning economists — I think he is just working...
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