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Author Archives: Geoff O'Reilly
Time for a banker to go to gaol?
BNP Paribas, France’s biggest bank, is in trouble with the law in the US. It is apparently guilty of violating US financial sanctions against Iran and others. The US Department of Justice (DOJ) suggested the bank plead guilty and pay a $16 billion … Continue reading
Posted in financial markets, inequality
Tagged bank behaviour, investment banking, JP Morgan Chase, Wall Street
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Could this be the market’s trigger?
Stock markets around the world have been defying gravity for months and months now. Rising ever higher in the face of logic, real economic performance and common sense. It’s now a precarious gamble: hang on and hope that a greater … Continue reading
A humble power cord hits the tip?
Anyone who is regular follower will have noticed that I went quiet for a six or so weeks. Sorry about that … First it was a great holiday, then I have been head down in an urgent project to refresh most … Continue reading
Posted in technology, why do people do what they do
Tagged advances in technology, environment, jobs, priorities, waste
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Where’s Malcolm?
I share with probably a majority of voters the opinion that Malcolm Turnbull would do a better job of leading Australia than any other realistic candidate. I don’t agree with everything Malcolm says or does, but then who would? Right … Continue reading
Careful what you wish/vote for …
What did you think of the Federal Budget? It has certainly created more talk, and for a much longer time, than is usual. It has elicited some excellent commentary on the ABC website and in the Sydney Morning Herald from … Continue reading
Posted in inequality, politics and leadership
Tagged Australian economy, government, inequality, politics, priorities, Tony Abbott
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Co-incidence or consequence?
Michael Lewis seems to be getting more mentions than anyone in the financial press and blogs this week. He’s clearly hit a raw nerve with his new book “Flash Boys”. Here are just a few of the things that have happened … Continue reading
Posted in financial markets
Tagged bank behaviour, derivatives, Goldman Sachs, HFT, Wall Street
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Is the stock market rigged?
Michael Lewis thinks so. On 30th March he went on CBS’ 60 Minutes in the US to promote his latest book “Flash Boys” an expose of the the dark world of High Frequency Trading (HFT). There he asserted “the US … Continue reading
Posted in financial markets, risk
Tagged bank behaviour, derivatives, investment banking, technology, Wall Street
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Science is even more certain about climate change
A couple of weeks ago the IPCC released its fifth major report AR5. 32 volumes is a bit much to wade through for most, but the Summary for Policymakers is a very digestible 28 pages (pdf) expressed in such plain … Continue reading
Posted in climate change, politics and leadership, risk
Tagged climate change, IPCC, Tony Abbott
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China’s corporate delusion
In Hong Kong last week I picked up a copy of the Asian Wall Street Journal and came across a story of complete delusion in the State owned corporate sector. Apparently state owned Zoomlion makes construction equipment, half of it … Continue reading
House prices … Going up or down?
House prices remain very topical right around Australia. Here in my country town, extra activity is certainly generating greater stability in prices, and even in some sub-areas prices have risen just a bit. This is regional Australia. How different to the … Continue reading
something 2 ponder 