“How Complex Systems Fail”
Complex systems are prone to catastrophic failure. Have we come to embrace policies and values that increase the odds of failure?
Read more...Complex systems are prone to catastrophic failure. Have we come to embrace policies and values that increase the odds of failure?
Read more...Why selling magic sparkle ponies, in the form of presenting a conversion to the drachma as easy when it isn’t, makes for bad IT and even worse policy prescriptions.
Read more...How the US has developed military muscle at the expense of brainpower.
Read more...Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud.
Read more...While it’s gratifying to see former UBS trader Tom Hayes go to jail for large-scale Libor bid rigging, his bosses had to have known what he was up to. So when will we see their indictments?
Read more...Why financial firm IT is a bigger and more imminent source of systemic risk than you might think.
Read more...Why bank IT is more of a mess than you possibly imagined, and why that matters.
Read more...The official report on the October 15, 2014 “Flash Crash” raises some questions which unfortunately it does not answer.
Read more...Elite decision-making before “the Guns of August,” with suggestive parallels to decision-making in the Greek Debt Crisis.
Read more...Why is it Groundhog Day? Back in 2011, I wrote a seriously messy blog post about dodgy New Zealand FSPs (Financial Services Providers), their dodgy web sites and people and addresses, and the evidently nonexistent oversight of all of this by the NZ Ministry of Economic Development and the NZ Companies Office. To my surprise, […]
Read more...Pam Martens and Russ Martens published a mind-boggling expose yesterday on how the SEC is refusing to stop an abuse by major banks that increases systemic risk.
Read more...Bill Black flags a new stunning bit of bank propaganda, that risk is an unavoidable natural condition that is futile for regulators to control.
Read more...Why both Keynes and Minsky regarded low interest rates as poor policy.
Read more...A report by the Volcker Alliance on financial reform is readable and meaty, and curiously dropped from media sight.
Read more...Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
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