Daily Reading on the Financial Markets: 6/25/12
From Testosterone Pit, Wolf Richter on the temptation for systemic data manipulation in China, and problems it virtually assures will arise.
Zero Hedge quote Bill Buckler of The Privateer comparing modern Central Bankers to the generals in World War I, who continued using the same failed approaches hoping greater and greater scale would solve the problems.
James Altucher explores the failures that arise from multi-tasking and gives us very good reason to quit it.
Zero Hedge looks at the Q1 alterations in JPM’s VaR (Value at Risk), and notes that Morgan Stanley may be next in line for an unpleasant big “reveal.”
David Malone on Jesse’s American Cafe opines on the effect of chaos theory/mathematics on our worldview. He recently produced “High Anxiety: The Mathematics of Chaos.” It’s a fascinated film if you have the time (below is just the very beginning… the rest is also available on YouTube):