Michael Giberson “I think there are a significant amount of people who call themselves hedge-fund managers who have been very lucky because they were able to ride the market wave.” — Daniel A. Strachman, author of The Fundamentals of Hedge Fund Management In mid-2006, that lucky group included a number of employees of Amaranth Advisors …
Michael Giberson The Washington Post has a confused-but-useful article on hedge funds on this morning’s front page. From the second paragraph: Hedge funds hold unparalleled sway over the financial markets, as confirmed by the recent unraveling of $20 billion in Bear Stearns funds. Portrayed as the new masters of the universe by author Tom Wolfe, …
Another Confused-But-Useful Newspaper Story on Hedge Funds Read More »
Michael Giberson A number of prominent European energy economists, analysts and policy makers (and a couple of outsiders) are blogging at the “EU Energy Policy Blog.” Among the Europeans are Andris Piebalgs, Richard Green and Yves Smeers; two American contributers are Paul Joskow and Steven Stoft. On July 1, William Nuttall posted “Why is Nuclear …
Michael Giberson Financial Time‘s columnist Tim Harford discusses allegations that there are efforts to manipulate prices of Hillary Clinton-related shares on prediction markets. Hartford writes: Justin Wolfers and Eric Zitzewitz have pointed out that Hillary Clinton’s chances of becoming president, as predicted by one betting market, InTrade, started to climb dramatically mid-May, topping 40 per …
Tim Harford on Manipulation of Prediction Markets Read More »
Michael Giberson Re: “The Electric Power Retail Access Hard Core” Last week I quoted from an EnergyBiz Insider column, “Perfecting Retail Markets.” Today, EnergyBiz Insider printed a letter-to-the-editor in response from Tom Casten, Chair of Recycled Energy Development LLC, a cogeneration outfit. Casten leads off with an important question: How do entrepreneurs and markets work …
Following Up: Perfecting Retail Markets, Pjm, Iceland Read More »
Michael Giberson If my post of last week didn’t sate your interest in economic commentary on secondary ticket markets, here is a much longer piece put out by the Arizona State University business school: “Scalping goes upscale: The secondary ticket market’s online revolution.” A sample: Software upgrades have taken much of the back-alley risk out …
Still More on Secondary Ticket Markets: “Scalping Goes Upscale” Read More »
Michael Giberson The secondary market for tickets to sports events is hot. Once upon a time the market was a bunch of guys standing curbside waving tickets in the air. Or, depending on local antiscalping laws, making furtive eye contact and calling in a low voices. There were brokers, too, for the more upscale crowd. …
Online Secondary Ticket Markets Can Be Good for Teams and Fans Read More »
Michael Giberson One difference between regulated and unregulated utility companies is, apparently, that unregulated power suppliers use more sophisticated fuel purchasing strategies than their regulated counterparts. At least that is the message I get from this Platt’s Coal Trader article, “Deregulated utilities may use stocks as bargaining chips“, reporting on a statement made by Arch …
One Difference Between Regulated and Unregulated Utility Companies Read More »
Michael Giberson “Losers and Winners” captures a telling moment in the world economy. Just a small part of a big story – just one telling moment among millions. But somehow, without ever straying too far from the grounds of the German factory being disassembled, the film provides a picture of globalization. The story, according to …
“Losers and Winners”: The Gale of Creative Destruction, Captured on Film Read More »
Michael Giberson The New York Times, “Congress Turns to Energy, and Lobbyists Arrive“: With gasoline prices hovering near all-time highs, the Senate on Monday began debating a sprawling energy bill that has already kicked off an epic lobbying war by huge industries, some of them in conflict with one another: car companies, oil companies, electric …
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