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  1. India's forex reserves rise by $1.38 billion

    by , 06-30-2014 at 09:41 AM
    India's forex reserves rise by $1.38 billion

    India's foreign exchange (forex) reserves rose by $1.38 billion to $314.92 billion for the week ended June 20, led by a sharp jump in overseas currency assets, the Reserve Bank of India (RBI) data showed.

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    The reserves had increased by $950.9 million to $313.53 billion for the week ended June 13.

    According to the RBI's weekly statistical supplement, foreign currency ...
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  2. “Grand Theft Auto V” Is Now A First Person Shooter*

    by , 06-29-2014 at 01:07 PM
    *With the right mods.

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    Last year’s mega-blockbuster Grand Theft Auto V, recently announced for PC and the new consoles, has been given a fresh perspective, courtesy of the modder XBLToothPik: a first-person script.

    While you’ll need the Xbox360 version of GTA V and significant technical expertise to pull this one off, it’s a great preview for what will likely be far more accessible such mods on the PC version ...
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  3. Weekend Ideas - Brett Steenbarger, Author of The Psychology of Trading

    by , 06-29-2014 at 11:22 AM
    Here are a few interesting ideas gathered this weekend:

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    * Here's a post that caught my eye on the Dunning-Kruger effect--a cognitive bias in which people who don't know tend to also not know that they don't know. This excellent article puts the DK effect into context and makes the observation that experts are more likely to accurately assess their level of knowledge and success--and even modestly understate their gifts--relative to those ...
  4. Deja Vu In The European Bond Market

    by , 06-28-2014 at 05:06 AM
    Deja Vu In The European Bond Market

    Judging by the renewed optimism in the European sovereign debt market, one could be forgiven for thinking that the worst of the European economic crisis was behind us. After all, European sovereign bond yields have now declined toward levels last seen immediately before the onset of the European sovereign crisis some five years ago. However, it would be a grave mistake for European policymakers to allow currently buoyant market sentiment to ...
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  5. The Signal And The Noise

    by , 06-27-2014 at 04:56 AM
    The Signal And The Noise

    • Fed, investors have become complacent about inflation.
    • Technical and cyclical forces are pushing consumer prices higher.
    • Late in this bull market, Fed must beware of making a mistake.

    U.S. Federal Reserve Chairwoman Janet Yellen's press conference last week came just hours after Consumer Price Index data revealed inflation of 2.1 percent year over year. Nevertheless, she was exceptionally dovish and sanguine on inflation. Yellen contended ...
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