Loan Growth at Public Expense; Jack Sustman on the Vortex as Market Descriptor
When somethings broke, I wanna put a bit of fixin on it
When somethings bored, I wanna put a little exciting on it
If somethings low, I wanna put a little high on it
When somethings lost, I wanna fight to get it back again
"The Fixer"
Pearl Jam
This is what you see all over the world. The rules are not for
the elite. The elite are always living above the law.
Eva Joly
Financial Times
11/13/09
This week in The Institutional Risk
Analyst we feature an essay by Jack Sustman, Managing Director of the Institute for Enterprise Finance, on why the vortex is a better model for market crises than bubbles. We've always favored entropy over bubble-talk as a conceptual framework for describing market behavior, so we found Jack's discussion of the vortex as a metaphor for risk events compelling.
BTW, this Wednesday, November 18th, IRA co-founder
Chris Whalen is the featured speaker in a webinar hosted by Professional Ris
(see the FULL story)