Tag Archives: Benoit Mandelbrot

Sorry, Central Banks: Risk and Volatility Cannot be Extinguished

The unspoken claim of central bank policy is that risk can be extinguished by intervention/manipulation: once the Fed has your back, i.e. is supporting the market, risk disappears, and the easy profits flow to those who buy the dips with … Continue reading

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Where Will Risk Erupt This Time?

So where has all the risk pooled up in the system? In foreign exchange (FX) markets, that’s where. One of the precepts of this blog is that risk cannot be disappeared, it can only be transferred or temporarily hidden from view. This … Continue reading

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