“According to standard, Gaussian statistics, the universe is nowhere near old enough to make a one-day event of greater than 20 standard deviations likely, yet one occurred on October 19, 1987. Was it just phenomenally bad luck that several trillion more years had not passed before the Crash occurred?”
“I love deadlines, I love the whooshing noise they make as they go by” – Douglas Adams
When on 15 September 2008 the news broke that Lehman Brothers had filed for the largest Chapter 11 bankruptcy in US history I knew that financial war had been declared. Although I had no idea what the full consequences might be I had a greedy need to learn and a gut feel that only by recording the most salient events to come would this need be assuaged.
For a full year from October 2008, I assiduously logged events until QE, T1 ratio, monetary and fiscal stimulus and those funny packaged debts mingled with the cornflakes for breakfast. Quantitative Wheezing tells the story of how this crisis year unfolded. It objectively and in plain English shows how we were all taken for a ride by a load of greedy people whose legacy to our grandchildren will be no less destructive than the events of 1939 and the years that followed.
There’s more to this website though, and as you explore the various sections I’m confident you’ll find plenty to keep you informed and sometimes amused.
How to start writing your book.. First steps for budding authors
“First catch your hare” was how Mrs Beeton famously started her recipe for jugged hare. Quite! If you have ever seen a hare prick up its long sensitive ears to detect your presence some 100 yards or so distant, then run like the wind to the nearest hedge before tracking up the far side of that hedge and then doubling back to race again over the field from whence it came, you might start to appreciate that it has not just one but a number of weapons of delusion in its armoury.
The hare is famous for its speed but did you know that it is incredibly aware of sound and movement too? Did you know that by doubling back the way it came it has natural guile enough to throw any dog off its scent? It has these things and more. In fact, you could say that catching your hare was the really hard part. It is the thing that most of us could never hope to achieve. Jugging the beast is almost incidental