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The Big Short: Inside the Doomsday Machine

WW Norton posted a photo:

The Big Short: Inside the Doomsday Machine

A brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff.

Truth really is stranger than fiction. Who better than the author of the signature bestseller Liar’s Poker to explain how the event we were told was impossible—the free fall of the American economy—finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives.

Michael Lewis’s splendid cast of characters includes villains, a few heroes, and a lot of people who look very, very foolish: high government officials, including the watchdogs; heads of major investment banks (some overlap here with previous category); perhaps even the face in your mirror. In this trenchant, raucous, irresistible narrative, Lewis writes of the goats and of the few who saw what the emperor was wearing, and gives them, most memorably, what they deserve. He proves yet again that he is the finest and funniest chronicler of our times. More…

Read an excerpt in Vanity Fair

264 pages, Hardcover
ISBN: 978-0-393-07223-5
March 2010
Jacket design: Darren Haggar

www.wwnorton.com

Financial Times

martinhanna posted a photo:

Financial Times

Canary Wharf

bad bad bank

daitoZen posted a photo:

bad bad bank

What?!? Microsoft's stock price dropped $10? Is Windows 7 *that* bad?

Ed Yourdon posted a photo:

What?!? Microsoft's stock price dropped $10? Is Windows 7 *that* bad?

Note: moments after this photo was uploaded to Flickr, it was published as an illustration in an undated (Mar 2010) Squidoo blog titled "The Most Random Lens Alive." It was also published as an illustration in an undated (Mar 2010) EveryBlock NYC blog, titled "zipcode: 10025, as well as a related EveryBlock NYC blog page titled neighborhoods: upper west side."

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This is the continuation of a photo-project that I began in the summer of 2008 (which you can see in this Flickr set), and continued throughout 2009 (as shown in this Flickr set): a random collection of "interesting" people in a broad stretch of the Upper West Side of Manhattan -- between 72nd Street and 104th Street, especially along Broadway and Amsterdam Avenue. These are the people in my neighborhood, aka "peeps in the 'hood."

As I indicated when I first started this project, I don't like to intrude on people's privacy, so I normally use a zoom telephoto lens in order to photograph them while they're still 50-100 feet away from me; but that means I have to continue focusing my attention on the people and activities half a block away, rather than on what's right in front of me. Sometimes I find an empty bench on a busy street corner, and just sit quietly for an hour, watching people hustling past on the other side of the street; they're almost always so busy listening to their iPod, or talking on their cellphone, or daydreaming about something, that they never look up and see me aiming my camera in their direction.

I've also learned that, in many cases, the opportunities for an interesting picture are very fleeting -- literally a matter of a couple of seconds, before the person(s) in question move on, turn away, or stop doing whatever was interesting. So I've learned to keep the camera switched on, and not worry so much about zooming in for a perfectly-framed picture ... after all, once the digital image is uploaded to my computer, it's pretty trivial to crop out the parts unrelated to the main subject. Indeed, some of my most interesting photos have been so-called "hip shots," where I don't even bother to raise the camera up to my eye; I just keep the zoom lens set to the maximum wide-angle aperture, point in the general direction of the subject, and take several shots. As long as I can keep the shutter speed fairly high (which sometimes requires a fairly high ISO setting), I can usually get some fairly crisp shots -- even if the subject is walking in one direction, and I'm walking in the other direction, while I'm snapping the photos.

With only a few exceptions, I've generally avoided photographing bums, drunks, crazies, and homeless people. There are a few of them around, and they would certainly create some dramatic pictures; but they generally don't want to be photographed, and I don't want to feel like I'm taking advantage of them. There have been a few opportunities to take some "sympathetic" pictures of such people, which might inspire others to reach out and help them. This is one example, and here is another example.

The other thing I've noticed, while carrying on this project for the past three years, is that while there are lots of interesting people to photograph, there are far, far, far more people who are not so interesting. They're probably fine people, and they might even be more interesting than the ones I've photographed ... but there was just nothing memorable about them. They're all part of this big, crowded city; but for better or worse, there are an awful lot that you won't see in these Flickr sets of mine...

stockmarket

*liis* posted a photo:

stockmarket

stockmarket close

*liis* posted a photo:

stockmarket close

SORTIR - Tour de la Bourse

JFrosty posted a photo:

SORTIR - Tour de la Bourse

CHILLIN

LawOfAttraction4U posted a photo:

CHILLIN

Corporations Whizz On By...

Joe CWS posted a photo:

Corporations Whizz On By...

And they are all lit up in orange at Canary Wharf (added note)

2010-02-22-TOS_ESmissed

SS Trader posted a photo:

2010-02-22-TOS_ESmissed

missed a decent trade at the end of the day cuz i had to go do stuff. decent little move on 5m chart.

2010-02-22-TOS_DX

SS Trader posted a photo:

2010-02-22-TOS_DX

liquidity is questionable on a 1m us dolllar futures chart.

Deutsche Bank, Frankfurt, Germany

peesen posted a photo:

Deutsche Bank, Frankfurt, Germany

Frankfurt's shiny twin towers, home to the "Deutsche Bank".

2010-02-21-TOS_ESmissed2

SS Trader posted a photo:

2010-02-21-TOS_ESmissed2

a 15m tower bottom trade that i just missed friday afternooon, it carried through sunday night.

wall street

nicplastic posted a photo:

wall street

2010-02-21-TOS_ESmissed

SS Trader posted a photo:

2010-02-21-TOS_ESmissed

turned out to be a great trade, almost 2hrs long. a winner, $370 profit.....if i was able to trade it.

2010-02-20-TOS_QMmissed

SS Trader posted a photo:

2010-02-20-TOS_QMmissed

example of a nice trade that i found while researching. futures like these have so much leverage it makes it more possible to trade really small time frames and still make good money. this would have made over $200 in about 32 minutes. normally i would zoom in more to time my entry in a STF but i was trading on a 1 min chart already i guess i dont have that luxury.

A 1 COIN

LawOfAttraction4U posted a photo:

A 1 COIN

Billion dollar gold coin

2010-02-17-TOS_ESmissed

SS Trader posted a photo:

2010-02-17-TOS_ESmissed

did not get in but i found this pre-market small/quick move. would have been 2.5 pts in ES, about $140 profit after commisions.

2010-02-12-TOS_ESmissed

SS Trader posted a photo:

2010-02-12-TOS_ESmissed

this happened while i was sleeping in. when i look back i make sure i am not "just picking the best trades". this is another trade that met all my requirements, kept looking good as i zoomed in.

sfsamperi.blogspot.com

2010-02-11-TOS_UPS

SS Trader posted a photo:

2010-02-11-TOS_UPS

example of one where i would have exited right before the close.

sfsamperi.blogspot.com