Comments on: a northern rock and a hard place http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/?utm_source=rss&utm_medium=rss&utm_campaign=a-northern-rock-and-a-hard-place the curious study of broken things Wed, 08 Feb 2012 11:37:57 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: black monday, black swans, dow jones and the credit crunch » knackeredhack http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-4362 black monday, black swans, dow jones and the credit crunch » knackeredhack Fri, 19 Oct 2007 15:38:07 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-4362 [...] a northern rock and a hard place [...] [...] a northern rock and a hard place [...]

]]> By: Selling Northern Rock : Interactive Investor Blog http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-2930 Selling Northern Rock : Interactive Investor Blog Mon, 17 Sep 2007 11:30:25 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-2930 [...] to foresee they might happen though, is hardly a defense because unlikely events are, in fact much more common than we think. Everybody in finance, he says, should expect the [...] [...] to foresee they might happen though, is hardly a defense because unlikely events are, in fact much more common than we think. Everybody in finance, he says, should expect the [...]

]]> By: knackeredhack http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-2929 knackeredhack Mon, 17 Sep 2007 10:43:20 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-2929 He did not specify, but I assume he took that day because it was the moment the ECB chose to intervene in size. He did not specify, but I assume he took that day because it was the moment the ECB chose to intervene in size.

]]> By: Richard http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-2927 Richard Mon, 17 Sep 2007 09:42:03 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-2927 Hi KH, sadly I didn't hear the broadcast. What specific event were they referring to on 9 August? Hi KH, sadly I didn’t hear the broadcast. What specific event were they referring to on 9 August?

]]> By: knackeredhack http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-2910 knackeredhack Sun, 16 Sep 2007 14:13:35 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-2910 Simon, I think few people actually understand how unconstrained financial markets really are. But the CEO and board of a major financial institution cannot be excused for not understanding the riskiness of their strategy in light of the mainstream literature that has come out on rare events since 1998, say. Aug 9 should not have been the starting point for a moderation in risk taking. The fog started to descend on these markets some time ago. But as we know, people continue to drive fast to other people's tail lights. Trouble is, it is not just themselves they put at risk. I speak as someone who's had to help clear up such a mess. Simon, I think few people actually understand how unconstrained financial markets really are. But the CEO and board of a major financial institution cannot be excused for not understanding the riskiness of their strategy in light of the mainstream literature that has come out on rare events since 1998, say. Aug 9 should not have been the starting point for a moderation in risk taking.

The fog started to descend on these markets some time ago. But as we know, people continue to drive fast to other people’s tail lights. Trouble is, it is not just themselves they put at risk. I speak as someone who’s had to help clear up such a mess.

]]> By: Simon Fellows http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/comment-page-1/#comment-2892 Simon Fellows Sat, 15 Sep 2007 17:21:22 +0000 http://knackeredhack.com/2007/09/14/a-northern-rock-and-a-hard-place/#comment-2892 Sir..am sorry if this is a tadge brusque. One doesnee need to shell out and read Bernie M or NNT to know that unexpected things do happen. Despite the fact that we know this, unexpected things do happen, absolutely from experience we seem to simply forget it on a day to day basis. All good things to you and yours. Sinc. Simon Fellows Sir..am sorry if this is a tadge brusque.

One doesnee need to shell out and read Bernie M or NNT to know that unexpected things do happen.
Despite the fact that we know this, unexpected things do happen, absolutely from experience we seem to simply forget it on a day to day basis.

All good things to you and yours.

Sinc.

Simon Fellows

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