Recommended Readings

Here is a list of articles and books that we think make for some informative and interesting reading.

A Grand Unified Theory of Market Manipulation
Article by The Precision Report, August 2009

An excellent analysis of intra-day trading in the Emini S&P 500 futures to evidence equity market manipulation on NY Fed's POMO days. These days are highly correlated with strong paint-the-tape closes, with the theory being that the large institutions that receive the capital injections are able to leverage this money by 100 to 500 times in the futures markets and then use it to ramp equities.

Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

Book by Bill Fleckenstein

A must read book for anyone wanting to understand the critical role that the Federal Reserve played in blowing the recent equity and real estate bubbles. A damning examination of Greenspan's reign as Fed Chairman.

Bad Money
Book by Kevin Phillips

A great book to understand the excessive public and private debt policies "bad money" that have caused the current economic crisis. The book lays out a convincing argument of why the U.S. is on the path to join its imperial predecessors - Rome, Spain, the Netherlands, and Britain in hitting a brick wall.

The Trillion Dollar Meltdown
Book by Charles Morris

Well-written book, explaining the arcane financial instruments, policy misjudgments, dogmas and delusions that created the greatest credit bubble in world history. The book is helpful in understanding how the world economy has been brought to the brink and the radically reshaped political and economic landscape that will define the post-crash era. 

Fooled By Randomness
Book by Nassim Nicholas Taleb

Fun to read book detailing the short-comings of modern day quantitative finance and how mathematical models which can never fully capture the human psychology are relied upon as absolute truths.

Stock Market Wizards
Book by Jack Schwager

A must read for any aspiring trader or investor. The author interviews several legendary traders to bring out valuable lessons the reader can learn from their trading strategies.