Browsing all 4 posts in Economics.

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Quants: The Alchemists of Wall Street

Economics | 30 Dec, 2011 | No Comments | 47 mins

Quants are said to be mathematical wizards or computer programming experts behind crashin Wall Street with their financial products. We very well know that how our global finanacial system is totally depended on mathematical models, and even here Quants are the one’s who with another technological revolution in finance are trading at the speed of[...]

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The Secret History of the Global Financial Collapse

Economics | 29 Dec, 2011 | No Comments | 180 mins

Meltdown: The Secret History of the Global Financial Collapse narrates the story of the bankers who crashed the global economy, the leaders who did not manage to save it and the ordinary families who were badly impacted by it all. Doc Zone travelled from Wall Street to Dubai to China to investigate the story. Sep 2008[...]

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The Midas Formula: Trillion Dollar Bet

Economics | 29 Dec, 2011 | No Comments | 48 mins

The account behind maybe the best recipe ever created in finance: the Black-Scholes-Merton alternatives pricing model. Two of its creators were granted the Nobel Prize in Economic science in 1997. A yr. later their hedge fund Long Term capital Management (LTCM) had fallen in with stupefying losses of $ $ 100 billion dollars a result[...]

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Quants: The Alchemists of Wall Street

Economics, Newly Added | 19 Dec, 2011 | No Comments | 48 mins

This story is about greed, fear and randomness from the insides of Wall Street, a story about Quants. Quants are computer programmers and the math wizards in the engine room of our global financial system who have made the financial products that almost crashed Wall st. Global financial system has become increasingly dependent on mathematical models trying[...]

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