BP Reviews Forex Desk In Light Of Regulatory Probe

(Reuters) – BP reviewed the activities of its in-house foreign exchange traders, the British oil and gas group said on Tuesday, after the Financial Times reported that BP was investigating whether its traders were involved in rigging the currency market. The newspaper’s report cited a person familiar with the matter as saying BP’s internal review of…

George Soros And The Human Uncertainty Principle

The division between academic economics and the way traders look at the market is deep. The efficient market hypothesis assumes that markets and valuations are always pushing towards an equilibrium, and evidence to the contrary gets pushed aside as fluctuations or statistical deviations. But the dot com bubble, the