Financial Python

Studies in Finance and Python

Archive for May 2009

The Atlantic

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You know, I’ve never thought of The Atlantic as a business news outlet, but it seems to be churning out a lot of decent financial market material. Perhaps I’m just a philistine. I ran across a decent article on OTC derivatives that the layperson might find interesting regarding NPR’s take on Geithner’s recent OTC regulation proposal. I love NPR, but I guess one can’t always be right.

Written by DK

May 19, 2009 at 9:45 pm

Posted in Finance

Yet Another CDO Primer

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There are plenty of primers on the Interweb regarding the current financial crisis and structured products. Nevertheless, sometimes things just don’t hit you where you live, for whatever reason (maybe the primer had too many graphics, not enough graphics, not enough context, too much background, whatever). Here’s my attempt at “Yet Another CDO Primer” that, hopefully, even my mom will understand.

Written by DK

May 14, 2009 at 9:53 pm

Posted in Finance

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Fool's Gold by Gillian Tett

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The FT covered the credit derivative market a bit better than its competitors as the crisis unfolded. Gillian Tett recently spoke with Bloomberg news about her new book, Fool’s Gold. It recounts the beginnings of credit derivatives at JP Morgan and the subsequent proliferation of synthetics across Wall Street. If the quality of FT’s coverage is reflected in the book, I imagine it’s an informative read. 

The tell-all’s are coming hard and heavy, with Kate Kelly’s (of WSJ) Street Fighters: The Last 72 Hours of Bear Stearns also hitting the shelves. 

We’ve come a long way from Dow 36,000.

Written by DK

May 13, 2009 at 9:55 pm

Posted in Finance

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Economic Manhattan Project

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via the Enthought folks, I ran across videos of a recent economic/scientific shindig organized by the Perimeter Institute (sounds like a home for physics brainiacs!) in reaction to the financial crisis. Many recognizable names spoke there (e.g., Derman, Taleb, Roubini, Lo), as the scientific community attempts to get more involved with economic theory. I’m sure the economists are thrilled. Nevertheless, it’s fun too see people talking inter-disciplinary dialogue. I’m not holding my breath though…

Here’s the abstract of Eric Weinstein’s talk:

Abstract: An unexpected economic crisis provides an excellent opportunity to better understand the state of Economic theory as a science. While there appears to have been a broad systemic failure within the community of professional economists to predict the current collapse, it must be noted that there have been scattered successes which appear striking and demand our attention. The goal of this conference is to bring together economists, biologists, mathematicians, physicists, programmers, and financial professionals to explore the opportunities for bringing economic theory into closer contact with the more traditional sciences as the basis for ongoing work, partnership, and collaboration.

Written by DK

May 13, 2009 at 9:54 pm

Posted in Finance

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Update to Google Apps Script

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The Google guys finally updated the python client to reflect the addition of Groups to Google Apps. Groups allow admins to set permissions on distribution lists (for example, only list owners can send email to the list, etc.) Anyway, they basically added another “groups” service that allows the user to access Group objects. The group feed objects, however, are translated into regular python dictionaries for you and are not XML feeds. I’ve attached an updated python script (see this post for the original) that reflects the change.

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Written by DK

May 9, 2009 at 10:08 pm

Posted in Python

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