Ever heard about Arthur Anderson Accounting? The story of Arthur Anderson is quite ironic, as the founder was a believer in high ethical standards. He, however, passed away in 1947. After auditing Enron, Arthur Anderson collapsed as a company in 2002. The company had 85000 employees worldwide. The big question is, are the Enron and… Continue reading »
Maphacker (noun) – A player who uses a hack to see the entire gaming field, giving him an unfair advantage. The word maphacker is so catchy, though, that I would like to apply it in a much broader sense. I will try to start a trend, and have maphacker become part of our common vocabulary. Also, I will list… Continue reading »
Maybe the weak US dollar can explain the recent increase in the price of oil? If this is the case, then the price of oil measured in a stronger currency, such as for instance the euro, should remain roughly the same. Let’s have a look at it: From January 1, 2007 to May 1, 2008, the… Continue reading »
I have to admit it: I’m a speculator. I own shares in the United States Oil Fund (USO). I even own call options on USO. Needless to say, I have made a nice return so far. You have probably heard that speculators are driving the price of oil up. It’s all over the news. The recent run-ups have nothing to… Continue reading »