Poetry in the Companies and Markets section…

The Financial Times always has at least two sections. Monday to Friday there’s the main section (world news, analysis, editorials/letters/op-eds, Lex Column, various columnists like Stefan Stern and Lucy Kellaway, both of whom are brilliant). The second section is the “Companies and Markets” section. (In the FT Weekend these two are combined, and there’s also Life and Arts (culture, both pop and high) Money, House and Garden, a colour mag and occasionally “How to Spend It” a big glossy commodity fetishism-fest.

The Companies and Markets section is always hard going, though often has some nuggets. At the back of today’s section there were two moments of poetry.

Stephen Dulake of JP Morgan writes “There is a growing fear that European credit could become a “zombie market” – where buyers and sellers of risk exist but a true clearing price cannot be established…”

Zombie markets. Bless ’em.

The other is “Tora planning pan-Asian ‘dark pool'”

I love the phrase ‘dark pools,’ they remind me of Doctor Who and the Planet of Evil (no, seriously) where the fourth Doctor (Tom Baker) overshoots London by several million light years and years when taking Sarah Jane home from Loch Ness (and the Terror of the Zygons). He lands on Zeta Minor, and there’s this creepy pool which is sort of like a portal into an anti-matter universe, and lots of scientists from the Morestran empire have gone missing. I think it must have been the second Doctor Who novel I ever read. I was about 8, possibly just turned 9. My standards were lower. (The saddest thing? I didn’t need to google/wiki any of what I’ve just written.)

I am digressing, ain’t I? “Dark pools, which allow investors to trade anonymously with prices revealed only after trades are completed, are starting to expand into Asia.”

And of dark pools and Dark Mountains; I took down a post on this site that included a quote of a facebook message between two people I don’t know personally. I wasn’t asked to do this by either person, and you *could* argue that anything posted on facebook is public domain. But a) I don’t want to slip as low as Mark Zuckerberg and b) I’ve said all that I can usefully say about Dark Mountain. Right now, there’s more heat than light being shed. If the organisers are permanently incapable of seeing what they’ve done, well, there’s no point me banging on about it. If their affliction is temporary, then it makes sense to cease and desist until such time as a rational discussion can be held. (Not that I expect any of the parties will be particularly interested in that).

About dwighttowers

Below the surface...
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