Breakingviews

Fed, WikiLeaks data underline market inefficiency

December 2, 2010

One lesson from recent fat data dumps relates to fat tails. Both the Federal Reserve's publication of data on its emergency credit facilities and the WikiLeaks releases of State Department messages could have caused market turmoil if they had been made public in real time.

Global risk of U.S. impotence at heart of WikiLeak

November 29, 2010

The real story revealed by the WikiLeaks cables is the decline of the United States' hegemonic power.