Above all, The Swapper is about learning and understanding the increasingly complex financial world.

But also about questioning the actions of market participants, governments and regulators as we explore new and almost unknown sides of our economic system – from dark pools to black boxes and black holes – and perhaps discover some answers to how we’ll best manage in the future.

Welcome to the future of finance!


I Salute You!


This blog is dedicated to new economic ideas and thoughts about how we can change the worlds financial system to the benefit of all countries in the world – rich and poor.

We need to make our economics work to preserve our ecosystem, rather than ruining it. and make it possible for underdeveloped countries to participate on equal terms in the global markets.

The worst crisis since The Great Depression is a three-part crisis:

Our monetary system is on the edge of breaking down,  the same goes for the way we manage our fundamental ecosystems,  in addition the  social(poverty) crisis is getting increasingly intense, causing riots and dangerous social unrest all around the globe.

These three factors interfere with each other, feed on each other, amplifies each other – it’s impossible to permanently solve one crisis without solving the  two others.

It will not be an easy task.

Some radical solutions are necessary; some old outdated theories has to be turned, twisted or rejected,  new ways of looking at the market must be explored and a new definition of progress must be invented.

Econotwist is the nickname of ************** who’s been a financial reporter since 1986. He’s now an independent writer, blogger, commentator and producer.

Mr.Haukenes is dedicated to explore the ways the financial markets, corporations, governments and regulators can contribute to make the ongoing historic economic event a successful turning-point in the history of mankind.




Espen Gaarder Haug

Trader, derivative expert, author.

Espen Gaarder Haug is a trained economist from the Norwegian School of Management, has a PhD from NTNU, and has worked 17 years as an active manager and researcher on Wall Street and in London at, among others,  JP Morgan Chase, Chase Manhattan Bank and DnB NOR.

He has also been active manager in the multi-billion funds Amaranth and Paloma.

Haug has written several books on derivatives and quantitative finance. Among others, The Complete Guide to Option Pricing Formula which many regards as the “Bible” of derivatives trading.

He is also the creator of the financial comic strip series The Collector who has achieved cult status in the financial communities on Wall Street and the City of London.

In 2004 Dr. Espen Haug achieve the Wilmott Awards for  Outstanding Contribution to Quantitative Finance (Implementation).

Latest Guest Posts:

Espen G. Haug: Algorithms Should Be Monitored On A Daily Basis

Espen Haug: “Strategic Reserves”

Question Of The Day: Why Are Quants Never On Strike?

Bail Out Pyramid?

When Will God Destroy Our Money?

The Banks Are Bursting


BLOG:The Collector’s Blog (at

Magne Lerø

Editor, author, commentator.

Magne Lerø is a leading experts on management and one of Norway‘s most popular political commentators.

Mr. Lerø (born 7 April 1954) was until recently CEO and Executive Editor of the media holding company Mentor Medier, and thereby editor-in-chief of several publications such as Økonomisk Rapport, Ny Tid, Le Monde diplomatique and Ukeavisen Ledelse.

He’s a cand.theol. by education, but also has a Master of Management degree from the The Norwegian School of Management.

Magne Lerø is former director of the publishing house Vårt Land, managing director at Lovisenberg Diakonale Sykehus and the Foundation Diakonissehuset Lovisenberg, publishing manager at Verbum and Genesis, and Chief Information Officer of the Norwegian YMCA-YWCA.

He has also been a board member of several businesses and organizations.

Magne Lerø has now joined the blogosphere with his site, and will contribute to the Econotwist’s Blog with his comments on political and corporate management.

Latest Guest Post:

Norway’s New Prime Minister?

Global Bonus Noise

BLOG: Dagens Ledelse

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Mr. Haukenes do not own any stocks or other financial instruments, and do not have any special interest in any part of the financial markets.

The content on this website is provided as general information and should not be taken as investment advice.

All content, including advertisements, shall not be perceived as a recommendation to buy or sell anything, including  securities, other financial instrument, or to participate in any particular trading or investment strategy.

Some content may include information that are speculative in nature.

Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility.

Please, consult your investment adviser before making any investment.


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