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Huh? I am referring to the American Civil War, 1861-1865. Moreover, I wasn't aware of interpreting anything, let alone history. Finally, I ain't part of any clique; I like to think for myself.

Yep, and a Civil War...

Thx, Kevin, that helps...

atticus, sorry, my rant was about ZH. That's who I called a media whore, not Santelli. As to Santelli, I don't have a view, as I said. I'm sure he did OK for himself when he was a broker and does OK for himself now. It's just funny that his current brash CNBC persona is very different from...

I went to a liberal arts school and did pure math. Generally, I don't see how you can generalize that all liberal arts schools produce only fluffy humanities graduates. Ultimately, the choice of specialty is a matter for the student, isn't it? And I do think a free mkt for talent is what...

I love how ZH neglects to mention that the drop in the participation rate occurred largely because of the "population control effect", which the BLS applies once a year to the household survey data. Strange omission for a blog that loves to point out such calculation issues when it suits the...

Well, it worked out for the US of A eventually, didn't it?

Maybe so... However, they are part of the EMU. Who knows, maybe what is undoubtedly a curse today can actually turn out to be a blessing a few years down the road.

As I said, maybe this way we can justify cheating back the people that cheated them, but that's not what happened. They reneged on their promises to the little guys. It's like a kid who gets beaten up by a bully and then goes and smacks a little girl around to make himself feel better...

Well, they should have never let the bubble happen in the first place. And, guess what, in hindsight maybe they should have never joined the EMU. However, these things happened and, because of this, the Irish had great times during the noughties and enjoyed all the fruits of explosive economic...

Well, as I mentioned previously, there are two main things that aren't simple. a) In the process of telling their creditors to f-off, the Icelandic government violated an EEA-wide retail depositor protection treaty that they voluntarily signed up for. That, to me, is cheating. Fine, if you...

I have not found any errors in the newer edition, but, then again, I haven't really looked at any of the more esoteric options. I think it's def a book worth owning. Not so much as a "read", but as really comprehensive reference material.

I don't wanna sound childish and say "No, it isn't", but it really isn't that simple.

Well, it's not quite that simple...

Duuuude, every single one of them is golden and will make you a bazillionaire instantly.

I hear ol' Bill Gross is pretty active...

Bullshit...

Why does the Fed need to unwind? What consequence might you be referring to? The only consequence of a bond disappearing is a large redemption payment (in this case the US Treasury pays the Fed).

Exercising suboptimally is rarely justified (hence the suboptimal bit). It's natural that you need to explicitly instruct your broker to exercise the way you want, if this way is "unusual".

This book has all the answers. http://www.amazon.com/Complete-Guide-Option-Pricing-Formulas/dp/0071389970/ref=sr_1_1?s=books&ie=UTF8&qid=1296690293&sr=1-1