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It's not about managing the risk. First and foremost, it's about making sure that you don't sell these options at stupidly low prices in the first place. There's no problem with this fund. They're perfectly upfront about the stuff they're doing and the return/drawdown profile they offer the...

Don't know about resources, but futures options aren't very liquid at all.

Fine, let's agree to disagree re the Fed, I have no problem with your view. The only thing I don't understand is the logic that allows you to applaud the ECB while lambasting the Fed. As far as I can see, that's just plain inconsistenst, since all the things that you consider evil about the...

Well, all sorts of things went on... It's rather complicated.

Yeah, but whose decision is it ultimately? Even now, if CPI is so horribly flawed, who can decide to abandon CPI in favor of another measure? It's not like the Fed can do this unilaterally, is it? Moreover, this does not address the issue of a lack of an official alternative. [B] Of...

I meant to say that if the above is true and in light of all your posts, what does that make you?

I never said whether or not I was OK with the Fed continuing to pump. I said that, if we use the logic that you apply when you praise the ECB, we must surely praise the Fed. [B] Why does it make little sense? Is the Fed responsible for calculating CPI? Does the US government produce any...

If this clip is anything to go by, the people of Florida did everyone a favor by voting Alan Grayson out of office. The guy's clearly an idiot who just doesn't get it. I admire Bernanke's restraint. I would have laughed in Congressman Grayson's face and told him to go read some basic...

And?

Sure, fine, we can all agree that nobody can predict the future. I don't see why this means that we should stop trying. As to the adaptive ability, isn't the Fed doing exactly the right thing, according to your definition? Official measures of inflation are low (if you don't like the...

Lehman didn't have the collateral...

Why does it matter?

First of all, I am sorry that my attitude isn't to your liking. I don't see anything wrong with it, so I'm afraid there's nothing I can do to help. Secondly, yes, of course it's all hindsight and of course I don't know. However, the past is the *only* empirical guide to the future we...

Well, your nana's (as well as yours and mine) standard of living has to decline, no matter how you slice it. We've been living the good life and it's time to pay for it. How that's gonna happen, whether through inflation, higher taxes, lower pension payours, reduced standards of healthcare or...

Huh? This makes no sense... I can state that the hike was a mistake, regardless of my position.

Indeed... What can possibly go wrong?

Try this: http://stats.oecd.org/Index.aspx

Sounds pretty good... Normally this is quite expensive to do. Not sure about the VIX.

This is the most incredible gem that you have produced so far... Seriously, do you come up with this sh1t all by yourself?

This has been discussed a lot... Here's a good summary: http://macro-man.blogspot.com/2011/03/euro-vinegarette.html