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He just gave onshore investors one trillion reasons to sell stocks and buy treasuries. He will also put off offshore investors by exchange rate volatility and will want to avoid dollar denominated assets. Every investor is p*ssed the rules have been changed for the n-th time, even if they...

Exactly, in the banks no one cares if a model is good or not, as long as it generates sales, and everyone collects his bonuses all is good.

LOL exactly. Maybe the quants/modellers only fault is deceitful (or ignorant) marketing?? Leading to users' over-confidence in the models?

I thought she helped pump the credit model bubble through articles, books, teaching, media appearances, etc. I don't ever remember her criticizing the banking industry or fixed income hedge funds, she is an ex-banker herself so whatever the banks did she did it too. But then again it's been...

But still, it's not Mr Li's theory or product. It's just a function in closed form inserted within a formula which was invented by other people. That's what I'm saying, if the formula was the problem as the article says, why not naming all the authors??? Suppose that I use a new stochastic...

No, whatever model they used to price and sell the credit derivatives, the real problem was that too many mortgages were written at too low an interest rate to the wrong individuals. Derivatives only compounded the problem by making mortgages even cheaper and more readily available. This...

This is stupid. Why blame or scapegoating a single individual for the Credit Model Boom and Bust? So many people helped create the Credit Model bubble, beginning with Robert Merton (the Merton model), Darrell Duffie, Janet Tavakoli, and so on and on and on. Not to mention the legions of...

This is stupid. Why blame or scapegoating a single individual for the Credit Model Boom and Bust? So many people helped create the Credit Model bubble, beginning with Robert Merton (the Merton model), Darrell Duffie, Janet Tavakoli, and so on and on and on. Not to mention the legions of...

Government intervention is what caused the current crisis. How? a. The Fed's monetary central planning, distorted interest rates and caused real estate bubbles, commodities bubbles etc. b. GSE's Fannie Mae Freddie Mac. c. The above plus the federal agencies chronism (SEC CFTC) caused...

So you think Pelosi is not crooked? Letting her get away with it is not crooked? Are you saying that if something is "legal" is not crooked? Right. Like the bank bailout, the TARPS, the stimulus bills....

The US wouldnt need to raise so much taxes if it wasnt for so many wasteful wars, bank bailouts, pork spending and so on.

Asian markets going up like crazy. Up 2.5% in 1/2 an hour.

Roubini is starting to sound like a fortune teller.

PANAMA has no central bank and therefore no money printing. Its currency is the dollar, and the country must get its reserves through exports. Nevertheless, this country has had its share of irresponsible governments, but their deficits have been financed through debt -bonds- and/or taxation...

Bunch of BS ers, they are just looking for a job and/or publicity. They say Geithner's fix is wrong but they don't say how it should be done, because they have no idea either.

Nope Last Trading Day: Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the...

Says who.... still trading as of right now CL H9 last price 34.55 20:18 EST. NYMEX termination schedule http://www.nymex.com/CL_term.aspx

I would buy the front month because it's more volatile than april, more points up and down. The divergence at the close, march not april making new lows, could have several explanations...

CL last trade date 2/20. QM last trade date 2/19.

Hey scriabino, Why don't you go to Iceland and ask people what do they think of banks and fractional reserve banking? As of 2007 they were one of the richest countries in the world, now they are back to an african standard of living. A free banking system like the one proposed by austrian...