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In "Fads & Fallacies in the Name of Science", Martin Gardner made a pretty good check list for the signs of being a crank. We can apply this test to an ET poster as a quick check of his crankiness. We can start off by considering if Jack Hershey fits any of these tests... what do you say...

He's a reader of "alternative" media and a believer of perpetual motion machines.

For what it's worth - I'm not calling you a crank - you haven't shown anything in any detail to be crank worthy. My point is that making up terms where perfectly good terms already exist is crank-like behavior. In anycase, mean in statistics isn't always the arithmetic average. It could also...

Because "store of value" is only one of the many things that makes money, money. Acceptance is another.

I think people don't take this seriously because you are using the silly word "meme". The conventional and widely accepted term in statistics is "regression to the mean" (or, in the sense you are using, more like mean reversion). There's little reason for you to call it meme rather than mean...

Just go do it already. Why are you bothering wasting time?? There's billions to be made. Now you are just lazy in addition to being mental.

Huh? I'm talking about Jpm's index history data for their emerging market Cdx. As in, data only they have because its their index...what does this have to do with 'know what a CDS is'??

If we go by Reinhart and Rogoff's analysis, then my analysis goes back to the beginning of western sovereign debt market? And currency debasing has a fairly long history in the east as well. There are only two (rather major) cost to debasing: (1) being invaded by an angry creditor country...

To be fair, this is a tried and true solution for sovereigns.

Wow! Look at that - two guys with fixed income experience telling you the same thing, and you are still "right"? Okay okay, I'll stop - I get the feeling what you want to hear isn't reality.

Oh I see, I'm talking to a crazy person. Carry on

lolcat is a meme. Is this like lolcat?

You are basing your view on your imagination. I'm basing on my view that I've traded corporate bonds and treasury bonds in real life (*). (*) just to be sure, I clearly didn't say ALL trades are done in voice. In fact, I pointed out that there are such things as electronic venues - except...

All those are decentralized market places (tradeweb is the request for quote electronic system I was talking about). 90% of volume in bond trades goes through voice, which aren't represented by that list. In any case, my point is that bond trading is fragmented; Doesn't your little...

Like I said before, there's no significant direct impact between Fed action and HFT in equity. You guys are the ones keep arguing the Fed has something to do with this. And in this thread, you are the one who wrote "Reason being that market capitalization is in trillions and most of it is...

And yet the bond market has no central market place.... trading takes place across dealers-customers, inter-dealer-brokers, request-for-quote electronics, some electronic order books, etc.... Oh wait, you are the guy who thinks CBs are behind HFT through some mysterious channel... got it.

No one owes you a living and no one will be sorry to see you go.

The original question was, "Event Horizon comes before Terminal Velocity. We are past the Event Horizon, but have not yet reached Terminal Velocity. Can we land with all hands? If not, who will be lost?" This is a mix of four metaphors... and entirely incoherent. Ah, got it. Carry on.

Mate, all macro economic theories are concerned with the relationship between fiscal policy, monetary policy, and macro economic stability. Every single school, including Hayek, including von Mises (though I hesitate to call it a school of thought). The difference is how they fit together...

Oh that sucks. When I was doing my phd, I tried to get JPM's EM CDX index data from them. Got a no-way, no-how. Later, when I was trading FI, all I had to do is to hint to my sales guy that I might want to look at it, and a hundred excel books land in my mailbox in a few minutes.... Your best...