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Seriously, can all you idiots who don't have any idea how economics and finance actually works leave your bullshit in the other thread? There's nothing in that video (or the other thread) that can't be fully explained by a first year macroeconomic textbook.

No. Not at all. What you need is $500,000 worth of economic growth. GDP shouldn't be flat - it should grow over time. That growth is not intrinsic to the money supply. It's real income. That real income is what pays the debt (which, you should not forget, is asset on someone's book). If...

I woudn't. The coursework doesn't look terribly relevant to quant finance. It's missing several pretty key courses; it looks more like a supply/chain/opim/etc type of major. Just stick with the finance major and develop some decent economic intuitions. Take some math/stats courses...

Maybe I'm getting old (I don't think I've been out of school this long...) - but is Investment now a viable major? It seems a bit... flimsy... a little too "art history", so to speak. It's certainly not a traditional econ/finance/accounting/math/compsci/etc... discipline. People might...

This is sort of hard to complete agree or disagree with. There are certainly senior risk manager jobs on the sell side and senior quant/pm/etc on the buy side who'll earn that towards to matured phase of their careers. hedge fund fund of funds are also consumers of quants with portfolio...

Hull is pretty much undergrad/mba level. I think we are talking about actual quant as a degree and career here. Algebra test? Are you serious?

think there are two points here: (1) gre math is rubbish. (2) masters level fin math isn't advanced. I think we all agree on (1). Two, I'd say depend on the program. UF's masters in fin program, for example, is complete crap when it comes to financial math. on the other hand, an on-the-way...

What in the world are you talking about... I don't think anywhere here is claiming that gre 800 math is sufficient. 780+ is, however, necessary. quant math is quite difficult.... lots of real analysis, optimization, pde, stochastic calc, etc... in some cases it's pretty specialized (fixed...

Tell that to the desk quants who are took home $1MM this march, or the otc dealers who brought home $20MM last year. This retail bravado is just silly. Transfer to rutgers? As much as I think Baruch is a shit school (nothing personal - I do know people who went there; and there is one guy I...

I don't think you mean parabolic. I think you mean exponential. But fine - I get what you mean. I don't think it'll be a disaster. Consumer debt is not concentrated on the lending side. They are securitized. A few hedge funds might blow up, but so be it.

You do know this isn't "your" theory, right? It's pretty asine to just look at the stock price without normalizing it by something - say, earnings for example. Price/Earning (look: PE Ratio!) is the market's belief of the discounted future earnings of the firm. In the scheme of things, I...

.... um... to service the debt we don't require positive savings, just positive income growth.

You are assuming (rightly or wrongly) that consumer wealth can't grow. Consider the extreme case in which consumer wealth doubles every year. In that case, the debt is easily serviced.

Bullshit. (1) SPLUS is nice but it's not exactly industry standard; every shop has its own preferred software; (2) knowing an econometric package without understanding the econometrics is worse than not knowing the package at all;

GRE math score at top programs are in the 780+ range (no one really cares about the verbal). But you wont' get in on the strength of GRE scores - everyone will have them. You get in based on your undergrad coursework (lots of math? lots of compsci?) and research (did you work with a prof on a...

Just so that you know - the vast majorities of quants get stuck in back/middle office risk and portfolio construction. These jobs pay very very well, but they don't lead to trading or portfolio management. But most quants are perfect happy in those roles. The quant world, oweing to its closed...

Just a note: you should probably consider looking spread over swap rather than T. in that case, HY went from about 260bps to about 325bps or so in the last two weeks.

This doesn't even make any sense. Do you know how cdos work?

This got me thinking: MBS never went retail; interest rate swaps never went retail; perhaps things like cds and synthetic tranches will never go retail either. There's fat to trim on the dealer side, but perhaps not as much. Standardized indices are now often 500M+ on each side with 1/4 bps...

... there is a part of me who really wants to see retail people trying to trade credit derivatives.... it's got to be hilarious to watch discussions on what's the best moving average to use or how it bounces on certain resistance levels (I don't mean to be smug - but credit spreads are...