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  1. M

    Out of the money vega question

    I dunno if there is really anything too creative that you can do. If your position is too large in some particular aspect, the best thing to do is to reduce it, rather than attempting some clever offsets, IMHO. This is especially true if you’re constrained in terms of the amount of...
  2. M

    Out of the money vega question

    To be sure, these are short-dated puts, right?
  3. M

    socialism in America.

    Right, so I guess what you're saying here is that sometimes, for some reason, collective ownership and management of the economy actually does work, right? As to the strange Fed comment, I don't really know what you could possibly mean by that. How can the Fed "own" a share of US GDP?
  4. M

    socialism in America.

    The irony is simply too strong with this one...
  5. M

    socialism in America.

    Again, unless you specifically define the term "socialism", I couldn't possibly attempt to answer the question. China is a country where, according to recent estimates, 96% of economic output is generated by various state-owned entities. Is it such an abject failure? In Norway, the SOE share...
  6. M

    socialism in America.

    Your logic is non-existent, I regret to inform you. Indeed, why not adopt the system used in India during the "classical period"? According to your logic, a strict caste system and slavery would be even better than capitalism.
  7. M

    socialism in America.

    Then you have to provide a precise definition of capitalism and socialism. Otherwise, a discussion is not feasible.
  8. M

    socialism in America.

    How can such a statement could ever be considered factual? In fact, it's pure opinion, which makes your entire argument rather misguided. Moreover, it's also a gross oversimplification to reduce economic growth to a single dimension. I recall having a discussion similar to the one in this...
  9. M

    Facebook's data being used for targeted advertising - what's the big deal?

    Isn't there a saying? Something along the lines of "if you are using a product for free, it's likely that you, the user, are actually the product".
  10. M

    LIBOR-OIS & DXY

    Nah, this dynamic is more complicated than the chart would suggest...
  11. M

    If VIX is a measure of implied volatility in S&P options...

    Yes, I am aware of the differences between European and American options... These differences, as suggested by a few others, would arise in some particular circumstances, which are mostly esoteric and boring to discuss. Furthermore, yes, bid/ask can play into this. However, in an overwhelming...
  12. M

    If VIX is a measure of implied volatility in S&P options...

    Erm, no... This just ain't right, man.
  13. M

    If VIX is a measure of implied volatility in S&P options...

    Erm, yes, this is a variant of that wonderful foolproof strategy known as "buy low, sell high". We would all love to always buy low and sell high (well, I sure would). However, there's lots of devils in the details, especially with options, which makes this easier said than done.
  14. M

    If VIX is a measure of implied volatility in S&P options...

    Indeed... That whole post was a bit bizarre, in fact.
  15. M

    Billy Graham

    I think the key point here is that there is probably nothing much wrong with the idea of faith. It's a profoundly personal choice and nobody could possibly deny anyone the right to believe. The issue I've always had is the leap that one must take to get from faith, which is inherently...
  16. M

    Stephen Hawking is dead ...

    And another compliment! Why, thank you, kind sir...
  17. M

    Stephen Hawking is dead ...

    If you actually bothered to think about this comment of yours, you would appreciate just how silly it is. At any rate, that's quite enough fun for me in this here thread.
  18. M

    Stephen Hawking is dead ...

    I inferred your gender from your "body of work" on this site. I didn't assume it. At any rate, "liberal twat" is a new one for me. I think I'll take it as a compliment, seeing as it comes from someone like you. You have my thanks.
  19. M

    Stephen Hawking is dead ...

    Whatever, man...
  20. M

    "Where Will It Stop?": Libor Spread Blows Out Beyond Eurocrisis Highs,...

    It’s not all that dramatic, really, but when has this ever stopped ZH...
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