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There is Ron Paul to run against. A man far more pro peace than Obama, who, unlike Obama, will not allow the TSA to continue to grope your grandparents, and who will insist upon cutting spending enough to get the deficit under control. I concede that there is only a tiny chance that the...

I guess you're not a thinking man. You just said that thinking people "never use NEVER", which means you just did use the word "never". I would be a much richer man if I could find a trading rule as reliable as, "A black Democrat will get a bigger share of the black vote than a black...

Well duh. Blacks will choose a black Democrat over a black Republican any day of the week. The Democrats are the party of hand outs and racial set asides.

We <i>are</i> a single party state. The Republicrats. What we need are more parties that can get on the ballots and win.

Correct. People who want to insist that derivatives will kill us always quote the notional amounts. For swaps the notional amount is a purely fictitious balance upon which the real interests payment are made. The actual risk is the discounted value of the maximum difference between the fixed...

Good for you. You voted for the only honest man in the federal government.

And all this time I thought Goldman Sachs was taking the other side of my trades.

If you want to fight a war with Iran join the IDF.

The only way you will see real cuts in military spending is if you vote for the one presidential candidate who will actually insist that it be cut -- Ron Paul. A Republican.

This case will give the Southern Poverty Law Center orgasms. Mark Potok, call your doctor. That erection you're having is going to last more than four hours. (Yes, I happily took this line from The Daily Show.)

The big guys set up all sorts of overseas shell companies to keep their taxes at or near zero. The little guys have to handle a corporate tax like any other kind of expense -- they must cover it through a combination of raising their prices and paying their employees less. Ultimately all...

I find it interesting that options are covered but futures are not. So if I buy a single stock future it isn't covered, but if i create a synthetic future with a long call and a short put at the same strike that position is covered under their insurance. So there's a case for preferring a...

I agree. The powers that be want somebody they can control. The video of a politician in bed with a boy won't surface so long as he does what he's told.

Taxpayers pay for it many times over. Cost of junket to lobbyist: $4000 Amount of taxpayer's money sent to lobbyist's cause: $8,000,000. Return on investment: 200,000%

We keep importing poverty, so no wonder we keep getting more of it. I couldn't help but notice that the country highest on the "social justice" scale, Iceland, has the least diversity. Frankly, given the absolute importance of diversity to a successful society (all the professors and media...

Pelosi is the epitome of everything that it wrong about the Democratic Party. Back when George W. Bush was president I did not want him and Cheney impeached even though they deserved it a dozen times over. Why? Because under the rules of the Constitution the speaker of the house is next in...

The only congressman I know who's never been on a junket is Ron Paul. The guy is so honest he just embarrasses all the other politicians. No wonder they hate him.

Nobody is assuming that anything is deterministic. Where did I ever say that? I did say that after the fact, at option expiration, every option of the same maturity but at different strikes saw the same realized volatility. That is true by definition. So before the fact we can imagine a...

Sure, the price level affects the volatility. With stocks and stock indices it is well known that realized volatility typically increases when stocks drop. But is that really a reason to price options at different strikes with different volatilities? Right now SPX ATM 1265 Dec puts have an IV...

If you want more money going to Israel write them a check. I don't want one dime of my tax money going to Israel. Stealing land from Palestinians was never on my "to do" list.