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subprime loans are non-recourse. Small business loans are often laden with personal guarantees. So a business failure doesn’t mean that a bank will lose out. If you take a 300k loan for your house, you just deliver them the keys and walk away if you can’t pay. If you take a 300k loan for...

The article clearly states (with data and statistics) that being born rich is better than being poor and smart in America. Or are you saying America is a dictatorship? It can’t be a communist country because there are rich people.

No. Subprime mortgages were given to people with no chance of paying them back or potential revenue to back the loan. Small business loans have are expected to allow for investment that will have a payback. Low interest reduces the burden on the borrower as it takes time for the intended...

? You are doing 100x the size selling options vs if you traded futures? That makes no sense

Why would you cap your upside when your core strategy is too look for the asset that’s going to run.

But the base doesn’t know that. His base sees their 401ks dropping and he’s looking for someone they can blame that is not him. If the market sells off further, it will be the Democrats and immigrants who will get the blame.

Sig is actually the most intelligent and intellectually honest person on this site. He has his opinions (which are generally based on facts) and is very open to other people’s ideas (provided they give sound reasoning). Talking with someone like that is uncomfortable because it forces you to...

Except he says he will do everything he hasn’t done in the past.... like a tele-evangelist.

I think it’s because they don’t want to admit the real reason they voted for trump. It’s in the definition of “America” and who constitutes an “American.”

Basically born with a solid gold toilet under his butt.

That happened to our house. It was struck by lightning and all the electronics fried. The cable and phone wiring was the culprit. That being said most surge protectors are worthless, for sensitive equipment you need to get a surge protector that can withstand something like 3000 joules and...

Whose forcing people to adopt certain purchasing habits just based on their wealth level?

But I have earned the right to spend my money the way I see fit. And what you consider agregious, I might not.

Actually it does. That’s the whole point of capitalism.

Hopefully he will keep the tax payer dollars going to the telecom co’s. They have a lot of expenses as they adjust to the abolishment of net neutrality.

Hopefully trump puts an end to that.

BVOL might be the same thing. For example, they can plot implied vs realized correlation. The numbers seemed low (.2 realized corr) but my mental calibration might be off.

Have you looked at the Bloomberg BVOL package? I was on help help yesterday and they showed me some nifty things.

You could have done it too. Did you?

In this industry the only alpha that actually matters is “personal alpha”