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Your people are full of it. I grew up in the Soviet Union and lived there until my late teens. Before the collapse of the Soviet infrastructure, provision of healthcare in the Soviet Union was adequate (although varied geographically). Moreover, if you look at what the Soviet authorities...

Indeed... We also had an absolutely gangbusters 10y TIPS auction.

This woman must be on crack. There's really no mechanism that can make higher bond yields positive for stocks.

Well, today's 10y TIPS auction was EXTREMELY strong, but I suspect that this isn't the sort of fun you were expecting...

Two errors, jw... 1) Gamma is not "change in delta with respect to time" 2) Strictly speaking, all investments that have unrealized future cashflows "make money when mkt is closed over the weekend".

I consider myself blessed that you're not a doctor. I also find it interesting, scary and enlightening that people on different sides of the healthcare issue in the US actually describe their political opponents as "enemies". Aid and tax dollars aside, do you think there's anything wrong...

I could be wrong, but this is the passage I am referring to (in the methodology document): "The resulting sample of payrolls currently is approximately 400,000, covering roughly 23 million employees in all major private industries and regions." I took it to mean that it's 400,000 individual...

Why don't you look at the patent document that was linked in one of the earlier posts? It contains a brief version of the explanation. I believe you can look in Hull for the full one.

Yes, if I remember correctly... My understanding is that it was a case of monumental hubris, where he simply refused to admit that his understanding of the situation was wrong. I guess he considered himself to be one of the Masters of the Universe and, thus, infallible.

If you mean Christian Siva-Jothy, I heard that he's a famous idiot, who fully deserved to blow up...

This comment tells me that you know absolutely nothing about the "Soviet Russia system".

You didn't read the description of the ADP methodology closely enough. ADP report is also based on a sample, rather than the totality of private payroll data. The sample is somewhat larger, to be fair (currently at arnd 400,000), but it's also a "statistical guess".

It's not illegal, but it's against the most fundamental ethical tenets of the medical profession. In fact, isn't this doctor acting in direct contravention to a solemn oath he swore as a qualified physician? It goes something like this, I think: "I will not permit considerations of...

Who told you that options have to be short-term and can only be used for speculative purposes? Options are just instruments, like futures, except with a few more moving parts. Thus there's no reason why options cannot be used to express your fundamental view, whatever it might be...

If we break through 4.10, we will be going through the ceiling in the spread between 10y and FF effective that has so far held for 60 years.

Indeed and that's perfectly fine...

Two problems: 1) Why do you think that the people at these banks and funds have not gone through exactly the same thought process as you have? I'd guess they probably arrived at the same conclusion... 2) The less liquid a security, the more bid/offer you're likely to pay. Therefore, on...

Hmmmm, that would be the most fundamental accounting methodology that was invented in the 13th century (in fact, probably before then) and is the basis for all contemporary accounting. Pretty much anything that has two sides to it, such as a balance sheet, is an example of double-entry bookkeeping.

And that's exactly why I consider ZH a waste of time and rarely bother to read anything of his... Why write a breathless article on what is obviously a silly error? Why waste your own and your readers' time over something totally worthless and inconsequential? If you really have to write...

Agreed, we don't have to argue about this, as it is, really, all subjective. Moreover, I assure you I don't need to look at references, such as journalists' articles, to understand exactly what sort of territory we're in. I stare at this sh1te every day. I just want to draw your attention...