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Sure, that may very well be... However, like I said, this is a case that was brought originally during the Clinton admin. The federal judge who ruled on it is a Reagan appointee.

The original case was originally brought during the 90s (Clinton administration). The point of the case was a simple property rights dispute (federal govt said that the rancher should pay for grazing cows on federal land, while the rancher said he could do what he wanted with this land). My...

Correct me if I'm wrong, but there is a federal court ruling that the rancher is violating. Moreover, the court specifically gave the rancher 45 days to comply or face the forcible removal of his cows from federal land. In fact, it appears that it's the courts which specifically instructed the...

This sounds quite low, given he allegedly made $2bn... If $119 bucks is all he got, that's like a 6% cut. Also, it was all stock, which is weird. I imagine he really got paid quite a bit more and the $119 is just the publicly disclosed portion.

+1

As far as these options are concerned, the rule is that, in the overwhelming majority of cases, if you pay peanuts, you get monkeys.

Yes, I know what you asked for... If you look at the link I mentioned, you would have seen that it's a discussion of the various different measures of volatility. Specifically, you might wanna look at the Parkinson estimator.

http://www.ivolatility.com/help/2.html

Yeah, there's a lot of stories: http://www.powerball.com/powerball/pb_stories.asp

It is rather amazing, especially in light of the fact that the sniper is a 20yr old. BTW, the "Second to None" Lilywhites (that's what this regiment's called) are potentially going to be disbanded as part of the UK defence budget cuts.

Yeah, I agree, they appear to be reasonably smart and, more importantly, straightforward... I don't imagine, though, that there's some sort of super special secret sauce that they offer that a clever long-only shop couldn't reproduce, if they wanted to. The other question, of course, is the...

We should ask sle for a confirmation of your estimate... Personally, my guide has always been LJM. If you look at the history of their returns (http://www.ljmpartners.com/performance-history), it's pretty useful. Specifically, if we use the constraint that you have specified, it rules out...

Yeah, it's tricky to perform these comparisons, for sure... There's all sorts of devils in the details. Yeah, although there are key differences. Japan was, and is, a proper basket case of many things going wrong. At the same time, Japanese society was so cohesive and well-organised and the...

Some, like Italy and France, have a lot of external debt, indeed... For the Eurozone as a whole, the number seems to be arnd 45% (although, again, it depends on whether you use the gross or net measures).

My call is that Europe is, in fact, going into deflation... Or call it Japanification, if you like.

Using the IMF figures, Eurozone is arnd 96%, US arnd 106% (gross, rather than net).

That's a silly article. EU unemployment didn't increase modestly, it increased massively (nearly 2x). Welfare payments to individuals in the Eurozone didn't increase. European stimulus didn't expand govt ministries. In fact, govt spending in the Eurozone has been going down since the crisis...

Larger, institutional type traders realize that the process of entering and exiting trades incurs a large cost (not only bid/ask, but also labor and time). Furthermore, these costs don't scale linearly with size. Therefore, it's often not economic to do higher frequency trades. That said...

Here we stand, indeed... Are you saying Russia is a threat to the US? If so, I am very curious how exactly is it threatening.

As far as I can tell, a trade like this is equivalent to BRK borrowing $5bn unsecured at 20y OIS rate (actually, this isn't entirely clear; could be they discounted the premia at the BRK's risky rate, although this isn't what the Lehman doc that people in FT talked about suggests). I don't see...