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Very well, if you say so... No, shirley, you must be joking? Bush, not in the White House? I had no idea... And no, I didn't say that Bernanke is a puppet on a string dangled by Bush.

Huh? What losses? This is very disappointing, Maverick... It's, quite obviously, impossible for the Fed to actually lose money, unless they specifically decide to do so. Even then, such losses would be irrelevant.

Bernanke is an Obama Pawn? How do you figure that? He was nominated by George W Bush and Obama "fired" him this year... Surely, he's much more of a Bush Pawn, if anything.

+1, they're not necessarily the same thing. However, for discrete intervals which aren't too long (1 year, say) I don't think the difference between the two methods will be large (obv, also depends on other factors). I don't, however, understand why it's IRR "from inception", rather than for...

This is the most recent and exhaustive study on the subject: http://jpeds.com/webfiles/images/journals/ympd/JPEDSDeStefano.pdf

Nah, it was Uncle Joe, actually... Initially, homosexuality was decriminalised when the Bolsheviks came to power in 1917. But in 1933, after Stalin consolidated his hold on power, he went after the sexual minorities with great vigor. It's not entirely clear what the reasons were (probably a...

You're confounding a great many things here. Yes, real rates have been negative for a while, as the first link mentions. On the other hand, nominal short rate (FedFunds target), which the second link talks about, is not negative and isn't going to go negative.

peil, just out of curiosity, do you have any idea where the origins of Russia's attitude to sexual minorities lie?

Yes, I know real rates are negative and you don't need inflation of 6% for that. There was no mention of anything "real" in either the post or the link.

Not exactly, because your sure capital gains on redemption have to be discounted. Moreover, a TIPS doesn't really "revalue itself". It just pays you a coupon calculated using a notional that is multiplied by a measure of how much inflation has been accrued (index ratio). The point is that a...

OKI, no problem, if you guts say so... I don't live in the US, so I don't have any direct ongoing experience. All I have are the impressions I get when I visit periodically.

Well, this isn't P&R and the subject is vaguely trading related...

+1

Trading global macro with an account that can't handle o/n swings in stuff like oil is doomed to fail, options or no options. Global macro requires deep pockets (relative to size of risk).

Huh? Rates already negative? Which rates?

On the subject of Snickers, I have seen this, which is saying that the regular bar will be "downsized" for the first time at the end of this year: http://www.esquire.com/blogs/food-for-men/snickers-smaller-6655856 The other version has been replaced with the 2 pack of smaller bars and this...

He can also rub two ice cubes together to light a fire... No, wait, that's Chuck Norris.

Is that actually true? Is there any evidence for this? Personally, I think he's 100% crank, but I am willing to concede I am wrong, if there's sufficient proof.

Yep, it's a unique feature of American politics. And yes, I think the media are definitely in on it in a big way, but, to paraphrase, people get the media they deserve.

I see... And, obviously, I am the one being wrong and ignorant here, because ... it's just so obvious? And no, my argument is not weaker, as I am not the one making a categorical statement. It's just simple logic, although I guess when one is just "wrong", like me, logic isn't really relevant.