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Anything is possible... However, it's difficult to imagine circumstances under which far VIX futures jump lots more than the fronts. Ergo, it's highly unlikely. Also, for the record, futures can't be European or American...

The yield curve inversion isn't a signal of anything, but then neither is a bull steepening... The whole idea of the curve being some sort of a significant indicator of anything is bollox.

Just out of curiosity... Say I am 80, have no income other than a modest pension and pay no tax, I wouldn't have the right to vote?

It's quite simple... Every day, at the close, you may have some USD exposure, which is the difference between the mark-to-market of your USD-denominated stock position and the USD cash balance. Your daily FX PNL in CZK will be equal to the daily move in the USDCZK exchange rate multiplied by...

It's a tuff one, for sure... As you said, lots of factors to consider and weigh.

I can’t possibly imagine wanting to own them, but I am often wrong... Does that answer your question?

I see my views on this as simple common sense. I have thought long and hard about the various angles. I just cannot see any good reason to leave my kids a bunch of money, especially given it’s reasonably clear that it can cause various unpleasant effects.

I happen to be in a position to answer this. I have also stated that much before in another thread. My kids are getting nothing, as I believe in a fair playing field for all the reasons mentioned by @Sig (in fact, the field isn’t particularly fair even then, as wealthy people can afford a...

Yes, there are options, of course... Both ZB and the ultra long bond have decent options liquidity. There are also options on the common ETFs.

By construction, to convert a nominal payout into a real payout, you need to do a "breakeven inflation" trade. Specifically, you need to buy a TIPS and sell a nominal treasury. The issue is, of course, that selling a bond is rather tricky in a non-institutional context. You could, I suppose...

I agree with this characterization... The Death of Ivan Ilyich is probably the best book about death ever written. It's rather depressing, but incredibly powerful.

That's certainly a possibility... Alternatively, it could be that accusing me of being dyslexic is an unfortunate device which you're attempting to use to extricate yourself from an argument in which your position is illogical, incoherent and, therefore, indefensible. Let the other readers...

Does that mean that, under certain circumstances, socialism actually works well?

I think meditation, once you get into it properly, is generally quite useful for regulating all sorts of stuff, including moods. If you’re into that sorta thing, you can do some more or less meditative/martial arts stuff, like tai chi or BJJ (Brazilian jiujitsu). My ex-boss, who is in his 50s...

Meditate + find an interesting job... That’s all there is to it.

I don’t think there’s a liquid ‘FTSE VIX’ mkt out there...

Ah, I should have known we’ll eventually get to that ole chestnut, the Fed...

But then you would have to post margin, which would mean you’re effectively lending at a significantly worse rate... Generally, the mkt doesn’t discount at LIBOR, so you’re unlikely to get it from doing boxes (and there’s still the margin issue). The traditional way is a prime money mkt fund...

To be sure, I am aware of all the Fed stuff... However, I still don't understand how any of it implies that Fed "owns" US GDP. For one, GDP is flow, whereas Fed holdings are stock, so we're not even talking about the same dimensionality. Do you think Singapore, with its economy characterized...

Yeah, so, as you said, you could try to get clever about it and try to come up with an offsetting position, which may, or may not, be a hedge, depending on whether the correlation you're expecting actually materializes. However, obviously, this, in itself, becomes a trade and carries risk...