Tag Archives: forward price

Beauty and the Eye of the Beholder

Gaming in Progress For big bankers, armed with an Objectivist philosophy to narrate a limited liability, beauty is a game that swipes value on demand and swaps it in the futures. Despite there being not enough inflation to warrant raising … Continue reading

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A Bad Connection

Hang up and dial again? Five years after averting a complete financial collapse of capitalism, pop media’s assessment is to describe a disconnect between Wall Street and “the real economy.” Alluding to what is “real” is the Objectivism that dominates … Continue reading

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Adding Insult to Injury

When people lost their homes to the Great Recession (when the gods were angry with us because we did not properly attribute the value), confiscation of property was not enough. Insult was added to injury when we bailed out bankers … Continue reading

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Capitalizing the Inefficiency

Is the vigorish (the riskless profit) predicted or pre-dictated (ontology or deontology)? What is the comparative liability? (Keep in mind that the liability IS the comparative advantage. When using the scientific method, for example, the scientist is fully liable, subject … Continue reading

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Convexity Complexity (Going with the Flow)

The “Convexity Correction” Pricing the future is a function of “risk flows” (convexity). Risk is based on expectation of future value. So, when interest rates (the rents) rise, for example, the price of a bond falls covariantly. When the futures … Continue reading

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