What does the phrase "Rolling Down the Yield Curve" mean? Thanks.

Thanks Aaron. Interesting points. Furthermore, I should correct my previous post about "extrapolating" population statistics from a sequence of sample statistics. If one excluded extreme statistics, bootstrapping would be "one way" to build a sequence of sample statistics.

<t>I should be more precise. Here's the snippet from Greenspan's testimony before the US Congress (27 Feb 2002): <br/> <br/> "Both deregulation and innovation in the financial sector have been especially important in enhancing overall economic resilience. New financial products--including derivative...

<t>Recently, Greenspan testified that the economic downturn may have been muted due to the role of derivatives in the economy (well something to that effect). <br/> <br/> How about some comments on Nassim Taleb's comment, from his famous book, Dyn. Hedging, (Preface, pp V), quote:<br/> <br/> "I am c...

The more I think of it, the more I'm, indirectly, convinced that it may not be feasible. If such a scheme would be possible, then more fundamentally, one could probably extrapolate population statistics from a sequence of sample statistics. Well, thanks all.

<t>Thanks for your response. I suspected that it may make little sense....hence I started off by ...a naive question....I was plain curious as to why it wouldn't work.<br/> <br/> I haven't read about such possibilities, but then I haven't read any statements to the contrary either. Perhaps, its very...

<t>While we are on the subject of Basmati & Tofu, anyone recall the Economist article (early-mid 90's) about the fruit "Kiwi"? Apparently, it was coined by the marketing types to sell what originally was/is called "Chinese Gooseberry" (hope my memory serves me right). After the Californians (?) ...

<t>A naive question....<br/> For the standard Monte Carlo simulation, the standard deviation for the mean of the outcome is inversely proportional to the square-root of the number of simulation runs. The question I have is: Can extrapolation techniques be applied to a sequence of Monte Carlo runs ? ...