Hey guys,any recommendations for FX valuation/forecasting/analysis books? Looking for something like Chudry's Fixed Income Securities

<t>QuoteOriginally posted by: farmerQuoteOriginally posted by: halikAgain, is your argument that we should abandon unemployment assistance or what?To achieve the objectives you claim to want, you should privatize it. Being unemployed myself, I kinda like it the way it is. It gives me a warm feeling,...

<t>QuoteOriginally posted by: farmerQuoteOriginally posted by: halikIn all honestly, you've lost me with the above.That's because you are not too bright. I lost you at the word "savings."QuoteOriginally posted by: halikAndy Mellon had the same view on things in '29 and that led to some academically-...

<t>QuoteOriginally posted by: farmerQuoteOriginally posted by: halikThose lazy proletarians should've saved money for a macro event that blind-sighted the bulk of professional economists and money managers.Isn't savings so ridiculous? If somebody every found out a good reason for it, we should give ...

<r>QuoteOriginally posted by: farmerQuoteOriginally posted by: halikA bit shortsightedYes, if only we could find him another job where he was so productive he got laid off! That would be so much better than him finding something that is actually valuable to someone.In the meantime, I am waiting for ...

<t>A bit shortsighted, if anything you should be comparing the present values of the persons product/wage. There's a been a ton of academic research showing that lower paying jobs will set you back a long time and generally the present value of output of a person in a job that matches his/her skill ...

<t>Those two things don't make sense, if the issue is trading tighter than what the company has it on the balance sheet as (100 over), it obviously can find financing for under 100 over(and thus call the issue)Are you sure the difference isn't due to small $ balance, where the revolving costs are mo...

Just looking at wiki,wouldn't that be r * (a1)^(1/2)*b1 * (a2)^(1/2)*b2 ?

<t>Generally structured pricing works something like this:1) generate correlated default vectors for the underlying collateral 2) Run them through cashflow waterfall with some prepayment and loss severity/LGD assumptions where the attachment/detachment points dictate the losses for the individual tr...

<t>QuoteOriginally posted by: ehQuoteOriginally posted by: halikRisk neutral in finance generally means you're getting compensated for volatility so that you're indifferent between two assets with same expected pay off, but different payoff sigma^2. In economics, it means you don't have a preference...

<t>Risk neutral in finance generally means you're getting compensated for volatility so that you're indifferent between two assets with same expected pay off, but different payoff sigma^2. In economics, it means you don't have a preference between $2 and a $0 with 50% change and $4 with 50% chance. ...

bloomberg?

Under which scenarios did the prices not converge when the spread got over 1.5 st devs? If you come up with a way to forecast vol regime switch, pairs arb is probably the last application for that

<t>QuoteOriginally posted by: Gmike2000So now the numbers are out. What is the implication of this FED decision? They want to buy all those bonds by Q2 2011. How long are they going to hold them for? Wouldn't they need to sell them at some point to shrink their balance sheet? So, knowing there is go...

<t>QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: halikIf you go to a decent school, computational foundations are part of the curriculum. I've wasted at least 2 semesters of my life doing proofs on complexity classes and other such bullshit.It's too bad you feel that way because ...