SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by penguina
January 19th, 2009, 9:09 pm
Forum: General Forum
Topic: Why should anyone be afraid of deflation?
Replies: 36
Views: 47519

Why should anyone be afraid of deflation?

<t>This crisis is the result of too many people promising too much of their future income to service debt. This is what causes all financial crises. That means lots of people are holding assets that are not worth what they thought they were were worth.Once you understand that you can see there is ma...
by penguina
January 19th, 2009, 8:57 pm
Forum: General Forum
Topic: Where to imply the odds of a country leaving a currency union?
Replies: 38
Views: 47830

Where to imply the odds of a country leaving a currency union?

<r><URL url="http://krugman.blogs.nytimes.com/2009/01/19/the-pain-in-spain/Anyone"><LINK_TEXT text="http://krugman.blogs.nytimes.com/2009/0 ... ain/Anyone">http://krugman.blogs.nytimes.com/2009/01/19/the-pain-in-spain/Anyone</LINK_TEXT></URL> still not get it yet?If even Krugman can understand it wh...
by penguina
January 15th, 2009, 9:27 pm
Forum: General Forum
Topic: Where to imply the odds of a country leaving a currency union?
Replies: 38
Views: 47830

Where to imply the odds of a country leaving a currency union?

<t>QuoteOriginally posted by: CuchulainnQuoteBe aware that we are heading into extremely volatile times. With extreme economic volatility comes political extremism.All bets are off. Anything is possible now. yawnperhaps you'll like these jokes:what's the difference between Iceland and Ireland?One le...
by penguina
January 15th, 2009, 5:29 pm
Forum: General Forum
Topic: Where to imply the odds of a country leaving a currency union?
Replies: 38
Views: 47830

Where to imply the odds of a country leaving a currency union?

<t>QuoteOriginally posted by: MartinghoulQuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: AnthisT4A: Good rationale but I guess there is an issue if a country voluntarily leaves or is ostracized by other members. Another issues is the set exchange rate for the new(or old) currency a...
by penguina
January 15th, 2009, 10:26 am
Forum: General Forum
Topic: Where to imply the odds of a country leaving a currency union?
Replies: 38
Views: 47830

Where to imply the odds of a country leaving a currency union?

<t>QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: penguinaQuoteOriginally posted by: AnthisQuoteOriginally posted by: daveangel although Euro rates are low the currency has been to strong and this has and continues to place severe constraints on exporters - historically Italy has re...
by penguina
January 14th, 2009, 8:44 pm
Forum: General Forum
Topic: Where to imply the odds of a country leaving a currency union?
Replies: 38
Views: 47830

Where to imply the odds of a country leaving a currency union?

<t>QuoteOriginally posted by: AnthisQuoteOriginally posted by: daveangel although Euro rates are low the currency has been to strong and this has and continues to place severe constraints on exporters - historically Italy has relied on continued devaluations to stay competitive. although it is hard ...
by penguina
January 14th, 2009, 12:54 am
Forum: General Forum
Topic: What can you do after listening to R. Feynman?
Replies: 14
Views: 45992

What can you do after listening to R. Feynman?

<t>QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: twAll this debate about the weakness of models in quantitative finance because they are not based on hard scientific laws seems to miss then point.If you reject them as outright science and merely classify them as tools to help mak...
by penguina
January 12th, 2009, 10:33 am
Forum: General Forum
Topic: Do you think this works
Replies: 5
Views: 44009

Do you think this works

No it would not work. It is just an attempt to perpetuate a Ponzi scheme that has to eventually collapse. The longer you delay the collapse the worse it will be.
by penguina
January 9th, 2009, 12:40 pm
Forum: General Forum
Topic: What can you do after listening to R. Feynman?
Replies: 14
Views: 45992

What can you do after listening to R. Feynman?

<r><URL url="http://ftalphaville.ft.com/blog/2009/01/09/50980/bailing-out-the-bad-guysat"><LINK_TEXT text="http://ftalphaville.ft.com/blog/2009/01 ... bad-guysat">http://ftalphaville.ft.com/blog/2009/01/09/50980/bailing-out-the-bad-guysat</LINK_TEXT></URL> least some people have started stating to o...
by penguina
January 8th, 2009, 9:07 pm
Forum: General Forum
Topic: What can you do after listening to R. Feynman?
Replies: 14
Views: 45992

What can you do after listening to R. Feynman?

It is really quite simple:BEWARE OF LEVERAGEBEWARE OF LEVERAGEBEWARE OF LEVERAGEBut somehow every generation forgets this lesson and has to learn it again and again and again.
by penguina
January 8th, 2009, 3:37 pm
Forum: General Forum
Topic: What can you do after listening to R. Feynman?
Replies: 14
Views: 45992

What can you do after listening to R. Feynman?

<t>if you base an economy on charlatanism it will eventually crash when reality catches up.That is what is happening now. It happens about once a lifetime when we have forgotten past lessons and hubris has taken over once again. "...financial operations do not lend themselves to innovation. What is ...
by penguina
January 8th, 2009, 12:16 am
Forum: Careers Forum
Topic: how "safe" is a career in quant. fin. right now?
Replies: 17
Views: 47366

how "safe" is a career in quant. fin. right now?

Events of this magnitude happen quite frequently in human history but they happen infrequently enough that the current generation forgets the lessons of the previous generation.Every generation thinks it is different and better than all those that came before.Pride goes before a fall.
by penguina
January 5th, 2009, 12:41 pm
Forum: General Forum
Topic: Economists and Paul's Brain Pain
Replies: 37
Views: 48049

Economists and Paul's Brain Pain

<r><URL url="http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/someone"><LINK_TEXT text="http://blogs.ft.com/maverecon/2009/01/c ... us/someone">http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/someone</LINK_TEXT></URL> is waking...
by penguina
January 4th, 2009, 1:26 am
Forum: General Forum
Topic: Economists and Paul's Brain Pain
Replies: 37
Views: 48049

Economists and Paul's Brain Pain

<t>QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: penguinaEconomics is a pseudo-science - especially this New Keynesian cr@p that seems to be the orthodoxy at the moment that says we can apparently spend our way to prosperity. That the way to solve a problem caused by too much deb...
by penguina
January 4th, 2009, 1:18 am
Forum: General Forum
Topic: Economists and Paul's Brain Pain
Replies: 37
Views: 48049

Economists and Paul's Brain Pain

<t>QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: penguinaEconomics is a pseudo-science - especially this New Keynesian cr@p that seems to be the orthodoxy at the moment that says we can apparently spend our way to prosperity. That the way to solve a problem caused by too much debt ...
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