I do believe the American people are different from Europeans. That is why in my view there is hope in America and Europe is in for a lot of...
Wasn't Keynes chosen and supported over a number of other options because his philosophy justified what they wanted to do? They could have chosen...
How about this as another WAG potential solution. You receive at birth a fixed amount of government services that you can draw on (pension,...
I do agree with you. Democracy doesn't work (IMO) because there is no voter tie to input and output and no consequences for individual voters...
"Nope, monopolies and cartels are almost always the result of regulatory capture, not laissez faire capitalism. " A very interesting comment...
To add to what Plyka says and to help me think about the future I make the following gross over-simplifications: Government AKA democracy is...
"I would strongly disagree with this if you are referring to the U.SA. In the US., capitalism has been perfected to a greater extent then in any...
It is a failure of capitalism within a democracy. As I posted before: Someone once said "A democracy cannot exist as a permanent form of...
"Ask yourself (stated in this thread frequently) how you would derive the premium on a bespoke (OTC) contract w/o a volatility figure. Ask...
"You're wrong and I have already explained why..." Fair enough.
Interesting comments on informed simplicity. I will do some investigation into this when I have more time. My investment has paid off. Thanks for...
"On the topic: Ask yourself why OTC dealing always involves quoting the market in vol and not premium." I have already answered but here it is...
"WTF are you babbling about? I think it's pretty clear who's side I am on. You admonish me as a disciple and then ask me to "take a side"? I...
"The real question is - how do you discover that the current implied is rich or cheap?" Point 3: I like questions, especially quality ones...
"I found a breakthrough 2 1/2 years ago .......... Liquid options are more or less fairly priced. It is not so much their pricing that matters...
"Yes, of course. Implied volatility is a characteristic of an option that has a one-to-one relationship with a particular price. However, while...
LOL +++1
Part of the confusion could come about because the described MM (or specialist) process stops too early. For an initial guess, the market makers...
"I'd say that if someone on this board should not be accused of "not owning a pair" its atticus - check out the thread about selling index...
"1) Implied volatility isn't quite the same thing as price. 2) What else can your rich/cheap indicators be based on, if it's not price? 3) I...
Separate names with a comma.