HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Main ›› Wall St. News ›› Derivatives: The Unregulated Global Casino for Banks  


Post A Reply
    Page 4 of 12:   1  2  3   4  5  6  7  8  9  10  11  12  
pythontrader
 

Registered: Oct 2011
Posts: 130

 

04-27-12 12:29 PM


Quote from sheda:

I hate people who debate like you, you have nothing factual to say just a vague load of crap then you try to insult and bait others to an argumentative level..

Grow a pair...



I'm glad I'm old.

    Edit/Delete Quote Complain
Martinghoul
 

Registered: Jan 2009
Posts: 5641

 

04-27-12 12:47 PM


Quote from pythontrader:
Ok. Even with all this data (let alone its accuracy) being available, we just do not know how the whole system will behave in case of unexpected disturbances and what the ramifications of such a scenario are.


This is 100% correct and there's a lot of work and analysis that lots of people are doing to try and understand the system fragility issues. And yes, this work is needed and useful, but none of it uses notional values as a starting point. Only ZH and his ilk keep putting these ridiculously large numbers forward for shock 'n awe purposes, which actually betrays their total ignorance of the subject. However, I think most people are aware now that it's a bunch of bollox.

    Edit/Delete Quote Complain
pythontrader
 

Registered: Oct 2011
Posts: 130

 

04-27-12 12:58 PM


Quote from Martinghoul:

This is 100% correct and there's a lot of work and analysis that lots of people are doing to try and understand the fragility issues. And yes, this work is needed and useful, but none of it uses notional values as a starting point. Only ZH and his ilk keep putting these ridiculously large numbers forward for shock 'n awe purposes, which actually betrays their total ignorance of the subject. However, I think most people are aware now that it's a bunch of bollox.



Agreed. The problem is we might be looking at a black hole here. Schouldn't we better be thinking about the root of the problem instead?
I mean we are trying to chase a runaway train here trying to understand the whole complexity. This is what I call the arrogance. Why not stick to the things we do understand and take it from there?

Re. the numbers and ZH: I stopped trying to understand the intentions of those people. The numbers are irrelevant anyway.

    Edit/Delete Quote Complain
Martinghoul
 

Registered: Jan 2009
Posts: 5641

 

04-27-12 01:10 PM


Quote from pythontrader:
Agreed. The problem is we might be looking at a black hole here. Schouldn't we better be thinking about the root of the problem instead?
I mean we are trying to chase a runaway train here trying to understand the whole complexity. This is what I call the arrogance. Why not stick to the things we do understand and take it from there?

Re. the numbers and ZH: I stopped trying to understand the intentions of those people. The numbers are irrelevant anyway.

Well, the root of the problem is, unfortunately, political and social. Humans can't deal with issues of that sort well at our current level of development. As a result, we have to deal with the system as a given and try to make sure it's as sound as can be. That's the whole point of a lot of work that's being done at the moment.

    Edit/Delete Quote Complain
pythontrader
 

Registered: Oct 2011
Posts: 130

 

04-27-12 01:17 PM


Quote from Martinghoul:

Well, the root of the problem is, unfortunately, political and social. Humans can't deal with issues of that sort well at our current level of development. As a result, we have to deal with the system as a given and try to make sure it's as sound as can be. That's the whole point of a lot of work that's being done at the moment.



Well in that case this seems to be a one way ticket. This is like trying to repair the sound of your TV set when your hearing is the real problem. Wouldn't you agree?

    Edit/Delete Quote Complain
Martinghoul
 

Registered: Jan 2009
Posts: 5641

 

04-27-12 01:33 PM


Quote from pythontrader:
Well in that case this seems to be a one way ticket. This is like trying to repair the sound of your TV set when your hearing is the real problem. Wouldn't you agree?


Well, I dunno, mate... What do you propose as an alternative? Should we all give up and go home? Yes, it all might be futile and doomed, but, guess what, maybe the world ends on 21 Dec this year? Or maybe Skynet goes operational in 5 years? Or maybe this is all the Matrix? No point in living, really, if you look at it like that...

    Edit/Delete Quote Complain
    Page 4 of 12:   1  2  3   4  5  6  7  8  9  10  11  12  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider