BTW, here's the NY Fed weighing in on the issue:...
It all looked like some sort of a risk-parity puke...
There's a fair bit of data-mining happening here, methinks...
Same here... I always look for these. Part of the problem is that, if you get too clever, you can never know with certainty if your concoction...
Did this happen before or after the unfortunate demise of Gotham Partners?
It's not a bad write-up and it's very hard to disagree with the author's underlying premise. However, as I mentioned before, the whole...
The base interest rate differential is "embedded" in the differential between the rate at which you've borrowed yen (0.5%) and lent dollars (15%)....
Yep... Finally, flavor with access to pretty monumental leverage, stir well and enjoy!
Indeed... Trades don't kill traders; traders kill traders.
Sometimes he also does some ginormous seagulls, just for sh*ts and giggles, it seems... I think Matt Levine wrote a good post about this. While...
7. Ultra US bond futures 8. German bobl futures 9. 10y Aussie govt bond futures 10. JGB futures There are a couple of others mentioned already......
He's all set for girls, don't worry...
My point had been that the UK stamp duty is irrelevant to this discussion. The FTT that has been mentioned in the original post is a very...
I think this tax cut experiment will be really quite something. And Trump is going to own it...
Apart from it being only on stock transactions, intermediaries are exempt. Therefore, "over 70% of transactions are exempt from tax". In...
Yes, I am familiar with the various behaviourist explanations and theories for momentum effects. I am just curious that you're comfortable with...
Well, this is my point... How do you explain the presence of momentum premium without incorporating various behavioural biases? If you can't,...
Again, the stamp duty in the UK has a limited scope. The European FTT proposals sought to impose a much wider FTT which would apply to all...
No diapers for me tonite, thank god!! Yes, it's FTT for equities and some equity derivatives, just to make sure that people don't exploit...
France and Italy's versions of FTT were mostly limited and specific (akin to stamp duty that has been in place in the UK for 200+ years). I don't...
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