Sweden is heavily indebted? Its sovereign rating has never been anything other than AAA. Its debt/GDP is one of the lowest in the EU and, more...
Indeed... They are truly the servants of the people, the brightest and the best.
Far be it from me to suggest the US has a great corp tax code. A corp doing a big inversion would still save themselves some money... For...
It's a well-known fact that actual effective tax rates are much lower than the headline numbers in some countries. One of these countries is the...
It's unlikely to be Ruffer, who is supposed to be "Mr Fiddy"...
How is this a change? The guy has been rolling this exact same trade since mid last year, if memory serves.
The mammoth is back at it again...
It's obvious... We'll all be the policemen trying to catch the shoplifters who abuse JD.com's shopping technology.
Yea, so this notion of balance sheet as defined by simply "how much cash is sent out the door" is probably pretty universal... This can be...
I am really not sure what "balance sheet" means for derivatives exactly. In my mind, "balance sheet" is a concept which is primarily associated...
I can confirm that this is, in fact, known as a "stupid" in the mkt... Sometimes, people also use "strip", but it's mostly when referring to...
Depends on the asset class, I suppose... You can use working capital (e.g. total margin, haircut, etc), gross notional and/or MV, gross risk...
Bluecrest just started using leverage to the max permitted by their arrangements. Furthermore, I wouldn't be surprised if some of these...
I think it really is a bit of everything, but, mostly, it's a matter of "why not". Both Mike Platt and Stevie probably feel that, if there's one...
Smith's views are hotly debated, since he wrote two major works and they appear to be somewhat in contradiction. And yes, he appears to lean more...
Well before Milton Friedman, there was Adam Smith, whose views on the subject are predictably sensible. There's a wealth of really insightful...
There is evidence to suggest that the Founding Fathers were well aware of the nuanced nature of these subjects. Not that this should surprise...
I have offered you a variety of counterarguments already. Moreover, as I mentioned before, better people than I have done the same, if you only...
Now you're just being silly... But that's OK, since that too shall pass.
Indeed, none of it matters... Like the old adage goes, opinions are like assholes, everybody's got one. We will just have to live with the fact...
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