Again you fail to answer or back up what you have stated with any reasonable response as to why.

Free Market Capitalism?

John,

You are drinking. I wasn’t referring to you. Record household debt levels;

http://research.stlouisfed.org/fred2/series/CMDEBT/97/Max

I have some of that too, but I’m not sure how this changes my argument. My taxable dollars used to be in wonderful american companies. Now I am either in cash or shorting those same companies and China as well. I think the economy was better off when I was long it.

Frank says:
December 30, 2008 at 3:59 pm
John, you do some serious gambling with bonds. Go to AC instead, you get free food.

John,

Same recipe, different cooks [do i mean crooks], different patrons. I do agree the money will flow into certain sectors. I don’t agree that housing will be the beneficiary. Too much capacity, price/income ratio still out of whack and purchase/rental still favors renting. In addition to this, we are staring down the barrel of 250-500K jobs lost, per month, in 2009. How does housing accelerate in an environment of declining jos, lower workweek hours?

New bubbles are notorious for different leaders. This one will be no different. Why didn’t the post 9/11 easings flow back to the previous leader, dot com? Housing is done, will continue to go lower, when it eventually bottoms it will be a long L pattern. No V’s nor W’s. If you have a seat get very comfortable.

You can opt out. You can object to vaccinations on religious OR medical grounds.

http://www.mercola.com/article/vaccines/legally_avoid_shots.htm

I shall now assume “duck and cover” from our medical posters.

When my 401K was in equities and worth 2X, it didn’t have any value to the economy. Now that my 401K has been moved out of equities into MMF it is now cash on the sidelines. I don’t get it. Seems like it hurts the economy more on the sidelines than it helps it, no?

Financial Engineering:

Derivatives, Operator Methods and GPU Computing

January 12-14, 2009

Courant Institute

Room 109

251 Mercer Street

New York, NY 10012

This workshop organized by the Mathematics in Finance M.S. program at the Courant Institute, NYU provides a comprehensive introduction to derivative pricing and GPU computing emphasizing model agnostic system design. Topics covered include:
- Valuation, calibration, and risk management of exotic derivatives
- Operator methods for derivative pricing
- System design with multi-GPU equipment
- Interest rate, FX, credit and hybrid derivatives

The workshop runs over 3 days from 8:30 a.m. to 5 p.m. During the first day Claudio Albanese will present the mathematical background and illustrate the theory with practical examples. He will in the second day focus on model building with interest rate exotics, FX, credit and hybrid derivatives. The third day is dedicated to GPU-based quantitative financial modeling. In addition to a technical overview of GPU hardware and CUDA computing architecture, industry veterans like John Milner, Claudio Albanese, Mike B. Giles, and Gerald Hanweck, Jr. will discuss several real-world cases where GPUs are enhancing financial modeling.

AUDIENCE

Buy-side practitioners (portfolio managers and risk managers), sell-side practitioners (traders, financial engineers, quantitative analysts, research teams), and academics will deepen and broaden their understanding of the recipes they implement everyday and will learn the most cutting-edge techniques.

Prerequisites for the first two days are undergraduate linear algebra, probability theory and some knowledge of mathematical finance at the level of a first term in an M.S. program. The third day assumes good programming skills.

REGISTRATION

Register at http://www.cims.nyu.edu/~mathfcon
For questions or inquiries, send e-mail to mathfcon@cims.nyu.edu

what a bunch of egg heads.

i just know someone is looking over my shoulders right now, and it ain’t my fairy godmother.

SAS