GTim on Michael Masters Testimony on Derivatives/Commodities Markets
Bob P on Governments do not always feel able to tell people the whole truth
Kim Appapillai on Michael Masters Testimony on Derivatives/Commodities Markets
Mitch on Richard Bove : Driving the Financial System to Collapse???
mano on Senate Bill Would Regulate OTC Derivatives and Credit Default SwapsMarch 29, 2009
The Civil Heretic
By NICHOLAS DAWIDOFF
FOR MORE THAN HALF A CENTURY the eminent physicist Freeman Dyson has quietly resided in Prince ton, N.J., on the wooded former farmland that is home to his employer, the Institute for Advanced Study, this country’s most rarefied community of scholars. Lately, however, since coming “out of the closet as [...]
Tags: Dyson
Gaussian copula and credit derivatives
Steven Hsu, Prof of Physicss, Univ of Oregon
Monday, September 12, 2005
This WSJ article describes a mathematical innovation that helped create the now huge market for credit derivatives. Credit derivatives let banks, hedge funds and other investors trade the risk associated with credit defaults (i.e. bankruptcy of bond issuers). Just as in previous derivatives [...]
UNIVERSE IN 2009
Is MIT Obsolete?
On the future of invention.
by NEIL GERSHENFELD • Posted February 3, 2009 11:27 AM
Illustration by Raymond Biesinger.
Today’s advanced research and education institutions are essential to tackling the grand challenges facing our planet, but they’ve been based on an implicit assumption of technological scarcity — advances in those technologies now allow these activities to expand far [...]