@Mpolymer Italians taking the boat to the US in the 19th century knew they would never see their homeland again. That must have been some kind of feeling to experience too!
@bennpeifert And because of this, one could argue that all the technical stuff around derivatives trading is misleading. It gives a false sense of security, that is my view anyway.
@TrueFactsStated I used to work in a financial institution in the City of London. Salespeople were regularly briefed and warned about dealing with US officials. Even an invitation for dinner could be considered a bribe.
Looks like the standards have been lowered recently. Somewhat inverted!
@liquiditygoblin yes so you differentiate between risk premia and it is not what you call an edge
risk premia is the thing you trade before waiting to be blown off
thanks
@liquiditygoblin in your opinion, does the fact that a trading parameter is "rich" in historical terms constitute an edge? implied correl versus realised, same with vol, and so on.
@choffstein@bennpeifert Every time it is the same thing with derivatives losses. Guys build complex positions on the basis of "the spread is rich historically". Super complex derivatives on one side, the spread is rich on the other.
Frankly speaking, neutrality is a morally bankrupt concept.
Having studied sanctions evasion and wartime supply chains, I’ve found some facts particularly striking: neutral Switzerland is the leading European supplier of microelectronics that end up in Russian weapons, while another neutral European country, Ireland, is the leading supplier of aluminum for Russia’s war machine.
So that’s what “neutrality” often means in practice.
@TrueFactsStated@PeteButtigieg@GavinNewsom@SenMarkKelly@ossoff it is difficult to see how you reconcile America with itself at this point...
What would you do? Go after the Trumpees and clean the swamp? If you don't and let them thrive in the opposition....
It’s not as if they weren’t warned. I tweeted this when they announced an AI special.
I really hope people complain. Especially about the inclusion of Laura Gilbert, a paid corporate lobbyist bankrolled by Oracle’s Larry Ellison who funds Tony Blair’s institute.
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