Belmont Club

By Richard Fernandez

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September 18, 2008 - 12:13 pm - by Richard Fernandez
Jay
2008-09-21 08:45:30

Slade, The Black-Scholes based models that were used to price those derivatives is based on assumptions that some of us have shown to be FALSE. They can not handle low probability state of nature.
Also several Nobel macro economists have be writing that central banks have become adept at stablizing global economies. More fake science!