Thursday, March 5, 2009
Kill for Calculations
Remember the good old days of pork bellies and the gold standard. When a bum off the street could trade with the best of them. Now we have abstractions like futures and swaps that only a few privileged initiates can understand. Here's the equation that supposedly brought down the whole house of cards and put Randolph & Mortimer 2.0 in a box under a bridge.
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