Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
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Embedding maths now works - see MathJax documentation for more information.

I've turned off using $ and $$ as delimiters, so you have to use \ [ \ ] and \ ( \ ) instead. You also need to use either "Plain text" or "HTML Formatted" for your comment.

by Colman (colman at eurotrib.com) on Wed Jan 16th, 2013 at 05:58:58 AM EST
I look forward to the horrors that this will lead to!
by Colman (colman at eurotrib.com) on Wed Jan 16th, 2013 at 05:59:23 AM EST
[ Parent ]
I will understand none of it, but admire the elegance.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Jan 16th, 2013 at 06:04:19 AM EST
[ Parent ]
It's beautiful typesetting.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Wed Jan 16th, 2013 at 06:08:26 AM EST
[ Parent ]
Let's see \( \dots \)

According to Yves Smith (Econned, p.149) a trader actually sold a financial instrument with a guaranteed return of

\[ \max(0, \mathord{\hbox{NP}} \times 7 \times ( (L^2 \times {1 \over L} ) - (L^4 \times L^{-3})) \times {\mathord{\hbox{days in the month}} \over 360 })\]
where \(\mathord{\hbox{NP}} = \$ 600 \) and \( L\) is the 6-month dollar LIBOR rate. (Somebody actually paid \( \$ 4\times {10^6} \)  a month for 3 years for this).

by gk (gk (gk quattro due due sette @gmail.com)) on Wed Jan 16th, 2013 at 07:35:37 AM EST
[ Parent ]

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