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Keynes, probability, asset pricing and the great clusterfuck | 157 comments (157 topical, editorial, 0 hidden)
Futures (4.00 / 2)
One word: margin requirements.

With low enough margin requirements, hedgers will be swamped by speculators and the market will become useless.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Carrie (migeru at eurotrib dot com) on Thu Jul 19th, 2012 at 11:28:08 AM EST
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Keynes, probability, asset pricing and the great clusterfuck | 157 comments (157 topical, 0 editorial, 0 hidden)
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