What this loss means will be appreciated from the statement that one bushel of wheat contains sufficient energy to support the average working man for 15 days. ↗
The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead. ↗
I'm trying to let winning the world championships settle in right now before I begin training again shortly. During the skating season, we skate on average 20 kilometres a day. On top of that, we're riding a lot and lifting a lot of weights. ↗
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned. ↗
When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward. ↗
