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Archives for 02/10/2018

Zero Lessons Learned: Retail Investors Are Again Pouring Money Into Short VIX ETFs

After last Monday’s terminal event for the XIV – which at the time was the second largest inverse VIX ETN, before a the so-called volocaust and the subsequent record VIX eruption, resulted in a 96% NAV loss and subsequent termination “acceleration”… … one would assume that retail investors – the target audience of volatility ETPs

Second White House Official Resigns Amid Reports Of Spousal Abuse

A White House speechwriter resigned Friday after his former wife claimed that he was violent and emotionally abusive during their turbulent 2½ -year marriage — allegations that he vehemently denied, saying she was the one who victimized him. The abrupt departure of David Sorensen, a speechwriter who worked under senior policy adviser Stephen Miller, came

The Case for Freedom Does Not Rest on the Assumption of Perfection

Tweet Deirdre McCloskey’s March 2018 column in Reason is splendid.  (This column is not yet available on-line.)  In it, she expresses her well-grounded substantive objections to the conclusions that Nobelist Richard Thaler and other behavioral economists draw from their research. Here’s a key paragraph, which comes after Deirdre sarcastically – but appropriately – noted that

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