Cem is great for providing so much helpful information while subtly encouraging new followers, via the emojis, to consider certain key concepts and to dig deeper into them.
Cheap Vol in the long-dated Bonds = Interest rates going higher and nobody pricing them in. The only issue here is that if that does happen doesn't the world just end? massive national, corporate and personal debt levels? Also, does this mean Cem is seeing the same trade as Michael Burry? Improving liquidity for corporations is a deflationary effect. Because they take the cheap money and compete for the price away by improving the process etc like all good business and thus reduces the cost. - True if they use all that money for the improvement but maybe not if they just buy back shares? Still very interesting. ^ Also, don't these two points also counter one another? one being inflation = higher interest rates and the other being deflationary and lower / no change to the interest rate. When Cem @1:02 is talking about event Vol and Vol compression leading up to the event as people are positioned for short-dated vol and gamma. He mentions that dealers sell this and they also buy some cheaper vol for themselves. Is this cheaper vol buying only possible because they front-run the orders? how does this work? When talking about tails is he just talking about 2 std from the ATM of more like 0.10 delta? Another amazing interview.
@@ashlerherrick3132 Agreed but i'm not sure he was saying the tails were "fat".(if he was I apologize) I know Teleb talks about distributions of fat tails and exactly what you are saying is true, but still getting to those higher std moves is less and less probable in general. I would prefer to be closes to his understanding of tail than the 8 std move.
Great Show again. But look at the vacination numbers If you make comparison. Germany and most of Europe vacination doses per capita same as Canada and 6 weeks behind US. cases are way down and everthing is opening up. So no problem. Greetings Form Germany
Don’t worry about Josh. I know Josh .... he thinks Canada is in Europe and gets triggered by the those who don’t praise the all might asset that can not be named.
Maximising median would not make any difference, wealth is fat tailed, you would always end up with inequality. The only way to enforce equality is socialism.
Great interview from Cem
Hi, did you guys post the results of the survey from J Leitner’s interview?
Cem is great for providing so much helpful information while subtly encouraging new followers, via the emojis, to consider certain key concepts and to dig deeper into them.
The summer of George!!
Great interview With Edwin Dorsey. I signed up for his newsletter.
Cheap Vol in the long-dated Bonds = Interest rates going higher and nobody pricing them in. The only issue here is that if that does happen doesn't the world just end? massive national, corporate and personal debt levels? Also, does this mean Cem is seeing the same trade as Michael Burry?
Improving liquidity for corporations is a deflationary effect. Because they take the cheap money and compete for the price away by improving the process etc like all good business and thus reduces the cost. - True if they use all that money for the improvement but maybe not if they just buy back shares? Still very interesting.
^ Also, don't these two points also counter one another? one being inflation = higher interest rates and the other being deflationary and lower / no change to the interest rate.
When Cem @1:02 is talking about event Vol and Vol compression leading up to the event as people are positioned for short-dated vol and gamma. He mentions that dealers sell this and they also buy some cheaper vol for themselves. Is this cheaper vol buying only possible because they front-run the orders? how does this work?
When talking about tails is he just talking about 2 std from the ATM of more like 0.10 delta?
Another amazing interview.
@@ashlerherrick3132 Agreed but i'm not sure he was saying the tails were "fat".(if he was I apologize) I know Teleb talks about distributions of fat tails and exactly what you are saying is true, but still getting to those higher std moves is less and less probable in general. I would prefer to be closes to his understanding of tail than the 8 std move.
At 55:00 I’m really curious what he was gonna say before it ended
Thanks for the show. I truly love this show.
Two really interesting interviews indeed
Great Show again. But look at the vacination numbers If you make comparison. Germany and most of Europe vacination doses per capita same as Canada and 6 weeks behind US. cases are way down and everthing is opening up. So no problem. Greetings Form Germany
TERM FUNCTION OF SKEW VERY USEFUL
whats the update on jim leitners contest?
Fantastic show guys. Every weeks get better.
what was the date of this recording?
🤔 is the pitcher of beer more $ than a Burger 🍔 now
so the market will go up forever in this kind of cycle? When will it stop then? until fed tightens?
Second!!!
Nice.
Fabulous
2:00:00 - Self-flatulent?
First!!
Fucking boss
@@TH-kh1cq hell yeah
@Pui Yue next time ;)
Oh no I’m long MPW
Don’t worry about Josh. I know Josh .... he thinks Canada is in Europe and gets triggered by the those who don’t praise the all might asset that can not be named.
Maximising median would not make any difference, wealth is fat tailed, you would always end up with inequality. The only way to enforce equality is socialism.
Shake shack sucks.
Josh needs to relax with these harsh reviews smh