Compounding was another of those delusions, it really cannot exist reasonably in a well counted economy.
Trading pit counts well. When the S&L tree re-quants, your bot aearns some bit error, right then and there, into the control of your local bot.
Collect them up to integer, and drop them back into the S&L pit. There is no time to compound with, tyhe pit does not know time. Your bot deals with only the probability of waiting in line so your bot is not instantly more knowledgeable than the next. A re-deposit is back in line and a new ball game on the graph. Your trading bot should always check its options with other pits, least it suffers the delusion of compounding. And, take a quickscan before dropping a deposit, see if the wait is long.
Monday, November 28, 2016
Dealing with the central banks and the new technology
The issue will be that central banks want all money flow cleared with a regulated clearing house. Even still central banks are stuck with a immutable fact, the new cards will hold secure digits, banks will ultimately insist on that security.
So, the pure cash solution is peer to peer, single shot exchange. How do we avoid the government rule? The governments position here is tenuous, because we can write a clearing house function and place it at the checkout counter, let it duly report balances of zero.
So, ultimately, Congress will have to mandate an individual requirement, to maintain regulated deposits; or accept its own budget responsibility. Congress will force a deposit mandate on the individual, but the technology is off the hook here. This conflict is between individuals and their representative.
Clearly, we are bound to produce this technology, I would not be surprised to hear announcements at any time; all the components in place.
The efficiency imperative forces
This is not rounding the edge of some market,this is dropping the entire cost of finance down to absolute zero.. You can see the market size, just estimate the central bank balance sheets, all of which come under bot organization. That is some 10 trillion in assets right there.. The total derivative industry flows another few trillion, as well as the entirety of commercial banking..
It really can't be avoided, being able to handle the entire collection as a functional probability distribution is so overwhelming, across he board. Risk management, inventory flow, and very liquid price adjustment. A system that can estimate its global valuer in reasonably short order. Something like a ten fold plus decrease in transaction times everywhere.
The low transaction costs make almost anything priceable. Once we have secure digits, its the peer to peer, the card touch, thy makes everything a priced transfer.
So, the pure cash solution is peer to peer, single shot exchange. How do we avoid the government rule? The governments position here is tenuous, because we can write a clearing house function and place it at the checkout counter, let it duly report balances of zero.
So, ultimately, Congress will have to mandate an individual requirement, to maintain regulated deposits; or accept its own budget responsibility. Congress will force a deposit mandate on the individual, but the technology is off the hook here. This conflict is between individuals and their representative.
Clearly, we are bound to produce this technology, I would not be surprised to hear announcements at any time; all the components in place.
The efficiency imperative forces
This is not rounding the edge of some market,this is dropping the entire cost of finance down to absolute zero.. You can see the market size, just estimate the central bank balance sheets, all of which come under bot organization. That is some 10 trillion in assets right there.. The total derivative industry flows another few trillion, as well as the entirety of commercial banking..
It really can't be avoided, being able to handle the entire collection as a functional probability distribution is so overwhelming, across he board. Risk management, inventory flow, and very liquid price adjustment. A system that can estimate its global valuer in reasonably short order. Something like a ten fold plus decrease in transaction times everywhere.
The low transaction costs make almost anything priceable. Once we have secure digits, its the peer to peer, the card touch, thy makes everything a priced transfer.
Bogle did the math wrong
Michael Regan interviewed Vanguard Group founder Jack Bogle for Bloomberg Markets last week, and I suppose it would be tempting to be like "so, Jack Bogle, index funds are pretty good, right?" "Yup, pretty good." "Thanks for your time." I mean, it is pretty straightforward. And there's a little of that -- "the math is the math, and I think the mathematics are inarguable," says Bogle -- but they also get into some of the more abstruse critiques of indexing.
I heard his comment, and no I did not go read his thesis. But it is a pretty good guess he did a continuous versions on the math, which implies he assume Ito's calculus is always good, a bad mistake. His math will be horribly wrong when the generational helicopter flies.
Matt Levine wants us to comment on this tule
Matt Levine: Here is the NASDAQ Stock Market LLC's rule filing for its proposed "Extended Life Priority Order Attribute," which would give priority to orders that promise to stay in force for at least one second. We have talked about this order type before, and I was fond of it; it seems like a good rough way to segment "customers" from "dealers," and to give some priority to the customers:
In some loose approximate sense, if a customer shows up and wants to buy stock, then she should get priority over a dealer who also wants to buy that stock, because, you know, she actually wants to buy the stock. The dealer is just churning inventory for a few milliseconds.
OK, Nasdaq wants to sell time; this is where they are going. The market can't sell time, it can sell cycles on the graph. The index funds is running at milliseconds because cycles are not pried.
But once cycles are price, then bets have to be compressed by a pit boss. You really have no choice, since, at bottom, if Nasdaq is not organizing by probability, then they are simply a useless monopoly, about to be replaced.
Nasdaq officials should hire a mathematician to read what the physicists are saying about emergent spacetime, it all applies to markets.
It matters if Hillary is not doing the corrupting
Why Corruption Matters, by Paul Krugman, NY Times.
First time we heard Krugman mention corruption even as we watched Hillary's Foundation reap rewards from her State Department job.
Paul, let me explain. Rednecks have triple decoder rings. Our decoder rings detected that your would be changing your tune once your people left office. And your people were bound to leave office, look at the alternation of regimes we go through. It was never destined that your philosophy becomes permanent law, that is a common delusion, we all suffer it; even physicists
Any economist figure that out? It is the very same problem Europe has.
First time we heard Krugman mention corruption even as we watched Hillary's Foundation reap rewards from her State Department job.
Paul, let me explain. Rednecks have triple decoder rings. Our decoder rings detected that your would be changing your tune once your people left office. And your people were bound to leave office, look at the alternation of regimes we go through. It was never destined that your philosophy becomes permanent law, that is a common delusion, we all suffer it; even physicists
Any economist figure that out? It is the very same problem Europe has.
Hot dogs are a gateway to fat politicians
Christie a Tough Sell on Legal Marijuana: New Jersey Gov. Chris Christie (R) said tax revenue from legal marijuana would be “blood money,” citing it as a gateway to other drugs. He pledged to resist any legalization effort in his state until he leaves office. (NJ.com)
Not to mention being a governor in the dying North East leads to welfare begging in the Swamp.
Texans wanted anyone but the Californians back at the Swamp
Soon the Swamp will jam and these boneheads will be crying for socialist bailouts.
You hope, and hope and hope
Paris (AFP) - President-elect Donald Trump's big-spending plan and tax cuts are expected to help double the US economic growth rate by 2018, the OECD said Monday.The Trump bump may be over, the conservatives are coming back to town.
The US economy will grow by 2.3 percent in 2017 and 3.0 percent in 2018, said the Organisation for Economic Cooperation and Development, revising its earlier forecast.
That compares to gross domestic product growth of 1.5 percent this year, according to the OECD.
The Republican property tycoon's team has said he will devote $550 billion to rebuilding decrepit infrastructure.
The incoming president also campaigned on promises for major corporate tax cuts as part of a wide-ranging blueprint for the limping US economy.
Dills Act debt per capita
| Rank | State | Market Pension Debt/Household |
| 1 | Alaska | $113,137 |
| 2 | Illinois | $77,822 |
| 3 | California | $77,700 |
| 4 | Connecticut | $72,862 |
| 5 | Hawaii | $61,156 |
| 6 | Massachusetts | $60,652 |
| 7 | New Jersey | $58,409 |
Whoa, there is no way I am assuming the 78 grand they claim I owe. No one in California voted for this shit, it was mandated when the Dill Act ceded out rights to the public unions. When the bone heads come for the dough-re-me, they will have to pry it from my Smart Card.
Buy look at Illinois. Talk about Blue State stupidity, Illinois takes the cake. There growth rate is zero, boys and girls, no one in Illinois plans to pay up on their 78 grand, they would all be better off with bankrupt local government..
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