Business

India's 'un-bankable' millions are not only better re-payers than their 'banked' counterparts in the west, but their demand for credit is outstripping supply by a great degree.

The 'beneficiaries' of these loans are just like us- consumers who need to borrow money to create economic opportunity for themselves, their families and their children- they would not wish to be treated as a charity in this regard, and we owe them the dignity of therefore doing business with them in a professional manner.

A speculative bubble exists when the price of something does not equal its market fundamentals for some period of time for reasons other than random shocks. [Fundamental] is usually argued to be a long-run equilibrium consistent with a general equilibrium

Mathematician known for Rosser's theorem in mathematical logic and computability theory.

Here I am the fool looking to fail frequently. I want to either hit a homerun or walk or even strike out. This means I fail far more often than I succeed. But the important point is that what I lose when I fail is trivial, epsilon compared to what I make when I succeed.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

Like everyone, investors get hurt by the implicit loss of purchasing power of each dollar inflation implies. However that is only the tip of the iceberg, as this loss is likely to be compounded by the tendency for traditional investments to suffer additional erosion.

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Stock prices suffer a one-two punch. Rising raw material prices tends to compress margins or earnings, and rising interest rates tend to compress p/e ratios, as earnings yield must compete with interest rates.

Unknown.

Firstly, inflation is always and everywhere a monetary phenomena. Secondly, the Phillips curve is dead and buried. US employment, and domestic measures of capacity utilization didn't even work 40 years ago! We stuck a stake in the heart of such measures about 15 years ago.

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Today away from monetary policy, global factors drive inflation, and for tangible goods emerging market drivers are key. We note commodity consumption per unit of GDP explodes as per capita income rises from $3000/yr into the $5000 to $15000 bracket.

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Crime, for those living in poverty, can become a business. Much like any other capitalist enterprise, their business further exacerbates inequality in society. The poor feel aggrieved by inequality - they exist in a world where they are disproportionately unrewarded for their input into the economy.

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This is not just about the elephant- it's about there being different types of elephants. Looking at the market in simplistic distribution perspectives misses the true effect, threat and risk of large movements and upcoming changes.

Physics professor studying complex systems, crowd behavior, and social networks.

The actual actions of the people in the market are the things that determine what happens next within the market.

Physics professor studying complex systems, crowd behavior, and social networks.

Looking at the bond market to provide you protection from inflation is a fools game. If you are really worried about inflation- you have to buy stocks.

We compute some level of default and losses because of those defaults- and perform IRR calculations to create yields and then we haircut it some more because, in truth, we have no idea!

The true risk with all of these securities is the fact that real-yields are actually negative. So I don't think this is an issue of ability or willingness to pay, it's really that you are getting negative real returns.

The only value that government paper provides you at this point is, basically, the fact that if everything goes to 'hell in a handbasket' that you have some assets of value.

Academics, research analysts, and even regulatory agencies have recognized that today's markets are more liquid and less expensive than before the advent of HFT. This is no doubt due in part to the improvement in liquidity provisioning that has arisen from the better risk management that computers provide over human traders.