Tuesday, April 29, 2014

MoneyScience News

MoneyScience News

Blog Post: TheAlephBlog: Productivity Inequality

Posted: 29 Apr 2014 03:15 AM PDT

I would encourage people to contact their friends that are better off, to give them contacts with their friends that are better off, to see what it takes to earn a superior income.  Yes, there are those that have rich inheritances, but those are a minority among the rich.  Most of the rich are rich because they built something significant.read more...

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Blog Post: TheFinancialServicesClub: Heidi Miller, Bitcoin and fitness for purpose

Posted: 29 Apr 2014 03:15 AM PDT

Building on yesterday’s theme about how a cheque from Canada has taken six weeks to process and had significant processing charges taken from the deposit as a result, reminds me of Heidi Miller’s speech from SIBOS 2004, which is still talked about today.read more...

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Blog Post: iMFdirect: Central, Eastern, and South-Eastern Europe: Safeguarding the Recovery as the Global Liquidity Tide Recedes

Posted: 29 Apr 2014 03:12 AM PDT

By Reza Moghadam, Aasim M. Husain, and Anna Ilyinaread more...

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Published / Preprint: Braided and Knotted Stocks in the Stock Market: Anticipating the flash crashes. (arXiv:1404.6637v1 [q-fin.ST])

Posted: 28 Apr 2014 05:37 PM PDT

A simple and elegant arrangement of stock components of a portfolio (market index-DJIA) in a recent paper [1], has led to the construction of crossing of stocks diagram. The crossing stocks method revealed hidden remarkable algebraic and geometrical aspects of stock market. The present paper continues to uncover new mathematical structures residing from crossings of stocks diagram by introducing...

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Published / Preprint: Leveraged {ETF} implied volatilities from {ETF} dynamics. (arXiv:1404.6792v1 [q-fin.CP])

Posted: 28 Apr 2014 05:37 PM PDT

The growth of the exhange-traded fund (ETF) industry has given rise to the trading of options written on ETFs and their leveraged counterparts {(LETFs)}. We study the relationship between the ETF and LETF implied volatility surfaces when the underlying ETF is modeled by a general class of local-stochastic volatility models. A closed-form approximation for prices is derived for European-style...

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Published / Preprint: A Bitcoin system with no mining and no history transactions:Build a compact Bitcoin system. (arXiv:1404.4275v1 [cs.CE] CROSS LISTED)

Posted: 28 Apr 2014 05:37 PM PDT

This article changes a lot of the original Bitcoin system, including, fast currency distribution within 1 year by utilizing buyer's different characters, removing bloated history transactions from data synchronization, no mining, no blockchain, it's environmentally friendly, no checkpoint, it's purely decentralized and purely based on proof of stake. The logic is very simple and intuitive, 51%...

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