[…] that’s left to do is get on with it ? So I followed DeepSeek’s advice, as I let you…
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Toons in contemporary LA underground iconography
Since Roy Lichtenstein made a lasting impression on the fine arts’ scene by turning individual frames of comic strips – or at least a likeness of them – into paintings, expanding to their new scale the standard pointilliste techniques for representing shading on newspaper-quality paper, a point of transit has been established between the exclusive
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Trouble’s a Bubble, introducing the stock synthetic
In January of this year, I gave a talk in Paris, at University of Paris X – Nanterre, to a group of economists on “Value and price.” The paper was published online in April in “La gazette permanente du MAUSS” (1). It is in French – as suits speaking in Paris. There is however an
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Now that the housing bubble has burst, who’s to blame?
Blame is flying in all directions: mortgage lenders had stopped bothering whether or not borrowers could repay as they were passing the buck to Wall Street anyway; Wall Street firms were using subprime mortgages of any denomination as innocuous stuffing in Collateralized Debt Obligations (CDOs); regulators failed to curb the worst forms of abuse –
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The smile in Black and Scholes
This is a bit of a detective story, a bit of a puzzle. The method is archaeological.
This morning a colleague of mine sends me an e-mail entitled “importance of correlations.” There are several attachments. One of them is an article by Don Chance entitled “Rethinking Implied Volatility” (*). In it, the author writes
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The miracle that never was
I was driving along the Pacific Coast Highway on the morning lap of my daily commute and was listening to the classical music program broadcast from the University of South California and I was thinking to myself “This is great, this is what we like to hear on a classical music station: something different. What
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California salivating
What we did last Saturday was a bit over the top: we drove 200 miles to have dinner. We’re bound to have eaten too little on Friday night as we woke up the following morning wondering where to have dinner. We ruled out our default solution, the zero degree of our imagination, Gladstone’s in Pacific
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The Greenspan and Kennedy papers on Equity Extraction from Housing (1990-2006) – A graphic exposition
The first Greenspan and Kennedy paper (*), published in 2005 provides figures about equity extraction in the US over the 1990 to 2005 period. In the first diagram, the numbers for cash-out extracted at the occasion of refinancing are shown along origination of Home Equity Loans and Lines of Credit. There is no essential difference
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Please keep quiet Mr. Greenspan!
Poor Mr. Greenspan: can’t open his mouth without giving investors the heebie-jeebies!
He promised he would be quiet, just like his predecessor Mr. Volcker was about monetary policy when he himself took over. Even when he only whispers, people pay a lot, a lot of attention, and go into a frenzy of wanting to
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Subprime, CDOs and the threat to home ownership
In a well-documented recent paper (*), Joseph R. Mason of Drexel University and Joshua Rosner of Graham Fisher & Co. ask if a chain of events has not begun unfolding that will end up in a situation where funding for the mortgage industry is massively curtailed. In their paper, Mason and Rosner draw a parallel
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An experiment in Wikiology
I marvel at Wikipedia. There is hardly a day when I don’t go and check their site, looking up some concept, often mathematical, sometimes financial, or finding out about any other question I happen to be asking myself, about Joachim Pateniers or the bodhisattva.
In the beginning, I would only fix the typos I was
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Well! It is comments such as yours that make the trip … worthy of the trouble! 😀
When I saw your work on P vs NP, I knew you were on to something profound. I couldn’t have…
Admittedly, I was a little thrown off by the direction this took. From my perspective, you (1) identified the major…
It’s wonderful seeing you at work with AI to formalize the synthesis of the insights you had so many years…
I solved it! Paradox! The epistemic barrier was always in Paradox. Maintain truth as ambiguous (Both true OR false) until…
This article goes along with what I was writing. It turns out it was published one day earlier than my…
LLMs deal essentially with language but seems amenable to graphics as well. To such an extent that one may wonder…
“the marvellous powers of the brain emerge not from any single, uniformly structured connectionist network but from highly evolved arrangements…
When the entangled narrative is based on the Bible, the problem is the Bible.
Most recent posts
- Video – What makes a demonstration worthy of the name?
- Video – A revolutionary theory of consciousness : CFRT (Cross-Flow Resonance Theory)
- PRIBOR: “Combinatorial Magic” Logic – Proof of Concept
- Pribor: What do we do?
- How I discovered the mechanism of consciousness … in 1999 – Episode 9. Does sensory deprivation confirm the cross-flow resonance theory of consciousness (CFRT)?
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