Pensinger homers to lead off the first.
( rounding home, P looks out at the mound and yells, hey, you have a control problem, i cant hit.)
A dozen years after Max Born dissimulated Schrödinger's wave-function, an agency of the U.S. Government, Fannie Mae, created the mortgaged-backed security (MBS) in analogue to Born's dissimulation: 1938, the year before Nazi Germany invaded Poland, home of Lukasiewicz logics, the basis of an uncooked understanding of the quantum wave-function, this invasion, according to my lights, being a Jungian synchronicity, a meaningful coincidence between things inner and things outer, and thus a marker of the presence of projective-identification on the level of collective psychology. Later, well after advent of the GSE, the government-sponsored enterprise, and formation of Freddie Mac, did explosion of the bundling of bundles of MBSs with interest rate swaps, credit default swaps, and myriad other derivatives come on the scene in regressed analogue to the outer reaches of relativity physics. Consider that there is no actual price of an MBS, even absent the bundling of bundles with, say, interest rate or credit default swaps, only a theoretical price. Methods of approximation are required to arrive at the theoretical price. Why? Because the MBS is an analogue not only of the quantum wave-function but also of the n-body problem. The measurement problem in MBS mechanics! There is no closed-form solution to the price of an MBS even with only 3-variable dependency: e.g., interest rate and credit risk and early-redemption de-risk earnings potential. The variables are linked and change in relation to one another. This mutual-dependency variability means no actual price, only theoretical numerical approximations to such a price -- SO LONG AS THE PRICE SOUGHT IS SINGLE-VALUED. In Newton's closed-form laws of motion (i.e., writable) the variables involved are single-valued (just as is the case within a marketplace mimicking in interplay of supply and demand Newton's laws of motion) and so are the solutions. In Schrödinger's open-form wave equation (i.e., only partially writable) the variables involved are multivalued, and so are the solutions -- only partially writable because the multivalued variables and solutions can be transfinitely m-valued (and these m-valued variables are actually processed in nature by m-valued logics). This gives rise to what has been deemed “quantum weirdness”. Max Born excommunicated the weirdness by interpreting the quantum variables and solutions as having only to do with probabilities and their amplitudes, not with actual values, i.e., Schrödinger's wave-function has no actual “price”, only a theoretical “price”, absent a collapse due to intervention by human agency (i.e., The Trader) -- this intervention being an exemplary case in analogue to the quantum-measurement occasion. As long as traders of MBSs insist on having a single-valued price, they can only have a theoretical price: this is inherent to the nature of MBSs and their regressed “quantum” mechanics. That's how MBSs were created (by unconscious projective-identification) in exorcism-analogue to “quantum weirdness”. The bundling of bundles of MBSs with interest rate swaps, credit default swaps, and myriad other derivatives, in exorcism-analogue to the fiber-bundle arithmetics of relativity theory's superstrings, was a further regressed elaboration whereby m-valuedness was analogically modeled in compensatory abreaction to the collective fear and loathing evoked by The New Physics: superstring theory's M Theory is in strange-attractor syzygy to Lukasiewicz logics in that it is converging upon m-valued universal physical constants processed in nature by m-valued logics (and it is only under Lukasiewicz logics that an authentic unification of quantum and relativity theory will be accomplished -- a possibility phobously avoided in part by “regression in service to the ego” played out over the financial markets). Insistence upon a single-valued “egoic” price means the mutually interactive variables must be synthesized to a single identity (analogue to insistence upon “purified identity”, something assiduously sought by the Nazis), that is, the concentrated, closed-form, final solution -- otherwise, there cannot be an actual price. Absent Lukasiewicz m-valued logics, however, there is no way to handle m-valued mutual variation without synthesized Nazification to theoretically purified identity. Suppression of m-valued Lukasiewicz logics is the quickest way to insure that there will be no open society to institute.
ps..... |
