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To: TobagoJack who wrote (23577)	9/26/2002 12:28:53 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>... the round and round debt funded life style not working too well if the circular chain of debt/credit/debt/credit is not long enough...<< and an eye-popping example provided as well - ROTFL... I saw AG on TV and I must admit, his voice has the same charm/spectral characteristics as Larry King. Unfortunately my wife had to watch her version of "who wants to be a millionaire" and did not understand the importance of knowing what Sir Printsalot thinks about unregulated derivatives markets. But I guess they are busily taking him apart in a theater nearby. Have read "When genius failed" and "Fiasco" and can only commend it. otoh given the level of awareness around here I guess I'm one of the late comers. Fact is, given the Puplava / Noland / Richebächer chronicles one can write the following equation US whole-sale banking = x * LTCM where x >> 1. Fun starts with the fat tail distribution in risks. No nice Gaussian stuff as Merton and Sholes "assumed" for starters (and made a bang out of the assumption, a buck, a Nobel prize en passant, and then a bust). Proof it's fat tail distributions? My own single transaction ROI's for starters - and they're asymetrical to top it;. RegZ dj