The probability of winning a simple bet becomes , where means the cardinality of the set A. Of course, could be 38 or 37, depending on the roulette type (American or European, respectively). December 30 - Bloomberg (Emma Charlton): Switzerlands franc jumped to a record against the euro and the dollar as investors bet its economy is set to outperform the euro zone and U.S. Thursday from Bloomberg (Oliver Renick Callie Bost) under the headline Another Pillar of the Bull Market is Collapsing: Until Tuesday, media shares were the best-performing shares of the bull market, rising 531% to eclipse automakers, retail stores and banks. I dont need a high-flying market, just a stable one, Mr. Gong said. I found it helpful to further delineate sector dynamics - to incorporate Periphery of the Periphery and the Core of the Periphery. Similarly, there is the Periphery of the Core and the Core of the Core. Over recent months, heightened stress had made it to the Periphery of the Core (Greece, commodity-related stocks and high-yield debt, in particular).
The crisis broke through to the Core of the Core. I would expect crisis dynamics to now speed up. Analytically, China occupies an integral spot in both the Core of the Periphery and the Periphery of the Core. Chinas unfolding financial and economic crisis will either directly or indirectly impact virtually all global markets and economies. In general, backdrops conducive to crisis can linger for so long that fears naturally fade as optimism and complacency take full control. And, importantly, post-bust policymaker measures can reflate Bubble Dynamics, leading to serial Bubbles (i.e. tech to mortgage finance to global government finance). The bursting of Chinas equities Bubble marks a momentous global Bubble inflection point. After a hiatus, Bursting Bubble Dynamics have reemerged with a vengeance. Typically, stress at the Periphery begins a process that begins to weigh on the Core. But in this phase of unprecedented central bank monetary inflation (money printing), trouble at the Periphery has elicited aggressive policy responses that have tended only to stoke Bubble excess at the Core. And all the misinformation and revisionism really deters from the learning process. wbc247
Chinas reflationary measures over the past year (in particular) worked primarily to spur precarious speculative excess in Chinese stocks, in the process stoking optimism that Chinese reflationary measures would work to reflate commodities and Periphery economies. Please know that we are committed to operating our restaurants with the highest safety standards and are taking extensive measures to ensure we deliver the best product. The roulette wheel is marked with numbers 0 (zero) through to 36. The numbers are coloured red and black and the 0 (zero) is green. You may know that the famous French mathematician Blaise Pascal invented the wheel as perpetual motion device. And, with very few exceptions, I know nothing about the formal legal material that I havent gleaned from reading the casebook and the teaching manual. I have posited that this peg on steroids has incentivized an enormous flood of hot money into China and, more specifically, into high-yield Chinese debt instruments.
And, in the end, the Bubble prognosis should be recognized as right or wrong - not at a point in time but with regard to the overall cycle. Periphery to Core analysis turned much more complex and nuanced throughout this prolonged global government finance Bubble period. I have posited my case for the Granddaddy of All Bubbles. I believe the current global government finance Bubble is the finale of a historic multi-decade Bubble period. Even in the harshly depleted bear camp, I sense Bubble fatigue. Not surprisingly, we keep making even more atrocious policy mistakes. 2011), whose participants assumed men to only profit more than women from inspirational motivation and women to profit more than men from individualized consideration. So if you have a series of Bubbles with six or seven year lives, youre discussing an overall Bubble span of a couple decades (or more). Instead, the issue of whether a boom is sound or an inflating Bubble is of profound consequence. Whether policymakers are fostering sustainable recovery or merely fueling an unsustainable boom is absolutely critical. Engineers living in Vienna are trying hard to reconstitute the buildings, using devices like skid steer auger attachment to assure they can offer additional support and also a strong foundation.
