Post by: AltExploit

EconoFiction

Synthetic Structured Financial Instruments

26 Sep , 2017  

An option is common form of a derivative. It’s a contract, or a provision of a contract, that gives one party (the option holder) the right, but not the obligation to perform a specified transaction with another party (the option issuer or option writer) according to specified terms. Options can ...

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Lexicon, PhiloFiction

Žižek’s Dialectical Coincidentia Oppositorium

24 Sep , 2017  

Without doubt, the cogent interlacing of Lacanian theorization with Hegelianism manifests Žižek’s prowess in articulating a highly pertinent critique of ideology for our epoch, but whether this comes from a position of Marxist orthodoxy or a position of a Lacanian doctrinaire who monitors Marxist politics is an open question.

Through ...

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EconoFiction

Cryptocurrency and Efficient Market Hypothesis. Drunken Risibility.

10 Sep , 2017  

According to the traditional definition, a currency has three main properties: (i) it serves as a medium of exchange, (ii) it is used as a unit of account and (iii) it allows to store value. Along economic history, monies were related to political power. In the beginning, coins were minted

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EconoFiction

The Scourge of Ratings Agencies

8 Sep , 2017  

This is from the archives written over two days in August and September this year and meant as part of the weekly digest for PFPAC (FB).
 Some days back, a friend, asked a question on Ratings Agencies (RAs hereafter), and if there is anything viable or subsequently pliable of these? ...

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EconoFiction

Orthodoxy of the Neoclassical Synthesis: Minsky’s Capitalism Without Capitalists, Capital Assets, and Financial Markets

30 Aug , 2017  

During the very years when orthodoxy turned Keynesianism on its head, extolling Reaganomics and Thatcherism as adequate for achieving stabilisation in the epoch of global capitalism, Minsky (Stabilizing an Unstable Economy) pointed to the destabilising consequences of this approach. The view that instability is the result of the ...

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EconoFiction

Monetary Policy Divergence: Cross Currency + FX Swaps — Negative Basis

29 Aug , 2017  

Cross currency swaps and FX swaps encompass structures which allow investors to raise funds in a particular currency, e.g. the dollar from other funding currencies such as the euro. For example an institution which has dollar funding needs can raise euros in euro funding markets and convert the proceeds into ...

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EconoFiction

Malignant Acceleration in Tech-Finance. Some Further Rumination on Regulations.

25 Jul , 2017  

Regardless of the positive effects of HFT that offers, such as reduced spreads, higher liquidity, and faster price discovery, its negative side is mostly what has caught people’s attention. Several notorious market failures and accidents in recent years all seem to be related to HFT practices. They showed how much ...

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PhiloFiction

Production of the Schizoid, End of Capitalism and Laruelle’s Radical Immanence. Note Quote Didactics.

24 Jul , 2017  

These are eclectics of the production, eclectics of the repetition, eclectics of the difference, where the fecundity of the novelty would either spring forth, or be weeded out. There is ‘schizoproduction’ prevalent in the world. This axiomatic schizoproduction is not a speech act, but discursive, in the sense ...

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