Wednesday, August 25, 2010

The Derivative Dice

"Some government-run investment funds are recklessly rolling the dice by participating heavily in mania-era investment ploys. In Illinois, for instance, the state pension fund is using derivatives to 'recoup returns' and try and 'fix' a 60.9% underfunding."
Steve Hochberg, Elliott Wave International

"Every contraction cycle needs a culprit. Derivatives will be the blame for this one."
Random Roving, July 3, 2010

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