Been on a stock and the option is the buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option right and so its a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing Interest Rate to establish a baseline of the value of time from now on the curve from short to long so if youre negative as weve said before you have no value of time as a matter of fact time as a negative value i have often quipped that negative Interest Rates are a way for Goldman Sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative Interest Rates give the opportunity to commit crimes in the previous decades but putting that time machine aside. The negative rates make the entire proposition financialization moot because without a baseline
Market which followed only 10 years after this you can trade an option that has no Intrinsic Value at all it just has implied value based on. Time to time value plus. The volatility or beta so if you have been on a stock and the option is to buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option right and so its a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing Interest Rate to establish a baseline of the value of time from now on the curve from short to long so if youre negative as weve said before you have no value of to. Time as a matter of fact time as a negative value i have often quipped that negative Interest Rates are a way for Goldman Sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative In
Supervisors agenda. Can. Chairwoman item number one. Resolution authorizing the office of Contract Administration to enter into a First Amendment for marketplace purchases between the city and computerland to increase the total contract not to exceed 23 million, with no change to the threeyear term, with two oneyear options to extend. Chairwoman madam clerk, could you always read number two. Authorizing the office of the Contract Association to enter into a First Amendment marketplace purchases between the city and xjv. For a total contract amount not to exceed 44 million, to expire on december 31st, 2021, with two oneyear options to extend. Chairwoman thank you very much. And i believe we have lauren how do you pronounce your last name . Endigraphenfreed. Chairwoman thats a mouth full. Thank you. Is supervisors. Thank you for hearing this item. Im going to give you a brief overview of the tech marketplace, and thats when these contracts come from, and also providing you an overview of
There this is the kaiser report we get into it like you probably are used to so if youre not used to it get ready stacey hey max well you know what we have a topic today that is right in your court and that is i know you used to be an options trader on wall street so we have some stories from the Options Market and the topsy turvy world where the black in shoals formula was supposed to get rid of risk it was supposed to help separate risk and reward this paper was published in 1983 the black initials options formula and negative rates are rewriting the rules of modern finance negative Interest Rates have quite literally broken one of the pillars of modern finance as a columnist and central bankers weigh the pros and cons of sub 0 rates and their impact on the world traders have been contending with a rather more mundane fundamental issue how to price risk on trillions of dollars of Financial Instruments like Interest Rate swaps when their complex mathematical models simply dont work. R
As latinos we are unified in some ways and incredibly diverse in others and this exhibit really is an exploration of nuance in how we present those ideas. Our debts are not for sale. A piece about sanctuary and how his whole family served in the army and its a long Family Tradition and these people that look at us as foreigners, we have been here and we are part of america, you know, and we had to reinforce that. I have been cure rating here for about 18 year. We started with a table top, candle, flower es, and a picture and people reacted to that like it was the monna lisa. The most important tradition as it relates to the show is idea of making offering. In Traditional Mexican alters, you see food, candy, drinks, cigarettes, the things that the person that the offerings where being made to can take with them into the next word, the next life. Keeps u. S us connects to the people who have passed and because family is so important to us, that Community Dynamic makes it stick and makes