Render Unto Caesar
There are two sides to the Epsilon Theory coin — looking at market-shaping current events through the lens of game theory and history, and looking…
There are two sides to the Epsilon Theory coin — looking at market-shaping current events through the lens of game theory and history, and looking…
The central banks of the West announced today that their temporary swap lines would be made permanent. Like QE itself, the meaning of this emergency…
There are known knowns; there are things we know we know.We also know there are known unknowns; that is to say, we know there are…
Mr. Incredible: You mean you killed off real heroes so that you could *pretend* to be one? Syndrome: Oh, I’m real. Real enough to defeat you! And…
The pursuit of greater predictability and transparency in Fed communications is a mistake, particularly in the context of broad guarantees concerning world-shaking policies. We learned…
“We’re gonna win the game. I guarantee it.” – Joe Namath, 3 days before Super Bowl III “Our torments also may in length of time…