January 2012
Intermediate to advanced
384 pages
8h 36m
English
Content preview from Tail Risk Killers: How Math, Indeterminacy, and Hubris Distort MarketsBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 28Fear Is Where the Power Is: The Politics of Credit-Default Swaps
November 2008: The situation was dire. But was it ever really an apocalypse? Everyone was conditioned to think that without government intervention, a waking hellscape of crappiness awaited. And it continues. Over and over we are told of being just a step away from U.S. government default if someone dares fiscal sensibility. Or some variation of a bank implosion, or everyone going into foreclosure immediately, or some other equally horrible catastrophe. These outcomes are debatable, and they deserve to be debated. Everything that happens in the future is debatable.
What is not debatable is that we continue to be threatened with imminent doom if politicos don’t get what ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.