December 2019
Intermediate to advanced
288 pages
6h 29m
English
book
The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
by Tim Lee, Jamie Lee, Kevin Coldiron
Content preview from The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
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Does the Carry Regime Have to Exist?
Is the Carry Regime Inevitable?
GLOBAL FINANCIAL MARKETS HAVE COME TO BE DOMInated by carry; they exist in a carry regime. But as we have shown, in a levered world a long-run positive return to carry trades seems inevitable. Therefore, in practice, does it really mean anything to talk about the world existing in a carry regime? Is it possible to imagine anything different?
An obvious starting point, and one we believe can give us some insight into the nature of carry, is to consider the possibility of the exact opposite of a carry regime—a hypothetical “anti-carry” regime. What would be the characteristics and implications of such a regime?
First, to recap, the defining feature of the carry regime is that ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
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.
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