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DIY gasoline arbitrage

August 1, 2012

Who needs futures? Now you can arbitrage gas prices right at the pump: (And if that's not enough, it costs a dollar more just down the block!)

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Spotted: a free lunch

June 11, 2009

The internets are buzzing about the CDS trade that netted small brokerage firm Amherst a nice profit at the expense of Wall Street giant JPM. I may be missing something, but it seems to me that the risk hasn't disappeared (as is being implied), it has merely been transferred from the mortgage originators (or whomever […]

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Explaining MTM

April 17, 2009

I really enjoyed a new post from Rortybomb that includes a great distillation of the mark to market debate: So in the early 1990s, when I was in Junior High, there was a craze about collecting and trading baseball cards. Our classroom would have a corner during lunch where we’d all compare, with our binders […]

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