2) What percentage of the HQLAs are US Treasuries and how would they be affected by interest rate increases?

Great article! Thanks.]]>

2) What percentage of the HQLAs are US Treasuries and how would they be affected by interest rate increases?

Great article! Thanks.]]>

Lastly, in order to be logically correct the test should read "Which two and only two cards in the following set must be flipped (displaying the opposite face) to prove the proposition: If a card has a vowel on one of its two faces, then it has an even number on the other (or, more colloquially, Every card with vowel on one face has an even number on the other - The proposition is ambiguous in that it is not clear whether it is also making the vice versa claim that every card with an even number on one face has a vowel on the other; I will assume not, but proper use of propositional logic would clarify that. That's why mathematics is a precise language of its own.)

The answer to the if-then form question is indeed E (because we know E implies even) and 7 (because NOT (vowel implies even) is (odd implies NOT vowel). However, if the ambiguous question is implied to mean IFF (if and only if, i.e. if-then and vice versa), then each card needs to be flipped to verify the proposition.

Rather than being about confirmation bias, this 'test' (and I use the term loosely) is more about unspoken and unwritten assumptions and poorly-worded, vague hypotheses.

Nonetheless, an educational example for investors and indicative of so much of the 'information' and 'hypotheses' we are subjected to daily.]]>

Lastly, in order to be logically correct the test should read "Which two and only two cards in the following set must be flipped (displaying the opposite face) to prove the proposition: If a card has a vowel on one of its two faces, then it has an even number on the other (or, more colloquially, Every card with vowel on one face has an even number on the other - The proposition is ambiguous in that it is not clear whether it is also making the vice versa claim that every card with an even number on one face has a vowel on the other; I will assume not, but proper use of propositional logic would clarify that. That's why mathematics is a precise language of its own.)

The answer to the if-then form question is indeed E (because we know E implies even) and 7 (because NOT (vowel implies even) is (odd implies NOT vowel). However, if the ambiguous question is implied to mean IFF (if and only if, i.e. if-then and vice versa), then each card needs to be flipped to verify the proposition.

Rather than being about confirmation bias, this 'test' (and I use the term loosely) is more about unspoken and unwritten assumptions and poorly-worded, vague hypotheses.

Nonetheless, an educational example for investors and indicative of so much of the 'information' and 'hypotheses' we are subjected to daily.]]>

I certainly wouldn't bet on the ignorance of the investing public as they are out of the game for now. All that's left are the pros, the sharks and the better-informed independent retail investor. Who's to say who's calling the game properly today?]]>

I certainly wouldn't bet on the ignorance of the investing public as they are out of the game for now. All that's left are the pros, the sharks and the better-informed independent retail investor. Who's to say who's calling the game properly today?]]>

2) If things start turning south, I would expect equities purchased with margin debt to exit first. That seems to imply several hundred billion dollars-worth of equities being dumped in a hurry. I guess that's how corrections turn into crashes.]]>

2) If things start turning south, I would expect equities purchased with margin debt to exit first. That seems to imply several hundred billion dollars-worth of equities being dumped in a hurry. I guess that's how corrections turn into crashes.]]>