Saturday, April 14, 2012

Saturday amusement - if macroeconomics were particle physics

The FT's Alphaville. I particularly liked this quote:

To mitigate the imbalance, BERN could be forced to accumulate ever more euro-denominated Schrodinger assets (maybe worth something, maybe not — all depends on whether the observer is Italian) onto its own account.

I think the problem is deeper than that - it isn't that PIIGS bonds are Schrodinger assets (there is no quantum superposition state), it's that they seem to be Majorana fermions. If you get lots of them together and they don't move around fast enough, they start mutually annhilating. So if the market becomes illiquid ...

Read the lot.

No comments:

HTTP Error 403: You are not authorised to access the file "\real_name_and_address.html" on this server.

(c) 'Surreptitious Evil' 2006 - 2017.