There's no blanket implication that if you can't model something you should never do it. It's about the balance of risk and consequences between alternatives. Your example is no exemption to this. (View Post)

For an even bigger financial bubble and crash, yes. (View Post)

The MBS and derivatives bubble (and subsequent crash and credit crunch) would have happened anyway assuming no change in America. The key question therefore is, would the City under the Tories have b… (View Post)

Very sexy number that. (View Post)

Gosh, David, that must have been a worry. "Please don't put your life in the hands of a ... etc" (View Post)