Understanding the credit crisis

In an earlier post (see here) I put a link to an online book that explains all the main concepts of economics in terms of the classic 'Island Economy'. If you think about it in theoretical terms, this book is a 'proof' that the Island Economy is a sufficiently rich model into which many important … Continue reading Understanding the credit crisis

Understanding trader jargon

In this post I present some tips on how to understand fixed-income trader jargon. If you are a quant working closely with swaps or options traders (as I was once), then you won't get very far in a discussion unless you have a certain amount of fluency with the following terms. Some were passed on … Continue reading Understanding trader jargon