Recent content by DeltaZero

Does anybody actually believe in the Random Walk Hypothesis, or for that matter, the EMH anymore? They seem more riddled with holes than Swiss cheese. I do believe that there are trading systems out there with an edge, or with a positive expected return over time. Look at how many quantitative...

Not sure why you would say a rate hike would signal increased economic confidence. I would say the very opposite, a rate increase by Bernanke will send very negative shockwaves throughout the global financial system. Think about it: Europe is getting screwed harder than the village bicycle. The...

Hard to say without knowing your career preferences and your strengths and weaknesses. Finance and business economics are a good combination IMO (although finance in the current macro environment might not be the best move). Actuarial studies is a good career choice if you are good and can...

UNSW or USYD are your only real choices here. If you can get into either of their commerce or combined commerce degrees, go for it. I'm not saying the other universities are sub par or that their degrees are of lower caliber, I just think you maximize your chances of getting into the finance...

To find the equilibrium state, we can let n approach infinity so that the difference between M(n+1) and M(n) (similarly with O) approaches zero. Doing so we arrive at the equations: M = 1.2*M - 0.001*O*M O = 0.7*O + 0.002*O*M Where M = M(n+1) = M(n) as n approaches infinity (similarly with O)...