Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned. ↗
We get a ton of email; everybody does now. It gives us a kind of a pulse that you can feel.We hear people saying, thank you for being fair, for being balanced. ↗
And that does concern me, because we're not getting enough back for our taxes that we're paying. I think we really have to look at the whole sort of area. ↗
When America closes its doors, so does everybody else. We are the primary engine of growth in the world and we are the only beacon of free trade left, and open markets. ↗