Aug 25, 2016

You Can't Always Get What You Want

Stones - You Can't Always Get What You Want cover art

From the original by The Rolling Stones (YouTube)

[Yellen of Troy:  The Chair that launched a thousand ships (then tried to sink ‘em on her way out)]

I saw her dismay all the big pensions
A book of Keynes' in her hand
I knew we wouldn’t need VIX protection
At her feet were Bill and Stan

You can't always get what you want …

And we went down standard deviations
Still, stops got their share of abuse
Sayin’:  “We’d better bump our duration
If we don’t, we’re gonna blow a 50-bip move”