Risk Liquidity Quotes

All this talking, this rather liquid confessing, was something I didn't think I could ever bring myself to do. It seemed foolhardy to me, like an uncooked egg deciding to to come out of its shell: there would be a risk of spreading out too far, turning into a formless puddle.

Why do I take a blade and slash my arms? Why do I drink myself into a stupor? Why do I swallow bottles of pills and end up in A&E having my stomach pumped? Am I seeking attention? Showing off? The pain of the cuts releases the mental pain of the memories, but the pain of healing lasts weeks. After every self-harming or overdosing incident I run the risk of being sectioned and returned to a psychiatric institution, a harrowing prospect I would not recommend to anyone. So, why do I do it? I don't. If I had power over the alters, I'd stop them. I don't have that power. When they are out, they're out. I experience blank spells and lose time, consciousness, dignity. If I, Alice Jamieson, wanted attention, I would have completed my PhD and started to climb the academic career ladder. Flaunting the label 'doctor' is more attention-grabbing that lying drained of hope in hospital with steri-strips up your arms and the vile taste of liquid charcoal absorbing the chemicals in your stomach. In most things we do, we anticipate some reward or payment. We study for status and to get better jobs; we work for money; our children are little mirrors of our social standing; the charity donation and trip to Oxfam make us feel good. Every kindness carries the potential gift of a responding kindness: you reap what you sow. There is no advantage in my harming myself; no reason for me to invent delusional memories of incest and ritual abuse. There is nothing to be gained in an A&E department.

I touched the combination lock. I concentrated so hard I felt like I was dead-lifting five hundred pounds. My pulse quickening. A line of sweat trickled down my nose. Finally I felt gears turning. Metal groaned, tumblers clicked, and the bolts popped back. Carefully avoiding the handle, I pried open the door with my fingertips and extracted an unbroken vial of green liquid. Hal exhaled. Thalia kissed me on the cheek, which she probably shouldn't haven't done while I was holding a tube of deadly poison. "You are so good," she said. Did that make the risk worth? Yeah, pretty much.

In other words, it is not in craving after ready-made, complete and finished things that love finds its meaning ― but in the urge to participate in the becoming of such things. Love is akin to transcendence; it is but another name for creative drive and as such is fraught with risks, as all creation is never sure where it is going to end.

Love? No, I don’t miss love. Love is not greatest or purest, it’s never a perfect blend, just an impure liquid, the kind you should really sniff before you taste. But the risk is you still might not notice it’s poisonous.

Dauntless traitors crowded the hallway; the Erudite crowd the execution room, but there, they have made a path for me already. Silently they study me as I walk to the metal table in the center of the room. Jeanine stands a few steps away. The scratches on her face show through hastily applied makeup. She doesn’t look at me. Four cameras dangle from the ceiling, one at each corner of the table. I sit down first, wipe my hands off on my pants, and then lie down. The table is cold. Frigid, seeping into my skin, into my bones. Appropriate, perhaps, because that is what will happen to my body when all the life leaves it; it will become cold and heavy, heavier than I have ever been. As for the rest of me, I am not sure. Some people believe that I will go nowhere, and maybe they’re right, but maybe they’re not. Such speculations are no longer useful to me anyway. Peter slips an electrode beneath the collar of my shirt and presses it to my chest, right over my heart. He then attaches a wire to the electrode and switches on the heart monitor. I hear my heartbeat, fast and strong. Soon, where that steady rhythm was, there will be nothing. And then rising from within me is a single thought: I don’t want to die. All those times Tobias scolded me for risking my life, I never took him seriously. I believed that I wanted to be with my parents and for all of this to be over. I was sure I wanted to emulate their self-sacrifice. But no. No, no. Burning and boiling inside me is the desire to live. I don’t want to die I don’t want to die I don’t want to! Jeanine steps forward with a syringe full of purple serum. Her glasses reflect the fluorescent light above us, so I can barely see her eyes. Every part of my body chants it in unison. Live, live, live. I thought that in order to give my life in exchange for Will’s, in exchange for my parents’, that I needed to die, but I was wrong; I need to live my life in the light of their deaths. I need to live. Jeanine holds my head steady with one hand and inserts the needle into my neck with the other. I’m not done! I shout in my head, and not at Jeanine. I am not done here! She presses the plunger down. Peter leans forward and looks into my eyes. “The serum will go into effect in one minute,” he says. “Be brave, Tris.” The words startle me, because that is exactly what Tobias said when he put me under my first simulation. My heart begins to race. Why would Peter tell me to be brave? Why would he offer any kind words at all? All the muscles in my body relax at once. A heavy, liquid feeling fills my limbs. If this is death, it isn’t so bad. My eyes stay open, but my head drops to the side. I try to close my eyes, but I can’t—I can’t move. Then the heart monitor stops beeping.

Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide.

She watched the stream of hot black liquid fall, and felt suddenly, painfully alive to what she had risked in overthrowing her life for the man walking away into the night with another woman.

Everyone knows about market risk and management risk. But there are a variety of non obvious risks to consider when managing a portfolio of investments. They include political risk, share premiums and discounts risk, Interest Rate risk, Income Risk, Tax law changes risk, valuation risk, and liquidity risk, among others. This is why professional active portfolio management is the way to go.

At home, I have a poster on my wall of a rose that’s bleeding. Its petals are white, and red liquid oozes from its heart, thick and glistening warm. Only, if you look very close, you can see the droplets are coming from above, where a little girl’s wrist—camouflaged by a cluster of leaves—has been pricked by thorns as she reached inside to catch a monarch. I used to wonder why she risked getting sliced up just to touch a butterfly. But now it makes sense: she wanted those wings so she could fly away, because the pain of trying to reach for them was more tolerable than the pain of staying grounded, wherever she was. Today, I embrace that child’s perfect wisdom. What I wouldn’t give for a set of wings . . .

The more you warn your colleagues about the tail risks—the rare but devastating events that can bring the bank down—the more they roll their eyes, give a yawn and change the subject. This eventually leads to self-censorship. The system filters out the thoughtful and replaces them with the faithful.”11

Butter was demonized and replaced with margarine, one of the most supremely stupid nutritional swap-outs in recent memory. Only much later did we discover that the supposedly healthier margarine was laden with trans fats, a really bad kind of fat created by using a kind of turkey baster to inject hydrogen atoms into a liquid (unsaturated) fat, making it more solid and giving it a longer shelf life. (Any time you read “partially hydrogenated oil” or “hydrogenated oil” in a list of ingredients, that means the food in question contains trans fats.) Unlike saturated fats from whole foods such as butter, trans fats (at least the manmade kind) actually do increase the risk for heart disease and strokes!

Two things were needed to minimise the risk. First, the pool had to be drained, but its two valves in the basement - which could only be turned by hand - were now submerged under radioactive water from the firemen’s failed attempt to extinguish the reactor fire. Second, the commission decided that the earth beneath the reactor building should be frozen with liquid nitrogen to harden the ground, support the foundations and help to cool the superheated core.

While investment is also meant to produce income to be exchanged for other goods, it is distinct from money in three respects: first, it offers a return, which money does not offer; second, it always involves a risk of failure, whereas money is supposed to carry the least risk; third, investments are less liquid than money, necessitating significant transaction costs every time they are to be spent. This can help us understand why there will always be demand for money, and why holding investments can never entirely replace money.

The tattoos around his eyes burned as he scanned the surrounding area. No one but him probably noticed, but the plumes of darkness branching in every direction were writhing and groaning, desperate to avoid the light of the moon and street lamps. Come to me, he beseeched them. They didn’t hesitate. As if they’d merely been waiting for the invitation, they danced toward him, flattening against his car, shielding it—and thereby him—from prying eyes. “Freaks me out every damn time you do that,” Rowan said as he crawled into the front passenger seat. For the first time, Sean’s friend had accompanied him to “keep you from doing something you’ll regret.” Not that Gabby had known. Rowan had lain in the backseat the entire drive. “I can’t see a damn thing.” “I can.” Sean’s gaze could cut through shadows as easily as a knife through butter. Gabby was in the process of settling behind the wheel of her car. Though more than two weeks had passed since their kiss, they hadn’t touched again. Not even a brush of fingers. He was becoming desperate for more. That kiss . . . it was the hottest of his life. He’d forgotten where he was, what—and who—was around him. He’d never, never, risked discovery like that. But that night, having Gabby so close, those lush lips of hers parted and ready, those brown eyes watching him as if he were something delicious, he’d been unable to stop himself. He’d beckoned the shadows around them, meshed their lips together, touched her in places a man should only touch a woman in private, and tasted her. Oh, had he tasted her. Sugar and lemon. Which meant she’d been sipping lemonade during her breaks. Lemonade had never been sexy to him before. Now he was addicted to the stuff. Drank it every chance he got. Hell, he sported a hard-on if he even spotted the yellow fruit. At night he thought about pouring lemon juice over her lean body, sprinkling that liquid with sugar, and then feasting. She’d come, he’d come, and then they could do it all over again. Seriously. Lemonade was like his own personal brand of cocaine now—which he’d once been addicted to, had spent years in rehab combating, and had sworn never to let himself become so obsessed with a substance again. Good luck with that. “I’m getting nowhere with her,” Rowan said. “You, she watches. You, she kissed.” “Yeah, I’ve been meaning to talk to you about that.” Gabby’s car passed his and he accelerated, staying close enough to her that anyone trying to merge into her lane wouldn’t clip his car because they couldn’t see him. Not that anyone was out and about at this time of night. “She’s mine. I don’t want you touching her.” “Finally. The truth. Which is a good thing, because I already called Bill and told him you were gonna be the one to seduce her.” “Thanks.” This was one of the reasons he and Rowan were such good friends. “But I thought you were here tonight to keep me from her.” “First, you’re welcome. Second, I lied.

Then, suddenly, a shadowy flash came to me. Tiffany, taking an order, arguing with a girl. Shockingly, not me. Another flash, of Detective Toscano walking into Yummy’s minutes ago. Tiffany nervously kneading a coaster between her fingers. The coaster I held in my hands right now. Tiffany was scared. Why was she scared of the cop? “Hey! Space shot! You want your Coke or not?” I tried to ignore Tiffany’s screeching and hold on to the vision, but it blurred and disappeared. I grabbed my new glass from her outstretched hand. “I heard you got into an argument last night,” I said. Tiffany paled, which I never thought possible since her skin was so fake-and-bake tan. She nervously twirled a lock of her bleach blond hair around her finger. “Where did you hear that?” “Doesn’t matter where I heard it.” I took a chance and added, “But it was pretty juicy gossip, considering who she was.” Tiffany’s pale face turned to green and I involuntarily took a step back ,half expecting an Exorcist-style stream of vomit to shoot out of her gaping mouth. Instead, she narrowed her eyes and leaned closer. “Get away from me,” she growled. And then it became clear. My flash of her argument. Her fear of the detective. She’d argued with the girl who was murdered last night. And she did not want Detective Toscano to find out about it. I stepped away from the bar, giddy with my new knowledge. I had the upper hand on Tiffany Desposito. I could torture her with this. Drag it out. Hold it over her head for days, even weeks. “It’s too bad you’re not with Justin anymore,” she said to my back. “He’s a cutie. And such a good kisser.” And that was my limit. I spun around and dumped my brand-new Coke over her head. She shrieked and flailed her hands as the liquid streamed over her face and down between her giant boobs. She peeled her sticky hair off her eyes and snarled, “I’ll get you for this.” I merely smiled, then sauntered over to the two Toscanos, who had apparently been watching this whole display with entertained grins on their faces. “You’re the new detective?” I asked the elder Toscano. He nodded. Either his mouth was too full with French fries or he was too scared of me to speak at the moment. “Tiffany Desposito, the wet and sticky waitress over there? She had a fight with the girl who was murdered. Last night, at this restaurant. You should question her right away. I wouldn’t even give her a chance to go home and shower first. I think she’s a flight risk.” I strolled back to my booth, sat down, and tore into my pancakes, happy as a kid on Christmas. Nate and Perry stared at me in silence for a few moments. Then Perry said, “Maybe you should have let me go over.” Nate shook his head. “Nah. She did just fine.

The alien ship was already thundering towards the upper reaches of the atmosphere, on its way out into the appalling void which separates the very few things there are in the Universe from each other. Its occupant, the alien with the expensive complexion, leaned back in its single seat. His name was Wowbagger the Infinitely Prolonged. He was a man with a purpose. Not a very good purpose, as he would have been the first to admit, but it was at least a purpose and it did at least keep him on the move. Wowbagger the Infinitely Prolonged was --- indeed, is --- one of the Universe's very small number of immortal beings. Those who are born immortal instinctively know how to cope with it, but Wowbagger was not one of them. Indeed he had come to hate them, the load of serene bastards. He had had his immortality thrust upon him by an unfortunate accident with an irrational particle accelerator, a liquid lunch and a pair of rubber bands. The precise details of the accident are not important because no one has ever managed to duplicate the exact circumstances under which it happened, and many people have ended up looking very silly, or dead, or both, trying. Wowbagger closed his eyes in a grim and weary expression, put some light jazz on the ship's stereo, and reflected that he could have made it if it hadn't been for Sunday afternoons, he really could have done. To begin with it was fun, he had a ball, living dangerously, taking risks, cleaning up on high-yield long-term investments, and just generally outliving the hell out of everybody. In the end, it was the Sunday afternoons he couldn't cope with, and that terrible listlessness which starts to set in at about 2:55, when you know that you've had all the baths you can usefully have that day, that however hard you stare at any given paragraph in the papers you will never actually read it, or use the revolutionary new pruning technique it describes, and that as you stare at the clock the hands will move relentlessly on to four o'clock, and you will enter the long dark teatime of the soul. So things began to pall for him. The merry smiles he used to wear at other people's funerals began to fade. He began to despise the Universe in general, and everyone in it in particular. This was the point at which he conceived his purpose, the thing which would drive him on, and which, as far as he could see, would drive him on forever. It was this. He would insult the Universe.

Johnston wrote how by 1990, “Trump’s inability to pay his debts had put him at risk of losing his casinos.”64 The rules of the New Jersey Casino Control Commission required casino owners to have enough liquidity to pay their bills or see their ownership license revoked. Trump would either get a government rescue package or declare bankruptcy. Casino regulators, Johnston wrote, documented that Trump was down to his last $1.6 million.65 He had obligations to make payments on more than $1 billion worth of bonds every ninety days on his three casinos in Atlantic City. Johnston wrote: Trump’s obvious difficulty complying with the financial stability requirements of the Casino Control Act raised a glaring question: Had regulators been monitoring Trump’s finances since he got his casino license in 1982? The answer was no. The regulators had been too busy with work they deemed more important. There was, for example, the predawn arrest of a cocktail waitress named Diane Pussehl, who was pulled from bed and charged with a felony for picking up a $500 chip on the floor of Harrah’s casino. A judge tossed the case out, so the casino regulators filed a misdemeanor charge. It also was tossed. Then they went after Pussehl’s license, arguing she was morally unfit to work in a casino. Pussehl kept her license.66

Does your family know?” He reached for the syringe kit and began preparing a dose for himself. Tillie licked her lips. “No.” She paused. “Do you need help with that?” “Oh no, thank you. I’m quite used to doing it myself.” “Doesn’t your mother scold you for using so much?” “She does, but Father feels differently. He believes that just as some people need certain foods more than others to stay well, some people must lean on the effects of morphine to function well. There’s no shame in it.” “I confess I’ve been using more and more lately. I feel so much better under its effect.” Tom looked at her seriously. “Are you due for a dose?” “I may be, perhaps.” Tillie’s hands were shaking. Tom held up the filled syringe. “You can use this. I’ll do mine afterward.” “Are you sure?” “Yes.” “Is it the right amount?” Tillie had inched so far forward she risked falling off her chair. “It’s probably a little more than you’re used to. Maybe half a grain. There are different doses I use for different reasons. Ones for pain.” He drew up extra liquid as he spoke. “Ones for when I’m well, ones just to feel normal, and . . .” He pulled harder on the syringe. There must be three times her usual amount. “And ones for celebrating.” Tillie felt like celebrating, like forcing happiness to smother the pall that had descended

MT: But you are. You are justifying it. RG: I'm trying to show that there's meaning at precisely the point where the nihilistic temptation is strongest today. I'm saying: there's a Revelation, and people are free to do with it what they will. But it too will keep reemerging. It's stronger than them. And, as we have seen, it's even capable of putting mimetic phenomena to work on its behalf, since today everyone is competing to see who is the most “victimized.” Revelation is dangerous. It's the spiritual equivalent of nuclear power. What's most pathetic is the insipidly modernized brand of Christianity that bows down before everything that's most ephemeral in contemporary thought. Christians don't see that they have at their disposal an instrument that is incomparably superior to the whole mishmash of psychoanalysis and sociology that they conscientiously feed themselves. It's the old story of Esau sacrificing his inheritance for a plate of lentils. All the modes of thought that once served to demolish Christianity are being discredited in turn by more “radical” versions of the same critique. There's no need to refute modern thought because, as each new trend one-ups its predecessors, it's liquidating itself at high speed. The students are becoming more and more skeptical, but, and above all in America, the people in power, the department chairs, the “chairpersons,” as they say, are fervent believers. They're often former sixties' radicals who've made the transition to administrative jobs in academia, the media, and the church. For a long time, Christians were protected from this insane downward spiral, and, when they finally dive in, you can recognize them by their naïve modernist faith. They're always one lap behind. They always choose the ships that the rats are in the midst of abandoning. They're hoping to tap into the hordes of people who have deserted their churches. They don't understand that the last thing that can attract the masses is a Christian version of the demagogic laxity in which they're already immersed. Today, it's thought that playing the social game, whether on the individual or the group level, is more indispensable than thinking…it's thought that there are truths that shouldn't be spoken. In America, it's become impossible to be unapologetically Christian, white, or European without running the risk of being accused of “ethnocentrism.” To which I reply that the eulogists of “multiculturalism” place themselves, to the contrary, in the purest of Western traditions. The West is the only civilization ever to have directed such criticisms against itself. The capital of the Incas had a name that I believe meant “the navel of the world.

In his work Maladies and Remedies of the Life of the Flesh, published in Leiden under the pseudonym Christianus Democritus, he claimed to have discovered the Elixir of Life—a liquid counterpart to the Philosopher’s Stone—which would heal any ailment and grant eternal life to the person who drank it. He tried, but failed, to exchange the formula for the deed to Frankenstein Castle, and the only use he ever made of his potion—a mixture of decomposing blood, bones, antlers, horns and hooves—was as an insecticide, due to its incomparable stench. This same quality led the German troops to employ the tarry, viscous fluid as a non-lethal chemical weapon (therefore exempt from the Geneva Convention), pouring it into wells in North Africa to slow the advance of General Patton and his men, whose tanks pursued them across the desert sands. An ingredient in Dippel’s elixir would eventually produce the blue that shines not only in Van Gogh’s Starry Night and in the waters of Hokusai’s Great Wave, but also on the uniforms of the infantrymen of the Prussian army, as though something in the colour’s chemical structure invoked violence: a fault, a shadow, an existential stain passed down from those experiments in which the alchemist dismembered living animals to create it, assembling their broken bodies in dreadful chimeras he tried to reanimate with electrical charges, the very same monsters that inspired Mary Shelley to write her masterpiece, Frankenstein; or, The Modern Prometheus, in whose pages she warned of the risk of the blind advancement of science, to her the most dangerous of all human arts.

Laura stands, in another photograph, wearing a two-piece gown, bodice and skirt, from centuries ago. The scarlet material is trimmed in gold brocade. From her waist the skirt billows outward, broad as a spinnaker, and grazes the floor in a huge circle. It fastens in front by a series of cobalt buttons, and she is about to start closing it, but for the moment it gapes open: a vertical window, eight or ten inches wide, runs from her waist to the floor. The gold brocade lines the opening like a ceremonial decoration, a veneration of what lies within. But nothing lies within. Inside the vast regal tent of the garment is darkness. Because of the lighting and pose, Laura’s body seems to end at the belly, to have no stumps at all. The opening exposes a pure emptiness. It is unclear how she is standing, what keeps her upright. The cavern beneath the skirt is illumined just enough to suggest that she isn’t wearing her prosthetics. She stands on no legs, suspended, magical. And that magic, along with her strong jawline turned in profile, endows her with omnipotence. The cavern is at once a universe and a womb. The vertical opening is a vaginal slit, and to slip through it, to slide the body inside the scarlet walls of the tent, to wait inside while she fastens the skirt and encloses you, swallows you, would be to live out the primal fantasy of entering the vagina not only with the penis but with everything from the skull to the toes: to be ensconced, to be consumed. The photograph’s viewer, not its subject, is at risk of disintegrating, coming apart, deliquescing in the lightless world he has longed for, turning to liquid in the womb. Laura, with her half-body, will remain more than intact, more than whole.

사이트문의~홈피:anaba.0pe.kr/ ??☎:텔레↔mak856 ??☎:카톡↔123w ☎라인【kom85】 사이트문의~홈피:anaba.0pe.kr/ ??☎:텔레↔mak856 ??☎:카톡↔123w ☎라인【kom85】 사이트문의~홈피:anaba.0pe.kr/ ??☎:텔레↔mak856 ??☎:카톡↔123w ☎라인【kom85】 #스테로이드판매, ,#디볼구입, #아나바구입방법,#옥산드롤론구입 #메디텍위니 ,#암브로콜구입 #스테로이드구입,#에페드린구입 #이퀴포이즈구입,#클렌부테롤 #아나볼릭스테로이드 #메디텍위니구입,#클렌부테롤구입, #스타노조롤구입, #아나볼릭스테로이드구입,#인슐린IGF #데카듀라볼린구입,#성장호르몬HGH구입 #프로바이론구입,#lg성선구입##성선 #성선구입,#에난,#에난구입, #이퀴구입,#윈스트롤구입 #케어트로핀,#케어트로핀구입 #유트로핀플러스구입 How are they taken? Steroids are taken in different ways, and the dosage may vary depending on the condition you have. The table below gives an idea of how often you might need to take steroids. You should always take medication as prescribed by the person treating you. Tablets, liquids and soluble tablets Usually once a day. Preferably in the morning. Either with or after food to prevent stomach problems. Creams and gels Usually once or twice a day for a few weeks. Your doctor might suggest taking them less often but for a longer period. Should only be used on affected areas of the skin. Eye drops and ointments May need to be taken regularly throughout the day. Usually one drop in each eye each time you take it. You will be given the lowest possible dose for the shortest possible time, to reduce the risk of side effects. Your dose will probably be reduced gradually as your symptoms improve, or your doctor might suggest a weaker medication. It’s important that you don’t stop taking steroids without speaking to the person treating you first. If you’ve taken steroid tablets for more than a few days, they can cause side effects known as withdrawal symptoms if you stop suddenly. You might be given a small dose, known as a maintenance dose, for a long time to make sure your symptoms don’t return.

It was then that I made the discovery that his talk created reverberations, that the echo took a long time to reach one's ears. I began to compare it with French talk in which I had been enveloped for so long. The latter seemed more like the play of light on an alabaster vase, something reflective, nimble, dancing, liquid, evanescent, whereas the other, the Katsimbalistic language, was opaque, cloudy, pregnant with resonances which could only be understood long afterwards, when the reverberations announced the collision with thoughts, people, objects located in distant parts of the earth. The Frenchman puts walls about his talk, as he does about his garden: he puts limits about everything in order to feel at home. At bottom he lacks confidence in his fellow-man; he is skeptical because he doesn't believe in the innate goodness of human beings. He has become a realist because it is safe and practical. The Greek, on the other hand, is an adventurer: he is reckless and adaptable, he makes friends easily. The walls which you see in Greece, when they are not of Turkish or Venetian origin, go back to the Cyclopean age. Of my own experience I would say that there is no more direct, approachable, easy man to deal with than the Greek. He becomes a friend immediately: he goes out to you. With the Frenchman friendship is a long and laborious process: it may take a lifetime to make a friend of him. He is best in acquaintanceship where there is little to risk and where there are no aftermaths. The very word ami contains almost nothing of the flavor of friend, as we feel it in English. C'est mon ami cannot be translated by "this is my friend." There is no counterpart to this English phrase in the French language. It is a gap which has never been filled, like the word "home." These things affect conversation. One can converse all right, but it is difficult to have a heart to heart talk.

restructurings; (c) taking trading risk positions in financial instruments to provide investment opportunities and liquidity for investing clients; (d) providing financing,

As of August 31, 2014, only 28% of AUM (asset under management) of all mutual funds in India is in equity, balanced and ELSS schemes, i.e. in high risky securities. Income funds (medium risk) have 46% of all AUM and liquid or money market funds (low risk) have about 24% of AUM. The remaining 2% of AUM is for investment in gold, government securities, overseas funds, etc. AUM is the total market value of all financial assets under a MF or a MF scheme managed on behalf of its clients or investors.

Before investing, an NRI needs to analyze the investment product, its features, expected return, terms of investment as well as his risk profile, objectives, time horizon, liquidity constraints, effect of investment on the total portfolio, taxation in India and in the resident country and any

I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity.

On September 12, in a report to the British parliament, Mervyn, without naming names, sharply criticized the ECB and the Fed. “The provision of such liquidity support . . . encourages excessive risk-taking, and sows the seeds of future financial crises,” he wrote. In other words, there would be no Bank of England put. Mervyn’s concern explained why the Bank of England had not joined the ECB and the Swiss National Bank in proposing currency swap agreements with the Fed. By the time of our September 18 announcement, however, Mervyn appeared to have changed his mind. On the day after our meeting, the Bank of England for the first time announced it would inject longer-term funds (10 billion pounds, or roughly $20 billion, at a three-month term) into British money markets. Later in the crisis I observed, “There are no atheists in foxholes or ideologues in a financial crisis.” Mervyn had joined his fellow central bankers in the foxhole.

Less than one percent. That’s how many we saved. But the arithmetic, though severe, is important. During the liquidation of the ghetto, 5,000 to 8,000 Jews were taken every day to Treblinka and murdered. During the entire war – more than five years – we saved only 2,500 children. The mathematics of rescue was also severe. To save one Jewish child, ten Poles and two Jews had to risk death. To betray that same child and the family that hid him required only one informer or, worse still, one blackmailer. The risk of being caught by the SS was not prison, but death – death for the entire family. “We all have to ask ourselves, ‘What would I have done?’ But understanding does not erase the regret I feel for my own insufficient efforts. Less than one percent. I agree with Wladyslaw Bartoszewski, one of the organizers of ZEGOTA, who said, ‘Only the dead have done enough.

You allowed the girl to stay just long enough to ensure that Gareth would become enchanted with her — then, when he annoyed you, as he inevitably would, you sent her away. How very cruel, my friend!  To use the poor girl to punish your brother!  But no. That is not like you to be so heartless. Thus, I can only conclude that you are up to something, though what it could be, I have yet to fathom."  He shot Lucien a sideways glance. "Are you certain she's the one Charles was so smitten with?" Lucien was sitting back, smiling and idly watching the musicians. "Dead certain." "And the child?" "The spitting image of her father." "And yet you sent them away."  Fox shook his head. "What were you thinking of?" The duke turned his head, raising his brows in feigned surprise. "My dear Roger. You know me better than that. Do you think I would actually banish them?" "'Tis what your sister told me when I arrived." 'Ah, but 'tis what I want my sister to believe," he countered, smoothly. "And my two brothers — especially, Gareth."  He sipped his port, then swirled the liquid in the glass, studying it reflectively. "Besides, Roger, if you must know, I did not send the girl away — I merely made her feel so awkward that she had no desire to remain." "Is there a difference?" "But of course. She made the decision to leave, which means she maintains both her pride and a small modicum of respect, if not liking for me — which I may find useful at a future date. Gareth thinks I sent her away, which means he is perfectly furious with me. The result? She leaves, and he chases after her, which is exactly what I wanted him to do."  He chuckled. "Oh, to be a fly on the wall when he finds her and the two of them discover my hand in all this..." "Lucien, your eyes are gleaming with that cunning amusement that tells me you're up to something especially Machiavellian." "Is that so? Then I fear I must work harder at concealing the obvious." Fox gave him a shrewd look. "This is most confusing, as I'm sure you intend it to be. You know the child is Charles's and yet you will not acknowledge her ... and this after Charles expressly asked you to make her your ward?" "Really, Roger. There is no need to make the child my ward when Gareth, in all likelihood, will adopt her as his daughter." The barrister narrowed his eyes. "You have some superior, ulterior motive that evades us mere mortals." "But of course," Lucien murmured yet again, lifting his glass and idly sipping its dark liquid. "And perhaps you can explain it to this mere mortal?" "My dear Fox. It is quite simple, really. Drastic problems call for drastic solutions. By sending the girl away, I have set in motion my plan for Gareth's salvation. If things go as I expect, he will stay so furious with me that he will not only charge headlong to her rescue — but headlong into marriage with her." "Bloody hell!  Lucien, the girl's completely ill-suited for him!" "On the contrary. I have observed them together, Fox. They compliment each other perfectly. As for the girl, what she lacks in wealth and social standing she more than makes up for in courage, resolve, common sense, and maturity. Gareth, whether he knows it or not, needs someone just like her. It is my hope that she will — shall I say — reform him." Fox shook his head and bit into a fine piece of Cheshire. "You're taking a risk in assuming Gareth will even find her." "Oh, he'll find her. I have no doubt about that."  Lucien gestured for a footman, who promptly stepped forward and refilled his glass. "He's already half in love with her as it is. Gareth is nothing if not persistent." "Yes, and he is also given to rashness, poor judgment, and an unhealthy appetite for dissolute living." "Indeed. And that, my dear Fox, is exactly what I believe the girl will cure him of.

No liquid investment alternatives with stable guaranteed principal values exist that can provide real returns by consistently beating the combined impact of inflation and income taxes.

By the end of 2008, however, the ingredients for a solid market recovery were in place. The over-levered funds that had received margin calls either raised additional capital, sold assets to de-lever as required, or liquidated. Funds and investment managers that received notices from investors desiring to withdraw at year-end either put up “gates” postponing withdrawals or completed the asset sales needed to meet them. The prices of debt securities reached a point where they implied yields so high that selling was unpalatable and buying became attractive. And, ultimately, market participants demonstrated that when negative psychology is universal and “things can’t get any worse,” they won’t. When all optimism has been driven out, and panicked risk aversion is everywhere, it becomes possible to reach a point where prices can’t go any lower. And when prices eventually stop going down, people tend to feel relief, and so the potential for a price recovery begins to arise.

The seeds of disaster had been planted years earlier with such measures as: the deregulation of the banks in the late 1990s; the push to increase home ownership, which encouraged lax mortgage standards; historically low interest rates, which created a liquidity bubble; and the system of Wall Street compensation that rewarded short-term risk taking. They all came together to create the perfect storm.

The Global Financial Crisis of 2007–08 represented the greatest financial downswing of my lifetime, and consequently it presents the best opportunity to observe, reflect and learn. The scene was set for its occurrence by a number of developments. Here’s a partial list: Government policies supported an expansion of home ownership—which by definition meant the inclusion of people who historically couldn’t afford to buy homes—at a time when home prices were soaring; The Fed pushed interest rates down, causing the demand for higher-yielding instruments such as structured/levered mortgage securities to increase; There was a rising trend among banks to make mortgage loans, package them and sell them onward (as opposed to retaining them); Decisions to lend, structure, assign credit ratings and invest were made on the basis of unquestioning extrapolation of low historic mortgage default rates; The above four points resulted in an increased eagerness to extend mortgage loans, with an accompanying decline in lending standards; Novel and untested mortgage backed securities were developed that promised high returns with low risk, something that has great appeal in non-skeptical times; Protective laws and regulations were relaxed, such as the Glass-Steagall Act (which prohibited the creation of financial conglomerates), the uptick rule (which prevented traders who had bet against stocks from forcing them down through non-stop short selling), and the rules that limited banks’ leverage, permitting it to nearly triple; Finally, the media ran articles stating that risk had been eliminated by the combination of: the adroit Fed, which could be counted on to inject stimulus whenever economic sluggishness developed, confidence that the excess liquidity flowing to China for its exports and to oil producers would never fail to be recycled back into our markets, buoying asset prices, and the new Wall Street innovations, which “sliced and diced” risk so finely, spread it so widely and placed it with those best suited to bear it.

Zygmunt Bauman says that liquid modernity compels us to refuse stability because it’s a fool’s game. “The hub of postmodern life strategy is not identity building but avoidance of fixation,” he writes.5 In Bauman’s pitiless analysis, to succeed today, you need to be free of all commitments, unbound by the past or the future, living in an everlasting present. The world changes so quickly that the person who is loyal to anything, even to her own identity, takes an enormous risk. Instead of believing that structure is good and that duties to home and family lead us to live rightly, people today have been tricked by liquid modernity into believing that maximizing individual happiness should be the goal of life. The gyrovague, the villain of Saint Benedict’s Rule, is the hero of postmodernity.

In July 2018, a safety crisis rocked the global drug supply—and seemed to prove Baker’s point. Regulators in Europe announced a harrowing discovery: the widely used active ingredient for valsartan, a generic version of the blood pressure drug Diovan, contained a cancer-causing toxin known as NDMA (once used in liquid rocket fuel). The drug had been made by the Chinese company Zhejiang Huahai Pharmaceuticals, the world’s largest manufacturer of valsartan active ingredients. In the United States, over a dozen drug manufacturers, all of which used the Chinese ingredient, recalled their products, as did dozens more manufacturers around the world. The Chinese company tried to defend itself by explaining that it had altered its production process in 2012 to increase yields of the drug, a change that had been approved by regulators. In short, the change had been made to maximize profit. Some patients had been consuming the toxin for six years. As the FDA tried to reassure consumers that the risk of developing cancer, even from daily exposure to the toxin, was extremely low, a second cancer-causing impurity was detected in the ingredients. Though the valsartan catastrophe seemed to take the FDA by surprise, it shouldn’t have. In May 2017, an FDA investigator had found evidence at the plant in Linhai, China, that the company was failing to investigate potential impurities in its own drugs, which showed up as aberrant peaks in its test results. The investigator designated the plant as Official Action Indicated, but the agency downgraded that to VAI. In short, the company was let off the hook—only to wind up in the middle of a worldwide quality scandal less than a year later. By

In the domain of telling stories, a gesture homologous to translation would be a change in the plot of the original narrative which makes us think 'it is only now that we really understand what the story is about.' This is how we should approach numerous recent attempts to stage some classical opera by not only transposing its action into a different (most often contemporary) era, but also by changing some basic facts of the narrative itself. There is no a priori abstract criterion which would allow us to judge its success of failure: each such intervention is a risky act and must be judged by its own immanent standards. Such experiments often ridiculously misfire - however, not always, and there is no way to tell in advance, so one has to take the risk. Only one thing is certain: the only way to be faithful to a classic work is to take such as risk - avoiding it, sticking to the the traditional letter, is the safest way to betray the spirit of the classic. In other words, the only way to keep a classical work alive is to treat it as 'open', pointing towards the future, or, to use the metaphor evoked by Walter Benjamin, to act as if the classic work is a film for which the appropriate chemical liquid to develop was invented only later, so that it is only today that we can get the full picture. In both these cases, that of translation and that of (re)telling stories, the result is thus the same: instead of the original and its translation (or re-telling), both versions are conceived as fragmentary variations of an impossible Idea which can only be discerned by way of bringing out all its variations.

Curbing the financial sector. Since so much of the increase in inequality is associated with the excesses of the financial sector, it is a natural place to begin a reform program. Dodd-Frank is a start, but only a start. Here are six further reforms that are urgent: (a) Curb excessive risk taking and the too-big-to-fail and too-interconnected-to-fail financial institutions; they’re a lethal combination that has led to the repeated bailouts that have marked the last thirty years. Restrictions on leverage and liquidity are key, for the banks somehow believe that they can create resources out of thin air by the magic of leverage. It can’t be done. What they create is risk and volatility.2 (b) Make banks more transparent, especially in their treatment of over-the-counter derivatives, which should be much more tightly restricted and should not be underwritten by government-insured financial institutions. Taxpayers should not be backing up these risky products, no matter whether we think of them as insurance, gambling instruments, or, as Warren Buffett put it, financial weapons of mass destruction.3 (c) Make the banks and credit card companies more competitive and ensure that they act competitively. We have the technology to create an efficient electronics payment mechanism for the twenty-first century, but we have a banking system that is determined to maintain a credit and debit card system that not only exploits consumers but imposes large fees on merchants for every transaction. (d) Make it more difficult for banks to engage in predatory lending and abusive credit card practices, including by putting stricter limits on usury (excessively high interest rates). (e) Curb the bonuses that encourage excessive risk taking and shortsighted behavior. (f) Close down the offshore banking centers (and their onshore counterparts) that have been so successful both at circumventing regulations and at promoting tax evasion and avoidance. There is no good reason that so much finance goes on in the Cayman Islands; there is nothing about it or its climate that makes it so conducive to banking. It exists for one reason only: circumvention. Many

Few industries have enough cash to cover their debt without having to count on selling inventory or converting receivables to cash.   A healthy cash ratio is considered to be between 0.5 and 1.   Liquidity ratios are helpful way to measure if a company is at risk of not being able to pay its debt. However, some critics point out that those ratios are past-oriented and cannot predict future cash problems.   Also, such ratios can be misleading because of creative accounting practices (a topic we will cover later on), especially because accounts receivable might be inflated or inventory could be wrongly estimated.

Investors still need to ask, how stable is the enterprise, and what are its future prospects? What are its earnings and cash flow? What is the downside risk of owning it? What is its liquidation value? How capable and honest is its management? What would you pay for the stock of this company if it were public? What factors might cause the owner of this business to sell control at a bargain price? Similarly, the pair never addressed how to analyze the purchase of an office building or apartment complex. Real estate bargains come about for the same reasons as securities bargains—an urgent need for cash, inability to perform proper analysis, a bearish macro view, or investor disfavor or neglect. In a bad real estate climate, tighter lending standards can cause even healthy properties to sell at distressed prices. Graham and Dodd’s principles—such as the stability of cash flow, sufficiency of return, and analysis of downside risk—allow us to identify real estate investments with a margin of safety in any market environment.

He padded his training with substances to improve his abilities, though he was hardly the only one. Strychnine stimulated muscle activity. Nitroglycerine improved his breathing, though it risked hallucinations and exhaustion. Ether deadened his pains, even while he rode, one hand removed from the handlebars, a handkerchief lifted to his face. It was tolerated by everyone—pharmaceutical companies advertised in l’Auto, and the drugs were freely given out by team trainers. Henri rubbed chloroform against his gums and dropped liquid cocaine into the corners of his eyes.

Risk management then required that it sell off liquid stock positions in their portfolio that might, up to that point, be unaffected by the subprime debacle.

After all, the Fed has driven down rates with the intention of encouraging investors to take on more risk. Yet those who embrace low yields, poor credits, thin liquidity and even currency mismatches today may discover, when market conditions deteriorate, that the modest yield pick-up proves poor compensation for future losses. Mr. Piketty can rest easy. In an age when risk-free assets yield little or nothing, the determination of the wealthy to earn somewhat more will, in due course, do more to restore equality than his proposed taxes. A free market solution to a political problem–who says capitalism is failing?

In the realm of financial markets, volatility is an inherent characteristic. Prices of stocks, commodities, and other securities can experience significant fluctuations within short periods. To manage such volatility and protect the interests of investors, circuit breakers are implemented. These circuit breakers impose upper and lower limits on price movements, which temporarily halt trading. In this blog post, we will explore the concept of upper and lower circuit limits, their purpose, and how they impact the functioning of financial markets. Defining Upper and Lower Circuit Limits Upper and lower circuit limits are predetermined price thresholds that trigger temporary trading halts. These limits are set by exchanges or regulatory bodies to prevent extreme price movements and provide stability to the market. When the price of a security reaches or breaches the upper or lower circuit limit, trading is paused for a specified period. This allows market participants to reevaluate their positions and absorb the information driving the price volatility. The Purpose of Circuit Breakers: The primary objective of circuit breakers is to safeguard the financial markets from excessive price volatility and potential panic selling or buying. These mechanisms help prevent extreme price movements that could be detrimental to market stability and investor confidence. By temporarily halting trading, circuit breakers provide a cooling-off period, allowing participants to assess new information and avoid making impulsive decisions. Moreover, circuit breakers ensure orderly trading and prevent the market from being dominated by high-frequency trading strategies that thrive on short-term price fluctuations. They offer investors an opportunity to reassess their strategies and risk exposure, reducing the likelihood of knee-jerk reactions based on short-term market movements. Understanding the Upper Circuit Limit : The upper circuit limit represents the maximum price movement permitted for security within a trading session. When the price of a security reaches or surpasses the upper circuit limit, trading in that security is halted. The upper circuit limit aims to prevent excessive speculative buying and provides a pause for market participants to analyze the new information or demand driving the price surge. During the trading halt, market participants can evaluate the situation, adjust their strategies, and determine whether to buy, sell, or hold the security when trading resumes. The duration of the halt varies depending on the exchange or regulatory body and is typically predetermined. Understanding the Lower Circuit Limit: Conversely, the lower circuit limit represents the minimum price movement allowed for security. When the price of a security falls to or breaches the lower circuit limit, trading is halted. The lower circuit limit is designed to prevent panic selling and provides market participants with an opportunity to reassess their positions. Similar to the upper circuit limit, the duration of the trading halt triggered by a lower circuit limit breach is typically predetermined. During this time, investors can evaluate the reasons behind the price decline, analyze market conditions, and make informed decisions. Impact of Circuit Breakers on Financial Markets: Circuit breakers play a crucial role in maintaining market stability, particularly during periods of heightened volatility and uncertainty. By temporarily halting trading, they allow time for market participants to process new information, reassess their positions, and avoid making impulsive decisions based on short-term price movements. Circuit breakers also facilitate the restoration of liquidity in the market. When trading is halted, market makers and other participants have an opportunity to recalibrate their pricing and liquidity provision strategies, which can help smooth out price discrepancies and enhance market efficiency.

2. Don’t trade penny stocks. A penny stock is any stock that trades under $5. Unless you are an advanced trader, you should avoid all penny stocks. I would extend this by encouraging you to also avoid all stocks priced under $10. Even if you have a small trading account ($5,000) or less, you are better off buying fewer shares of a higher-priced stock than a lot of shares of a penny stock. That is because low-priced stocks are most often associated with lower quality companies. As a result, they are not usually allowed to trade on the NYSE or the Nasdaq. Instead, they trade on the OTCBB ("over the counter bulletin board") or Pink Sheets, both of which have much less stringent financial reporting requirements than the major exchanges do. Many of these companies have never made a profit. They may be frauds or shell companies that are designed solely to enrich management and other insiders. They may also include former “blue chips” that have fallen on hard times like Eastman Kodak or Lehman Brothers. In addition, penny stocks are inherently more volatile than higher-priced stocks. Think of it this way: if a $100 stock moves $1, that is a 1% move. If a $5 stock moves $1, that is a 20% move. Many new traders underestimate the kind of emotional and financial damage that this kind of volatility can cause. In my experience, penny stocks do not trend nearly as well as higher-priced stocks. They tend to be more mean-reverting (Mean reversion occurs when a stock moves up sharply from its average trading price, only to fall right back down again to its average trading price). Many of them are eventually headed to zero, but they are still not good short candidates. Most brokers will not let you short them. And even if you do find a broker who will let you short a penny stock, how would you like to wake up to see your penny stock trading at $10 when you just shorted it at $2 a few days before? I learned that lesson the hard way. It turned out that I was risking $8 to make $2, which is not a good way to make money over the long term. To add injury to insult, a penny stock might appear to be liquid one day, and the next day, the liquidity dries up and you are confronted by a $2 bid/ask spread. Or the bid might completely disappear. Imagine owning

The primary advantages of option selling are: •  An investor can make money whether the stock market goes up or down; it makes no difference. •  There is low, controllable risk. •  It is easy to predict the outcome of each trade. •  There is high liquidity by selling or buying at any time. •  There are high yields per week or month. •  Sellers of options have time value on their side.

Market participants willing to accept illiquidity achieve a significant edge in seeking high risk-adjusted returns. Because market players routinely overpay for liquidity, serious investors benefit by avoiding overpriced liquid securities and by embracing less liquid alternatives.

Full of clear liquid. “Calling me names isn’t going to stop me from using the Horn.” Hunt’s breath sawed through his chest. Micah advanced on her. “The Horn’s remnants are now embedded in your flesh. When I inject you with synth, the healing properties in it will target and fix whatever it finds to be broken. And the Horn will again be whole. Ready for me to learn if it works at last.” “You’d risk opening a portal to another fucking world in the middle of Crescent City,” she spat, inching farther away, “just to learn if it works?” “If I am correct, the benefits shall far outweigh any casualties,” Micah answered mildly as a bead of liquid gleamed on the syringe’s tip. “Too bad you will not survive the synth’s side effects in order to see for yourself.

Yes, Repo rates are observable, liquid, and can be published. However, they are a risk-free rate which doesn't capture the credit spread. Repo rates could never fully represent bank funding costs. During the time a Repo rate replacement was being discussed, it was discussed at an FOMC meeting and once the FOMC minutes were published, it was clear Repo was not in the running. The hunt for the LIBOR replacement continued through 2018, when the Fed’s Alternative Reference Rates Committee finally announced their new rate. The new rate was called the Secured Overnight Funding Rate, or SOFR for short.

He padded his training with substances to improve his abilities, though he was hardly the only one. Strychnine stimulated muscle activity. Nitroglycerine improved his breathing, though it risked hallucinations and exhaustion. Ether deadened his pains, even while he rode, one hand removed from the handlebars, a handkerchief lifted to his face. It was tolerated by everyone—pharmaceutical companies advertised in l’Auto, and the drugs were freely given out by team trainers. Henri rubbed chloroform against his gums and dropped liquid cocaine into the corners of his eyes. He avoided alcohol due to its lingering effects the next day, but in that year’s Tour, it was unclear what the state of drinking water would be in cities closer to the front.

The second method of business valuation analyzes liquidation value, the expected proceeds if a company were to be dismantled and the assets sold off. Breakup value, one variant of liquidation analysis, considers each of the components of a business at its highest valuation, whether as part of a going concern or not.

At times a particular method may stand out as the most appropriate. Net present value would be most applicable, for example, in valuing a high-return business with stable cash flows such as a consumer-products company; its liquidation value would be far too low. Similarly, a business with regulated rates of return on assets such as a utility might best be valued using NPV analysis. Liquidation analysis is probably the most appropriate method for valuing an unprofitable business whose stock trades well below book value. A closed-end fund or other company that owns only marketable securities should be valued by the stock market method; no other makes sense.

Understanding Financial Risks and Companies Mitigate them? Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital. Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers. Here's how to mitigate risks in financial corporates:- ● Keeping track of Business Operations Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses. ● Stocking up Emergency Funds Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses. ● Taking Data-Backed Decisions Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks. Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations. What are the Financial Risks Involved in Corporations? Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks. Financial risk management is the pinnacle of the financial world and incorporates the following risks:- ● Market Risk Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others. Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses. ● Credit Risk Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest. Credit risk arises when a borrower falters to make the payment owed to them. ● Liquidity Risk Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run. Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market. ● Operational Risk Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures. Key Takeaway The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.

Here are a few notable things that can spark inflammation and depress the function of your liver: Alcohol overload—This is relatively well-known. Your liver is largely responsible for metabolizing alcohol, and drinking too much liquid courage can send your liver running to cry in a corner somewhere. Carbohydrate bombardment—Starches and sugar have the fastest ability to drive up blood glucose, liver glycogen, and liver fat storage (compared to their protein and fat macronutrient counterparts). Bringing in too many carbs, too often, can elicit a wildfire of fat accumulation. In fact, one of the most effective treatments for reversing NAFLD is reducing the intake of carbohydrates. A recent study conducted at KTH Royal Institute of Technology and published in the journal Cell Metabolism had overweight test subjects with high levels of liver fat reduce their ratio of carbohydrate intake (without reducing calories!). After a short two-week study period the subjects showed “rapid and dramatic” reductions of liver fat and other cardiometabolic risk factors. Too many medications—Your liver is the top doc in charge of your body’s drug metabolism. When you hear about drug side effects on commercials, they are really a direct effect of how your liver is able to handle them. The goal is to work on your lifestyle factors so that you can be on as few medications as possible along with the help of your physician. Your liver will do its best to support you either way, but it will definitely feel happier without the additional burden. Too many supplements—There are several wonderful supplements that can be helpful for your health, but becoming an overzealous natural pill-popper might not be good for you either. In a program funded by the National Institutes of Health, it was found that liver injuries linked to supplement use jumped from 7 percent to 20 percent of all medication/supplement-induced injuries in just a ten-year time span. Again, this is not to say that the right supplements can’t be great for you. This merely points to the fact that your liver is also responsible for metabolism of all of the supplements you take as well. And popping a couple dozen different supplements each day can be a lot for your liver to handle. Plus, the supplement industry is largely unregulated, and the additives, fillers, and other questionable ingredients could add to the burden. Do your homework on where you get your supplements from, avoid taking too many, and focus on food first to meet your nutritional needs. Toxicants—According to researchers at the University of Louisville, more than 300 environmental chemicals, mostly pesticides, have been linked to fatty liver disease. Your liver is largely responsible for handling the weight of the toxicants (most of them newly invented) that we’re exposed to in our world today. Pesticides are inherently meant to be deadly, but just to small organisms (like pests), though it seems to be missed that you are actually made of small organisms, too (bacteria

What is an IDO? How can IDO be attacked? The IDO is portrayed as the replacement for fundraising models like ICO, STO, and IEO as it provides greater liquidity for crypto assets and more fast, transparent, and equitable trading. IDO is one of many inventive ways for raising funds. However,the Initial Coin Offering (ICO), was the first method of raising funds in the cryptocurrency industry and it caused a lot of controversy in 2017. Just about any ICO project could offer huge returns, and many did. Many ICO ventures turned out to be illusions or, worse, scams in an effort to make easy money. They also damaged the reputation of the cryptocurrency market and discouraged many potential new investors from joining. To know more about ICO read-Evaluating ICOs: Importance of Soft Cap and Hard Cap Decentralized finance (DeFi) uses several fundraising strategies to try to solve this issue. The IDO model is one such example. Crypto investors now have access to a different, more inclusive crowdfunding model due to DEXs. However, hacking assaults can cause significant financial and reputational harm during the Initial Dex Offerings (IDOs). This is why token issuers should prioritize protection against these sorts of assaults. Preventative interventions allow for the reduction of the hazards associated with these assaults. In order to understand how these hacking attacks pose a risk to an IDO's reputation, we must first understand how an IDO works. How does an IDO work? The decentralized exchange is used by an IDO to carry out the token sale. The DEX receives tokens from a cryptocurrency project, customers deposit money through the platform, and DEX handles the ultimate distribution and transfer. The blockchain's smart contracts enable this automated operation. The IDO regulations follow these standard methods. After the screening process, they approve a project to run on an IDO, and after they issue a supply of tokens for a fixed price, the users can lock their money in exchange for these tokens. To be included in the investor whitelist, you must do marketing activities, or you can provide your wallet address.

Everyone who liquidates at the bottom of the market is quick to rationalize, ironically, that they decided to prevent further losses.

2008 was a reminder that it really matters to care about liquidity and correlation, that it matters to worry about a large range of risk indicators rather than just one, that counterparty risk is important, that your balance sheet is important. Most of these lessons are as old as the hills, which is why I really cannot understand all this talk about black swans. When the same thing happens over and over again, how can you be surprised? “Black swan” may have become the most confusing phrase in markets. Nassim Taleb's recent use of the term is commonly understood to denote an unlikely and unforeseeable event, but this is not the main story of 2008. I saw a crisis as highly likely given people's beliefs and behaviors. Many people seem to use the “black swan” idea to reassure themselves when some bad things happened that they did not expect. They use it to claim that it was not their fault, which I do not think was Taleb's meaning. Too often, people use it to avoid taking responsibility for their actions by claiming the events—and their losses—in 2008 were unforeseeable, whereas in fact their hypothesis of how markets worked was just disproved. The other hypotheses always existed. The metaphor of the black swan is of course an old one and was used by Karl Popper in the 1930s to illustrate the fallacy of induction. It is an example of something that can falsify a hypothesis. If you have a hypothesis that all swans are white, a single black swan falsifies that hypothesis. In this usage, the existence of a black swan is of course neither unforeseeable nor even a low probability event, since hypotheses are falsified all the time.

By contrast, in a liquidity crisis only one creditor can save the debtor: the government. There is no competitive market that offers emergency loans during a liquidity crisis. This means that the government can dictate terms. It can also neglect the interests of other stakeholders or discriminate among them for political reasons. The risk of abuse is far higher than it is in a normal bankruptcy.

The capitalist-investor class experiences a tremendous loss of “real” wealth during depressions because the value of their investment portfolios collapses (declines in equity prices are typically around 50 percent), their earned incomes fall, and they typically face higher tax rates. As a result, they become extremely defensive. Quite often, they are motivated to move their money out of the country (which contributes to currency weakness), dodge taxes, and seek safety in liquid, noncredit-dependent investments (e.g., low-risk government bonds, gold, or cash).

Eckhardt witnessed many systematic traders spending great deal of time searching for the “good” places to enter. He cautioned against it: “It just seems to be part of human nature to focus on the most hopeful point of the trading cycle. Our research indicated that liquidations are vastly more important than initiations. If you initiate purely randomly, you do surprisingly well with a good liquidation criterion.”11 Dennis actually challenged the Turtles to randomly enter the market and then manage their trades after getting in. That was a real Zen moment for many Turtles. If they applied appropriate risk management, they could handle the worst that came down the pike once they were in any trade.

In other words, it is not in craving after ready-made, complete and finished things that love finds its meaning – but in the urge to participate in the becoming of such things. Love is akin to transcendence; it is but another name for creative drive and as such is fraught with risks, as all creation is never sure where it is going to end.

The securities lending business boils down to one concept: exchanging a security that someone needs for a different security or cash. The business is driven by the need of the dealer community to cover short positions, be it in stocks, Treasurys, agencies, corporate bonds, ADRs, or even ETFs. When a dealer is looking to cover a short position, they first check what are colloquially known as the “sec lenders.” The securities lending group will pull the security out of the end-user portfolio and lend it into the Repo market. When a securities lending group loans a security, they either receive cash or bonds in return. If they receive cash, they reinvest the cash. If they receive a bond, they earn a fee on the spread between where they loan the bond and borrow the other. In the case of cash, they need to invest it. They need an investment that generates a sufficient return to make the business viable, yet, at the same time, without taking too much risk. The safest and easiest way to invest is in overnight Treasury repo. The problem is that there’s very little profit lending a Treasury and reinvesting in a Treasury. In order to enhance returns, the securities lending groups take some risk. It’s not necessarily a lot of risk, but increasing returns involves increasing risk. It can be either interest rate risk, credit risk, or liquidity risk. Technically a combination of all three is possible, too, but that’s pretty dangerous. The yield curve is upward sloping most of the time, so investing for a longer period of time generally generates a higher yield. Let’s say the overnight rate is 2.00%, the one-month rate is 2.05%, and the three-month rate is at 2.15%. Instead of reinvesting cash overnight, there’s an extra 15 basis points for investing for three months. Since the end-investor clients usually hold their bonds to maturity, there’s only a small chance they will sell a bond during that three-month period. On top of that, the securities lending groups run multi-billion dollar portfolios, so they can ladder their investments.

The third form of risk, liquidity risk, is often overlooked because investors usually don’t know they have it. It’s the type of risk that’s the worst-case scenario in a market panic or crisis. If there’s any sign of trouble, these securities are hard to sell. There’s no liquidity. No market. All of the bids disappear, and no one wants the securities. The owner might be stuck with the securities until maturity or until the crisis is over.

Back then, when a businessman mentioned the word, it meant he was willing to purchase a specific good. But when I said it, it meant I was a buyer of any merchandise that came my way. Like all strong people, I had only one thought in my head, and of that I lived, and that was my fortune. Mr. Olivi was not in Trieste, but there’s no doubt he would not have allowed such risks and would have left them for someone else. Instead, for me it wasn’t a risk. I happily knew how it would turn out full well. In the beginning, I started converting all my wealth into gold, according to age-old customs for times of war. But it was hard to buy and sell gold. Liquid gold, as it is referred to because it’s easier to move, became my business and I stockpiled it. From time to time, I make some sales, but always of a lesser amount than what I buy. Since I started at the right time, my purchases and my sales have been so fruitful that the latter provided the great means I needed for the former. I remember with

Even when beautifully maintained mammoth carcasses that are pulled out of frozen Siberian soils ooze with liquid resembling blood, the cells that scientists recover have always been damaged.

Later, back in the lab, Roy Weber, a professor in the Department of Bioscience at Aarhus University, spins the liquid in a vial to run tests on it, allowing him to see that the dark liquid was indeed full of red blood cells. But they had all broken open and released their hemoglobin—the molecule that carries oxygen in blood—out into the slurry.