2015 Was The Year Of The Fat Tail
Quants we are looking at you…
Citi: 2015 was the Year of the fat tail, of events that should happen every 100,000 years or whatever:
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Pretty common for the tail wagging the dog these days. Now that we know that the Fed manipulates risk, and price of assets, according to BAC, we can see a whole lot of tails emerging.