In their 2019 book, The Rise of Carry, Tim Lee, Jamie and Kevin Coldiron proposed that the financial markets are subject to a ‘carry regime’ in which dominant transaction is carry trade - trades short volatility, leveraged, liquidity providing, prone long periods positive returns interspersed with dramatic crashes. rise this regime has been supported (perhaps unwittingly) by governments central...

Abstract We provide the first systematic asset pricing analysis of one main safe categories, repurchase agreement (repo). Based on temporal and cross-sectional variation in short-term rates, we form a carry that, together with market factor, prices these near-money assets linear model. The depicts heterogeneity nonpecuniary convenience yields collateral increases safety premium liquidity reflec...

The meteorological and sanitary conditions which favor the outbreak and progress of cholera have in many ways a similar influence in fostering and spreading flies. The peculiarities with regard to localisation and movement which have been recorded in some epidemics of cholera are, to my mind, explicable only by assuming the presence in the air of some animal capable of purposive movements and c...

An overview of recent results with CLAS is presented with emphasis on the nucleon resonance program and related topics.

Several studies have demonstrated that affective states influence the number of associations formed between remotely related concepts. Someone in a neutral or negative affective state might draw the association between cold and hot, whereas someone in a positive affective state might spontaneously form the more distant association between cold and sneeze. Could the reverse be true, that generat...