On the recordNovember 19, 2014
Now, we are going to spend some time talking about LME warrants, queues, and so I want to explain this as clearly as I can.
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Levin introduces a discussion on LME warrants and their implications.
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Nov 19, 2014
You say they had the freedom to break the contract. You entered a contract which, if they lived up to it, required them to move, sometimes a few hundred feet, their metal to another Metro warehouse.
Nov 19, 2014
Well, when you look at their chart, that big line jump right there, is when there was a whole bunch of cancellations of warrants.
Nov 19, 2014
If you can say there is no correlation between premium and the length of the queue, then you are in a very different mathematical world than most of the mathematicians that look at this.
Nov 19, 2014
If they chose to live up to a contract, do not most people you deal with honorably live up to their contract?
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