{"id":29004,"date":"2012-05-14T08:46:19","date_gmt":"2012-05-14T12:46:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29004"},"modified":"2012-05-14T08:46:19","modified_gmt":"2012-05-14T12:46:19","slug":"%e2%80%9ceverything-is-a-hedge%e2%80%9d","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/%e2%80%9ceverything-is-a-hedge%e2%80%9d.html","title":{"rendered":"\u201cEverything is a Hedge\u201d"},"content":{"rendered":"<p>The Big Picture &#8211; The claim is being made that JP Morgan\u2019s $2 billion trading loss was in a trade that was a \u201ca hedge.\u201d It doesn\u2019t take much review to easily disprove that position.<\/p>\n<p>We first learned of this particular trade when they began to distort credit indices. Any trade so huge that it impacts its markets \u2013 that becomes the market \u2013 cannot be credibly thought of as a hedge. Simply stated, once you are the market, you are no longer a hedge. Sheer size of this trade makes it far more accurate to describe this as speculation than hedge.<\/p>\n<p><a href=\"http:\/\/www.ritholtz.com\/blog\/2012\/05\/everything-is-a-hedge\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Big Picture &#8211; The claim is being made that JP Morgan\u2019s $2 billion trading loss was in a trade that was a \u201ca hedge.\u201d It doesn\u2019t take much review to easily disprove that position. We first learned of this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29004","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29004"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29004\/revisions"}],"predecessor-version":[{"id":29006,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29004\/revisions\/29006"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}