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In MG, the underlyings were short positions in long-term forward contracts to deliver oil. The hedge was a stack-and-roll hedge: long positions in short-term futures contracts that were rolled over consecutively. The strategy depended on the continuation of (i) stable or gently increasing spot oil prices and (ii) backwardation
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There are many videos of air crashes on YouTube. Sadly, they all have heavy metal sound tracks. I wanted to try to show, just a little, how tragic most of these crashes are.
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Well, you asked for it. This is simply the most pathetic game of the 32-bit era. I'd rather play Burger Time for hours on end than play one minute of this game ever again.
