And I can race through these and save a lot of time because Yves and I obviously didn't compare notes.

It means betting against an asset with borrowed money in the expectation of making a profit when its value goes down.

Such bias has discouraged Chinese capital from making bigger bets on Europe.

Moreover, the recent municipal elections in Iran have shown that betting on diplomacy and a transformation of Iran from within is a realistic option.

LONDON Shorting is a tactic well known among the financial cognoscenti. It means betting against an asset with borrowed money in the expectation of making a profit when its value goes down.

But what of the future? The recent rise in long term interest rates is just the beginning of an increase that will punish investors who are seeking extra yield by betting on long term bonds.

For 62 years, from 1945 2007, with some sharp but temporary and regionalized interruptions, entrepreneurs and enterprisers could bet that the demand would be there if they created the supply.

And it lay precisely in that insatiable curiosity, that irrepressible desire to know, no matter what the subject, no matter what the cost, even at a time when the keepers of the Doomsday Clock are willing to bet even money that the human race won't be around to imagine anything in the year 2100, a scant 93 years from now.

Nevertheless, a dispassionate observer might point out that for someone with limited resources and opportunities for policy reform to keep betting double or nothing on neo liberalism is a strategy that has a well deserved name Gambler s Ruin.

Implicit in this definition is a suggestion about why it is so difficult for smart money to profit by betting against bubbles the psychological contagion promotes a mindset that justifies the price increases, so that participation in the bubble might be called almost rational.

Nevertheless, a dispassionate observer might point out that for someone with limited resources and opportunities for policy reform to keep betting double or nothing on neo liberalism is a strategy that has a well deserved name Gambler s Ruin.

NEW YORK Economic pundits, almost without exception, are predicting a stronger dollar in 2015 an expectation that is leading investors to place some very large bets. But that market strategy could turn out to be a very large mistake.

Given the risk inherent in betting on policy convergence, labor mobility which enables highly valuable human capital, especially well educated young people, to leave lagging regions for those that offer more and better employment opportunities could prove to be a critical tool for adjustment.

But Chinese money has been viewed with suspicion in Europe, reflecting fears that China has a hidden political agenda. Such bias has discouraged Chinese capital from making bigger bets on Europe.