you can check out more about catastrophe bonds at his website artemis dot b.m. and still ahead it has been one year since the f. lobel collapse but what has changed will delve into that after the break but first your closing market numbers. are the six america votes for its next president. who take the wheel as the u.s. drives into the future. get the news the mainstream misses with a close election rich the us election up close. and dot com you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm charged welcome to the big picture. we speak your language. news programs and documentaries in spanish matters to you breaking news a little tentative angles kidneys stories. you hear. live all teach spanish find out more visit i. pledge mission and free liquid intake should free transport charges free arrangement free risk free studio time free flowing free blog plug in video for your media projects a free media

you can check out more about catastrophe bonds at his website artemis dot b. . and still ahead it has been one year since the f. lobel collapse but what has changed we'll delve into that after the break but first your closing market numbers. well. thanks for technology innovation all the lives developments around russia we've got the future covered. me is eat. at least. six. wealthy british. that's not on the title. market why not. find out what's really happening to the global economy with my cars or there are no holds barred look at the global financial headlines tune in to the report on our. blog. go to alabama. the be. welcome back as u.s. markets reopened today after two days closed for sandy a weather related closure of a length not seen since that eighteen hundred it's further the question of why the markets really shut down here's the way it was posed to terence duffy of the c.m.e. on bloomberg. if we look at the scandals the problems that have gone on over the last year whether it's knight capital peregrine and the global bat the facebook deal so many i

bad for victims is it also bad for some investors we'll talk to steve evans of artemis about catastrophe bonds and why the hunt for yield is growing this market and an ad for the tallest building support for whaling research these are probably not the ways japan's taxpayers were thinking the government would spend earthquake and tsunami reconstruction funds but that's what a widely reported audit found we'll talk disaster relief let's get to today's capital account. superstorm sandy has flooded streets boys holmes and buildings caused power outages fire's devastation including the loss of dozens of lives in the us this is according to reports much of this all has occurred in new york the largest city in the united states now those in the business of trying to put a dollar figure on the economic damage of sandy put the loss at up to twenty billion dollars according to aqua caton i should mention these numbers are still very preliminary they estimate five to ten billion dollars of that amount i cited is expected to be insured losses so that also means a loss for the insurance industry and

turkey so here to talk about what you need to know about volatility is chris cole managing partner of artemis capital management fund and this is his specialty so first thank you so much for being on the show we saw you and jim grant's conference you were amazing so thanks for being in our l.a. studio thank you it's a great honor to be here today oh it's an honor well that's so nice to say you're flattering me ok so let's start with the vix because we hear so much about the vix is the gauge of volatility for the stock market we hear about how low it is and some investors say this is a sign of complacency but when we're talking to you to establish this what is the volatility quite simply. well you know it's interesting when you look at how people talk about volatility they define it using the vix index and that's how the media likes to define volatility but the vix index only measures the implied volatility a one month options on the s. and p. five hundred so that's analogous to may be the one year u.s. treasury but there is a yield curve out there we have treasuries going all the way out to t

he consults and writes about catastrophe bonds of risk transfer and more artemis dot b.m. and he's going to tell us all about it so first of all thank you so much for being on the show welcome to capital account.

you can check out more about catastrophe bonds at his website artemis dot b. . and still ahead it has been one year since the f. lobel collapse but what has changed we'll delve into that after the break but first your closing market numbers. government no longer represents the. the people we're going to start. with. but. the way our economic system currently. in the. morning. we both agree we agree we need to bring the tax reach down and i still. the same as the president did. you agree let's come back to something the president and the two you agree that the voters have a choice when you. vote for what romney and obama agree on so many things you do have other options come november sixth this is the second round of debates between the major third party candidates right here on our team. to build a new. mission to teach music creation. this is why you should care only. an issue free cretaceous free transport charge is free. maintenance free is free. free. download free broadcast. free. download the official. language stream quality and enjoy your favorite. t.v.

dollar and its role let's bring back in chris called managing partner of artemis capital management fund to help us discern that so chris now i know that you're not a credit in currency x. very not expecting you to be but my question is for the average investor that with this increase correlation if they weren't sophisticated and they didn't want to get into complex derivatives or something could they just buy the u.s. dollar index if they wanted to hedge against volatility you know that's a really excellent point i mean you can get really creative in the way that you're looking at hedging your portfolio nowadays so in some ways if you're looking to get exposure to volatility just by increasing your exposure to the dollar index that might be one way to actually. create a synthetic hedge for an equity portfolio absolutely how do you know there we go and our viewers can see that chart again because it was an interesting one and now you're saying also that the role that the japanese yen used to play in this regard so now that the dollar is more in this role what does that mean for the japan

you can check out more about catastrophe bonds at his website artemis dot b. . and still ahead it has been one year since the f. lobel collapse but what has changed will delve into that after the break but first your closing market numbers. the old. technology innovation all the latest developments from around russia we've got those huge earth covered but the government no longer represents the people. the people who are going to take the structure. we. believe in the traditional business in the in the money. the way our economic system currently not democratic. play point. cut. cut. cut. emissions and free accreditation free transport charges free. range minced free risk free studio types free. download free broadcast quality video for your media projects and free media oh god r.t. dot com. if . motion would be soon which brightened a few. songs from funniest impressions it's. nice clean stunts on t.v. don't come. out. of the six america votes for its next president. who takes the wheel as the us drives into the feature. get the news the mainstream missives wit

bad for victims is it also bad for some investors we'll talk to steve evans of artemis about catastrophe bombs and why the hunt for yield is growing this market and an ad for the tallest building support for whaling research these are probably not the ways to pan's taxpayers were thinking the government would spend earthquake and tsunami reconstruction funds but that's what a widely reported audit found will talk disaster relief let's get to today's capital account.

and even popular attitudes about artemis at fenchurch -- ms. adventures international and given our -- there's no other place which the budget is head headed. and carl's excessively generous 2006 budget level spending well, you know, is a reasonable proposal for this point in time, but that's a waypoint. and what's happening, going to happen come at the levels, point number two, even if i'm wrong about how deep the new bill down is going to go, we're certainly not going to see budget increases above current levels. we will see significant reductions. the navy, for example, is planning on huge increases. shipbuilding, for example, for 2012 was $12 billion. the navy's new 30 year plan calls for an annual average of 20 to $22 billion per year, depending on which cbo estimate you want to use. the navy is going nowhere but south on shipbuilding budgets. and because of the navy's proclivity for high-value -- excuse me, high-cost ships, the ship count is going to take a nosedive. during the presidential campaign, john mccain accused president obama of