http://driving.timesonline.co.uk/tol/life_and_style/driving/article2880406.ece

A year ago I posted this

http://www.noelwatson.com/blog/PermaLink,guid,70afcbb4-dfc0-49e5-8e5d-38e55fa3568c.aspx

and surprisingly the U.S. housing market has been through a torrid time, with median house prices down 18% in the last six months alone

http://www.economagic.com/em-cgi/data.exe/cenc25/c25m01

Will the U.K go the same way

http://www.landlordexpert.co.uk/index.php?news=1397

I will revisit in a year's time - I'm guessing yes. Spreadfair punters certainly think so

http://www.spreadfair.com/

These people are also pricing in 7% down in a year

http://www.tfsbrokers.com/pdf/RISK&MANAGE/2007/Nov-07.pdf

CreditOptionPricingModel.pdf (332.56 KB)

options.pdf (447.53 KB)

http://www.eweek.com/article2/0,1895,2219239,00.asp

After my Bruntingthorpe adventure and defeat by M3's, 

http://www.noelwatson.com/blog/PermaLink,guid,77c9f0a9-ad33-482e-bc96-a819a3524724.aspx

I thought I would see how much power the car was putting out, and work out optimum gear changepoints. The car gave 234bhp at the wheels which I think is about right (claimed 276 at crank) - the M3 gives around 280 at the wheels (claimed 343 at crank)

NSX-Surrey-Rolling-road.xls (21.5 KB)

The spreadsheet shows that the optimum change up points are on the red line in each gear.

• Power at wheels

• Power at flywheel

• Air fuel ratio

I coded this up using logic from Chaplin's excellent book

http://www.amazon.co.uk/Credit-Derivatives-Management-Trading-Investing/dp/047002416X/ref=sr_1_1/026-3520114-3646802?ie=UTF8&s=books&qid=1193910857&sr=8-1

The next step is to get this working in an enterprise application (C#) - this will speed the calculations up dramatically. I will then use real time feeds from brokers such as CreditEx to price in near real time.

Pricerv1.zip (63.47 KB)

Some references that I found useful

References.xls (16 KB)

Guide_to_Exotic_Credit_Derivatives.zip (938.86 KB)

https://partner.microsoft.com/UK/40044196

I can understand why they are doing this, but I hope they broaden their range of tests as there is nothing there at the moment that is relevant to what I do