Don’t bring a limp dick to an orgy

I think that’s what Craig Pirrong means here:

Word to the wise. Don’t bring a wet noodle to a gunfight. (I cleaned that up.) You’re going to lose.

The subject?

The Industrial Energy Consumers of America has submitted a comment letter on the CFTC’s position limit rule making. The letter contains this libel:

If one looks at the agenda from the February 26, 2015 meeting (see below), other than CFTC presenters, every presenter has views that are not consistent with CFTC action to set speculative position limits. Professor Pirrong has a long history of client paid studies in this area and will need to identify who paid for the underlying data and study for his results to be credible on this subject.

The only paid study on this subject that Professor Pirrong has ever done?

Actually, I did do one client paid study on these issues about 11 or 12 years ago. For the IECA, in fact, which was just certain that the NYMEX’s expanded accountability limits for natural gas had caused volatility to increase. They hired me to study this issue. I did, using methods that I had employed in peer reviewed research, and found that IECA’s firm beliefs were flatly contradicted by the data: data that IECA paid for, analyzed using methods that were disclosed to it. IECA decided not to release the study. Surprise, surprise. So IECA knows from direct experience that my opinions are not for sale.

The IECA’s argument does need a bit of Viagra there, doesn’t it?

1 thought on “Don’t bring a limp dick to an orgy”

  1. “The IECA’s argument does need a bit of Viagra there, doesn’t it?” It needs a fucking hyphen, that what it needs. It’s a “client-paid study” for Christ’s sake.

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