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Ricter, sweetheart, listen to me carefully. Without real jobs, it's nothing but a facade. A movie set if you will. Just something pretty on the surface. If there is no real job growth underneath, all the money spent on these "projects" will be wasted. I'm sorry, but that is the truth.

EUR/AUD confirmed 3 days ago. The confirmation sent it through it's QTR A up as well.

We couldn't predict the 2008 credit crisis one year ahead of time but you are going to tell me what Detroit is going to look like in 20 years?

Monthly and QTR A down for me. I've got 100 better stock plays then that one. Let that one be till next year.

The firm.

I don't think Propex has access to cash market. Assuming he does work at Propex which I'm 90 delta on. I think a lot of these shops trying to find an edge in unconventional markets so you could approximate his leverage by simply assuming he is trading a standard spread. Let's use the the NOB...

Swan, it sounds like they are mostly trading spreads. Now most "conventional" spread markets have very low margins as well. However, it's possible they are trading across markets that are "correlated" but do not get margin relief from the exchanges. In that regard, doing those in a retail...

S0mmi, I assume you trade for Propex in Sydney right?

Evo, the difference is, when I started, all those "simple" things were taught to me by my mentor, not a training program. And I never paid up front for that, I paid through higher commissions. The training was one on one. Not from a book, or skype or some webcast. Hell my mentor and I use...

I really have no opinion. The grains are a little complicated because you have to make sure you understand the different crops. I claim no expertise on the grains. If I traded them, I would probably trade the ETF's that blend them together.

Here is a current quote: Stock charts is not letting my paste it here for some reason. Go to their site and type in $TED. It's trading around 17 basis pts right now. No risk in the world. LOL.

BTW, the margin is very low because the spread is very tight and really doesn't move much. I think it's long term range is between 50 and 100 basis points. So this thing crawls. Except when there is trouble. Then it explodes! It's really the ultimate "long option". If you really want to...

You get margin relief. It's traded as one product, there is no legging. It has it's own ticker. I think the margins are $700 or so. I guess I should point out that the "most" liquid and often quoted duration is the 3 month treasury bill over the 3 month ED. I don't want Martin to come in...

The TED is very actively traded. It's treasuries over eurodollars. It's the spread between the less risky treasury rate with the riskier libor rate. The spread will widen when credit tightens, that's when you want to be careful. There are many variations of the spread. In other words it does...

Still in a confirmed neg number line. There are MUCH easier pairs to be in right now rather then trading the chop of cable. Remember, trading is hard enough as it is, don't challenge yourself! LOL. Even the easy trades will be hard so give yourself a break. :)

Yeah he is a lot like Vic. Vic studied math at the University of Chicago. This kid at Cal Tech. Vic was a world champion squash player, this kid a world ranked tennis player. I think what a lot o guys miss here on ET is that people that excel at anything in life, tend to excel at a lot of...

Now the TED spread IS something you can trade!

They have to hold them if they believe rates are going higher.

No they want to hold long term. They want use these a replacements for the CDS's that use to pay them 5% to 6% a year. The difference is they go from being short convexity to long. Much better deal. Think about what they are doing mathematically. If we get a spike in inflation, they are...

How did you get that impression? I've been railing on central banks since 2005. LOL. Honestly, if anything, I've tried to tone it down the last couple of years. My worldview really has not changed a lot since....like high school. And that was a looooooong time ago. Unless you thought I was...