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The guy makes huge money with his online ads. He doesn't give a fuck about reality, he just wants to report gloom and boom because it drives traffic to his website and makes him money

What do you mean by nuke?I think they are doing the right thing by not borrowing at these rates. The EU will come to the rescue I suspect through the 20% guarantees but it could be something else

Tsang says Ackman will lose a lot of money on his HKD bets. This seems right to me, but the recession he predicts will mean further profits for shorting HK stocks. The trade I put on seems solid(Long HKD Short EWH), it will only lose money in a softlanding which are rare after bubbles and it...

Hey Martin or someone else Any clues on why the trade short EUR vs European $ haven't been working on risk off lately? Ever since the CHF was burried it seems that the EUR RALLIES against them on risk aversion. I took some heat on EURSEK and EURNOK today

CDOs redux

Are u saying there are no trades going on sov CDSs?

What is happening to the Greek basis lately?

Yes but shouldn't take too long for the countries to move in that direction if stock markets keep falling

A question about Italy. Who on their right might would not buy newly issued Italian debt with a EU guarantee on the 20% of losses if there is ever an default?

Yes but it also shows that currency debasement can lead to recovery, something they are reluctant to accept

A key component of Iceland's recovery was its massive currency collapse. Hardly something mises.org nuts like to endorse

There reason you can't do this is because markets are more efficient the more liquid they are. Its very hard to compound 30% a year in $10B, on $100K is quite possible

Assuming IB's customer assets are segregated IB leverage ratio is 18x according to my calcs(stripping out all assets from customers and liabilities to customers). And thats dividing by the $500M figure which is not fair given that customers and creditors would be entitled to the 'Non-controlling...

I thought their entire repo book was about secured credit..

what about secured creditors, are the customers in front of them?

If I understand this http://www.zerohedge.com/news/bank-america-common-dilution-coming-issue-400-million-new-shares BAC is saying 'our preferred stock and junior debt is so cheap we want to issue stock and debt to buy it'. But the stock price is abysmally low yet if they are issuing it they...

I looked at the 10K and it seems that the vast majority are stocks and options. It doesn't any its from Timber Hill though

ids, what is the $8.8B in 'trading assets' on IB's balance sheet? What about the $8.3B in trading liabilities '- financial instruments sold but not yet purchased, at fair value'? Is it fair to say IB is running some kind of large repo book(2x equity)...

IIRC my final recovery was something like 80-90c on the dollar(not counting opportunity cost and time waste). With zero fraud or misuse of funds

Someone is going to pay Giddens. I had money stuck on Tuco Trading and even though it was downright obvious there were no fraud or misuse of clients funds it took about a year for the guy who took over to give the clients money back. He took plenty of healthy fees in the mean time of course