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I can think of lot of problems that can be solved by printing money. I used to be like you, a free market mises.org type. Then I realized that reality can't be reduced to a few slogans and catch phrases like 'let the market work'. Everybody must become an adult eventually

I don't think the vote would be on EUR membership. All banks would be bankrupt before they even started to vote(As people get afraid of deval). In my view the chance of people voting yes to more austerity should be less than 10%, if that

I believe the SIPC does cover funds missing from segregated accounts wikipedia "By law, investors' assets and the brokerage's assets must be segregated; they may not be commingled. It could be a civil and/or criminal violation if an investor's assets were inappropriately commingled. If the...

Correct me if I'm wrong but doesn't the new EU bailout needs to be approved by every EU member politicians over the coming weeks/months?

So Greece decided to leave to the people whether they will do more austerity or not. It looks to me that the PM has decided to default fully but doesn't want to take the heat for it(And lose face as well), so he will leave to the people to do that The implications of this to me are quite...

Guess Corzine saw how well that worked for Full Tilt Poker and decided to try

If that happens its time to panic. There are solutions out there but I'm afraid the uncle point of the ECB might be a quite lower level in the stock market than most realize And I'm referring to other stuff, not more bond buying(Which has only temporarily helped)

I only have an account with IB(Plus Oanda for fx) but maybe I need another stocks+futures broker in case IB goes bust one day so I can quickly switch from one broker to another without having to liquidate positions . This might a lesson to learn from MF Global

Soon Zerohedge will claim he was trying to destroy the competition for Goldman. If Corzine takes the golden parachute I'm going to be sick

Ex-goldman man goes to MFG and gets it bankrupt in record time. More fuel for conspiracies :p

NYFed just cut MF Global from doing business with them

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=dbv&x=0&y=0&time=12&startdate=1%2F4%2F1999&enddate=10%2F28%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=spy&comp=spy&ma=0&maval=9&uf=0&lf=67108864&lf2=16777216&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&...

Do you think carry is just a backdoor way to earn something similar to the equity premium?

Currencies: I'm also long the HKD with a big position(A 20% reval would make me 40% richer) but I'm don't believe the chances of reval are high. I paired the trade with HK stocks short. This gives me a nice way to bet on China/HK crash and retain some protection in case the stocks rise...

Precious metals: I'm bullish there but I don't think I'm going to increase my positions. Mainly because it would raise too much of my exposure to the 'bad things will happen' trade. It seems an overpriced way to bet on bad outcomes due to the fact that so many people like gold Corporate...

Review of some asset classes with random thoughts Stocks: I'm in the secular bear camp, this combined with risks of US recession, EU problems(Which even though they are solvable, will still freak people out probably), China hard landing(Hurting world growth) makes me be on the defensive side...

What is your logic behind the Yen short?

If the article is right and DB is a large buyer of PIGS CDSs, they will be paid."This time is different", this ain't no Argentina

I've been thinking about the sov CDS issue and I don't think there is a high chance that longs wont be paid there. So far the authorities have been doing everything they can to "avoid a lehman". And there seems to be a lot of banks who hedged using CDS(I believe MS is among them), they would...

Company is tapping its credit facilities. Seems to have 6x its tangible equity in exposures to EU countries that are not too healthy