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You're not alone... http://www.elitetrader.com/vb/showthread.php?s=&postid=3302010#post3302010

That they ultimately integrate... With or without Greece, but Greece is a special case. I think it's important to recall that the US has gone through this and managed to make it. Obviously, there are some differences, but still.

As I said, it's a rumor, so treat with a pinch of salt.

Spot on... The refusal of the ECB to acknowledge this and their insistence on adhering to their flawed mandate is another thing that makes me more skeptical.

Rumor is that it was SMI vs DAX & Estoxx.

I dunno, mate... Read books, mostly.

I dunno much about this, as I am by no means involved in anything Asian. However, there's all sorts of thoughts swirling arnd in my head now. One thing for sure... Options often offer the best way to bet on these sorts of binary de-pegging outcomes, since you should be able to pick up some...

Rumor is that it was a spread trade.

They've had three referendums (referenda?) on the subject now and each time the population rejected the idea.

Ah, sorry, I didn't see the connection... I guess it makes sense. If you could, would you not rather bet on the RMB peg going (I mean sooner, rather than what's being constantly promised)?

Convexity is the second derivative of the price of the bond wrt to yield (so a derivative of duration, which is the first derivative). Have you tried looking here? http://en.wikipedia.org/wiki/Bond_convexity For WAL, look here: http://en.wikipedia.org/wiki/Weighted-Average_Life

True, that's pretty bad...

I repeat that I haven't actually agreed with you on anything. You say that the Euro will fail with certainty. I strongly disagree. The odds of the Euro failing have gone up very significantly of late, but that is still not my central scenario.

I am not sure what you mean by this... He's just offering his view, which appears reasonably balanced to me. And yes, I am only referring to the stuff that's dated 15-Aug, so maybe y'all have seen it already. Here it is...

What's a bit of friendlty rioting between friends? Besides riots were all over London.

No, I am not agreeing with you. I am not sure how you decided that. In fact, I still have no idea if it will fail or survive. Either is possible and all I know is odds, rather than certainties.

What do you have against North London?

I dunno about the social consequences, but massive bank runs, for sure. Depressions normally follow those. What unpleasantness comes after, who knows.

Not sure what the "default of the Euro" means, but you will find his answer to the relevant question at the bottom of this page (it's the last question asked): http://www.abc.net.au/money/vault/extras/extra5.htm

I presume you boyz have seen Norman Chan's response to the various "de-pegging" suggestions?