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I missed the sarcasm, apologies.

Arguably, Cushing IS broken... I think that's really the only thing one can say with some degree of conviction.

Are you guys for real or what? You're not familiar with The Onion? Did you watch the clip and, if so, did anything about it appear slightly "different"?

The Onion is pure genius...

I think it was widely expected, just later (some time in Feb)... Also, the Treasury were at pains to describe this as a "scaling back", rather than "cancellation". Some people suggested it means that they will resume it after the debt ceiling issue is out of the way. So estimates I saw were...

Yeah, the exclusion would be a good idea, as there's some very mixed metaphors (multicollinearity) going on there. For example, Danish Krone features a lot on the list, but we all know why that is and why it's a bit of a red herring.

This is a very funny list you got yourself there, pardner...

Well, I wouldn't call myself an expert and I can offer an opinion of sorts, rather than proper analysis. Essentially, the tradeoff is between being able to affect the long end of the curve, which can help the housing mkt, vs taking on an excessive amount of duration. Lots of duration in your...

Here's the best idea for you, a carry trade from Heaven (or, more accurately, Mount Olympus; in seriousness, don't do that, as I mentioned to you in PM). Greek bills maturing 18-Mar-2011 are currently 6.12% mid, s/b smth like 4.40% offered. Compare this with same maturity Portuguese bill at...

I believe this is exactly the sort of effect that people normally describe as "spurious"...

Iz complicated, this... Do you really want to know?

Whoever told you China was slowing down anything? It's just journalists getting it wrong, as usual...

Daal, I presume you saw the news on the suspension of the SFP?

I replied to your PM. I think maybe some wires crossed.

No, 'fraid not.

There was only one hawk last year and he's gone now... The fact that Plosser didn't dissent was rather surprising, 'cause everyone expected him to become the new Hoenig.

Firstly, when did I say that "no action ever matters". For example, I think what Congress and the White House do matters a lot. I just think that what the Fed is doing with QE2 doesn't really matter and I have already mentioned why. Secondly, I am quite familiar with the whole "tipping...

I am referring to the coupons on the whole portfolio, rather than MTM, which is irrelevant. Moreover, who cares about QE2? It's piddly in the grand scheme of things...

Actually, it's not exactly clear to me how you figure that... The Fed made $78.4bn in FY 2010; in stark contrast, the SNB, for example, lost Sfr26bn in FY 2010. How 'bout that? I'd say that Uncle Ben acquitted himself rather well so far, in relative terms.

You misunderstand me... I think you're sadly incapable of or unwilling to understand the relatively obvious point that sjfan is making. He's right and you're being silly. P.S.: Also, maybe you can share what you're doing on a trading site if you have such a problem with "our casino finance...