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Well, for one, at what price do you "clear" your banks of toxic debt? Who sets this price? You, me, the ECB, the ECOFIN etc?

There's nothing wrong with that in theory... However, if only it were that simple. In practice, it's actually almost impossible to implement it like that (the Europeans have been trying).

You can get the close data for free from the Fed H.15 historical database. The other stuff will be more problematic.

Erm, yes, it's the whole Greek thing...

Bloomberg

Nope, can't do that... The US govt, i.e. Congress, makes all decisions on the funding the US provides to the IMF.

Huh? What does USD have to do with hourly wage/price of gold? Think about what sle said a bit, I'm sure you'll figure it out.

No, they can't.

It makes very little sense to own gold, although it does have its advantages.

Huh? This is so wrong, it's hilarious...

Erm, no other news? Might it be possible that you have overlooked that whole insignificant episode of an ECB meeting (I am referring to the press-conference, obviously)?

Yep, RBA and RBNZ diverging the other way now... I wish I stayed short AUDNZD :(.

They're not gonna hike today... That's blx.

Don't forget the earthquake, as well... I made some good money on being short AUDNZD.

Are you sure about that? Looking at NZDUSD is not really a very meaningful way to think about the value of NZD. Current level of NZDUSD is mostly a function of the weakness of USD, rather than anything to do with NZD. Based on a variety of my fair-value models, NZD was arnd 15%...

Not really... It's just that NZD has been undervalued and is now coming back. Also, it's about milk.

It's the last trade... The Jun 120 call last traded on the 27th of May at 13.

It's fair to assume you get the current t-bill yield (obv, that's always quoted on an annualized basis).

Huh?

I think there's a thread in the Journals section... There's also a lengthy thread on the T2W Forum dedicated to HC's methodologies.