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Correct... Unless he can prove that he was in NYC on business (which, apparently, isn't the case this time), he's got no immunity.

Well, it's not like Russia only defaulted on its obligations to its foreign creditors. Domestic investors, including bank depositors suffered losses, which were extremely painful and led to a lot of turmoil. Otherwise, yeah, it seems like it all worked out OK in the end, but it sure wasn't...

While the gold standard has its advantages, it also has flaws. Most importantly, it has one very painful problem, which, unfortunately, makes it all but useless in the modern world. The problem is that it's only viable if you and your main trading partners all abide by it at the same time...

You will find the closes here: http://www.eurexchange.com/market/quotes/INT/FIX/OGBL_en.html#table You can then take the closing prices and the contract specs, plug them into any online options calc (or Excel) to obtain the vols.

Stiglitz, with all due respect, is right in theory, but wrong in practice. Generalizations such as "austerity is always bad" are just wrong, since sometimes, depending on the situation, austerity is the only viable solution. The coalition (i.e. the Tories) in the UK, for example, embarked on...

Thank you for the compliment... I am no apologist and certainly not where the ECB is concerned. In fact, I think the ECB has a LOT more to answer for than the Fed.

You should be able to figure this out by looking at USDSEK t/n fwd vs spot. Ultimately, it's up to the broker, as m22 said, so you should call IB and ask them to provide you with the explanation of their exact methodology. In theory, carry in FX is determined by a the "interest rate parity"...

You're hard to please, but I will do my best to find some data that's up to your exacting standards. As to me never being wrong, that could be for two reasons, right? Could be that I am just that good, no :)? At any rate, you can relax. I can actually point you to a thread here where I...

Most of the empirical research I have seen (not academic Ivy League type that you so frown upon) suggests that commodities (incl precious metals) aren't actually the best-performing asset in a highly inflationary environment. So if the past is to serve as a guide, precious metals are good, but...

Right, so you make a few points here... Firstly, you agree that the investor in question makes a certain decision. The criteria, if I understand you correctly, is that a) the asset has to be liquid; and either b) the asset has to offer an attractive return in an inflationary environment; or...

Firstly, I am not trying to "get" you on anything. I am trying to arrive at a common denominator in terms of the terminology used, so that we can have a meaningful discussion. The correlation discussion is only relevant because you suggested that correlation between the Fed's loose monetary...

Yep, that's just the mechanics, specific to bond futures. In general, all futures, including commodities, should have PNL/variation margin calculated as (futures tick value * futures move in ticks, rather than being based on the move of the underlying. So I imagine, actually, in this sense...

I don't understand this. What process? Let me reiterate: - I said there's not much that a CB can do about the prices of food and energy. - You said (my interpretation): correlation between the Fed's "loose" monetary policy stance and and rising commodity prices implies that the former causes...

Well, you're incorrect. Change in futures * CF is your fwd PNL out of delivery date. You will need to "discount" to obtain the spot PNL. The reason the commodities types can get away with it is that it's a more reasonable (although still overly simplistic and wrong, but it's practical)...

It's complicated... You sure you want me to wax poetic on this subject?

No, that's not how it works. Correlation is necessary, but certainly not sufficient to prove causation. There's a plethora of ways you can convince yourself of that. [B] OK, does that mean then that you originally mis-spoke when you implied that it was the Fed's monpol stance that caused...

Erm, it's trivial, really... Does correlation always imply causation? Has the Fed changed its monpol stance in the past couple of weeks?

Whatever, man... Can we pls confine ourselves to a discussion of options here on this forum and leave the crazy stuff for the other places?

Well, you can't have it all and a free lunch with a cherry on the top, sire... Essentially, all these strictly limited downside, short vol trades that I describe, whether they be flies, condors or iron millipedes come down to the same general idea: you commit a certain amount of premium, the...

Still $21 bid here... I'll hold the price for you, for if/when you need it, peil.