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it is well lit i agree but it is completely impersonal. it lacks the cohesion the trading floors use to have. i bet that guys in opposing floors never even saw each other... but maybe it's me getting too old...

second this. i used to work for a while on a similar floor few years back - it was easily the most depressive environment i've ever encountered. it is not like the normal floor (like the one in 25th hour broker scene for instance) and it has a very gayish smell - traders with institutional...

yeah, anderson wants to fuck with aliens...(below on the right)

finally we know why the sell-off... we are going to be invaded by aliens. they will likely arrive on golden ships so the gold is no longer going to be rare....:D

this is given and around 900k revision down. the same was happening 4 years ago but with an opposite sign. by ignoring businesses that are created and stop exist during the reported period the data usually looks worse in good times and better in bad times. it is irrelevant to markets...

probably (paid) leak as always in the past year. wonder what hoenig is going to say today... any guesses?

because they start with T and D respectively. i do not see a problem with having fun sometimes...

nice acronym. one thing i do not get is that if everybody is really so scared and piles up into USTs especially when moving from other sovereign bonds then why e.g. gold does not go higher? after all we know US is in deep trouble too (as opposed to ausie loonie, kiwi and/or nok club. the...

100bps above germany is actually not that bad in these schizophrenic times...

i am far from being a gold bug but one thing is almost certain and that gold will not go lower without rates going higher. going short gold is certainly a bullish call on economy which may be right but i would be careful here. just imho.

interesting - i did not know that. so there is a place for all these chinese treasuries after all...

at least we know why they are pumping the markets and that they will continue to do so... :D

well it is not THAT sure. in this crisis the USD always attracted the fear trade the first. AFTER the USD rally money were redistributed to gold. it always was hard for USD and gold to rally at the same time.

in other words; when chinese buy shit they want to know what you had for a dinner - interesting perspective on investing.

the first one to default will get the biggest heat but will have clearly an advantage - because ultimately everybody will default. so why to load citizens with the debt service. let's play another hand...:D p.s. from this perspective i do not understand why gold is not above 10,000 already.

i agree that this will be the outcome if america does not restart the economy as the search for yield takes all to zero. that's why i say to make the curve flat to restart the economy - not to freeze the economy in a liquidity trap and wait till the curve flattens...

this is the crux of the future of america imo. the fed is basically killing economy by stating that rates are going to be low for extended period. this is a deja vu a la japan, i.e. crowding out of private sector/spirit par excellence. banks will basically load up their balance sheets with...

yes. but why would you fund yourself at high costs when you have idle cash sitting on your table and yielding only 12bps? you would just use this cash - wouldn't you? the funding that is occurring is long term only to take advantage of low yields across the curve and match assets with...

some do of course. but on average money costs 12bps. why do you think there is so much in excess reserves...?

that's the way to hell - i am sure you meant it only as an academic exercise...