Search results

Japan was downgraded how many times between 1998 and 2002? Too lazy to pull up the charts but I believe it paid to buy the dips during the period. Of course at some point it's going to be different but until then the JGB bears remind me of the gold bears: they see this big chart of something...

"The Dow ended down 236.17 at 11257.55, its lowest close since October 7." Wait what happened to the "8th best October in the Dow's history" non-sense propaganda?

Commerzbank at new 5y lows. How ironic would it be if Schauble had to nationalize this pig?

Did the UK also collapse into a 3rd world country when Pound Sterling lost its reserve status?

Not getting hammered worse today than in other difficult periods. I've been smacked around in August/September 1998. December 1999. Sept 2002. April 2004. August 2006. July 2007. October 2008. August 2010. Probably forgot a few. There's always violent times for any trader. Question is if...

The same Germans complaining about the lazy Mediterraneans? Cough cough...

Ex-Refco is certainly no worse than * highschool teachers * 70s communist activists * preschool nurses or other 'jobs' commonly found when browsing EU politician resumes.

What he probably is confusing this with are mortgages denominated in JPY, but originated by local mortgage lenders outside of Japan.

Here is a good list of CDS quotes on the Bloomberg web page, both corporate and sovereign: http://www.distressedvolatility.com/2010/07/nice-to-see-cds-quotes-credit-default.html

If Sarkozy is not yet worried then now would be a good time: http://www.bloomberg.com/apps/quote?ticker=.FRAGER10:IND

Eurodollar futs keep dropping and this is not boding well. Looking at H12 and Z12.

I doubt that is correct. All the independently wealthy I know became wealthy because they run or ran a business. None of them became rich by being an employee working for others.

Looks like the Brits are the last bastion of sanity standing in Europe.

That's not a fact. It's just your opinion. Explain how most of the worst (and longest!) economic downturns in the last 250 years occurred when governments' share of expenditures to GDP have been much lower.

I can't wait until Weidman gets a call from Merkel ordering him to buy DAX futures.

These things take time to play out. You won't see an instant effect on UK exports or job growth, just like Spain or Italy won't go down the drain overnight. This is a very slow process that will take years to complete as jobs will be maintained or created in more productive countries (Northern...

After tax net income does not equal unit labor costs. Unit labor costs are the ratio of total labor costs divided by real quantum of output. The Germans managed to drop their unit labor costs by some 10% over the last 10 years while the PIGS ran then up 10-20%. I am sure they have taken some...

Can't wait until the Hungarians pull a Putin and perform their own series of Yukos style quasi-illegal nationalizations.

You were wondering why Buffet was buying and now you feel enlightened after Kyle Bass - who has a horrendous timing track record - bought a tiny $10 million stake in a quasi-bankrupt financial?

Right, Hong Kong. Or what about Switzerland's EUR peg? Also no manipulation? You guys crack me up. A peg is always centrally planned currency manipulation. It's always some central planning bureau overriding market supply/demand in order to arrive at a manipulated target exchange rate.