Search results

Sure thing, for certain people bigger issues, such as shortage of gray matter, loom much larger...

Maybe 'cos it's expiry day for H9?

Thx for the great summary, slapshot, and I am in agreement with you. It's all about collateral or, rather, lack thereof.

And not with just anybody... We be talking about the Italian Stallion on the ECB board, Lorenzo Bini-Smaghi himself. Here's the original article by Krugman: http://www.iht.com/articles/2009/03/16/opinion/edkrugman.php The response from Lorenzo...

Or what about the Irish rugby team being forced to move to and play for Germany? Brian O'Driscoll and Ronan O'Gara get brand spanking new German names and Germany, at long last, wins the Six Nations. Imagine that...

Dude, send me a PM and I'll send you smth that you may find interesting (or you may not).

Agreed, the one thing that people seem to happily disregard is that the politicians' incentives are even more mis-aligned than those of a worst bankster out there, so to entrust economic policy to them is suicide. However, it's the new reality. And someone mentioned the independence of the...

Wrong button? I'd suggest this wasn't a 'fat finger'... Come on, it's someone putting on a trade with themselves and then marking it in their favor on both sides. Works wonders until it gets found out... Those sneaky Scandies :)!

Anybody have any interesting ideas for what sorts of conditions Germany can impose on Ireland? Candidates: 1) Ireland must convert to German as their national language. 2) Guinness must be immediately outlawed and the benighted populace must be forced to enjoy the crisp, refreshing taste of...

07:53 20Mar09 -EURO ZONE STATES HAVE PLAN TO RESCUE ANY MEMBERS AT RISK OF BANKRUPTCY - SENIOR MP IN MERKEL'S CDU 07:53 20Mar09 -EURO ZONE WILL NOT LET ANY OF ITS MEMBERS GO BANKRUPT - LAWMAKER 07:53 20Mar09 -CHANCES RESCUE PLAN WILL HAVE TO BE USED GREATER THAN CHANCES IT WON'T - LAWMAKER...

Just look at what the stock mkt did during the periods of past high inflation and you will have some of the answer In general, stocks have not been too bad of a hedge against inflation due to the pricing power of firms. In fact, in the world where the value of nominal cash you're paid goes...

Possible, indeed, but the political dynamic is becoming tres complicated. Imagine if you're the Chinese, you got a whole lotsa USTs and there's a bullet bid out there. There's truly a possibility that (unless, of course, this was all properly arranged with them) the Fed really does run into a...

Hahaha, that is a VERY good point :)!

Yep, TALF and TALF II are another $1trn. Come on, what's a $trn among friends?

OTC vol's getting properly mudered today, not sure about exchange. Someone's sure selling in size here.

Yep, was reading something today along these lines, which suggested that, almost by construction, the rest of the world is massively long downside gamma on USD. Basically, the argument goes that if you have lots of external USD-denominated debt, every time the dollar falls you have less real...

BLSH, while I agree with some of your views, pls get your facts correct. They're buying $300bn of USTs, $750bn of agency MBS and $100bn of GSE debt. Agency MBS is a very different story from the sorts of distressed assets they're talking about for TALF. Pls don't mix these up, they're...

Agreed... Did that this morning (vs Aussie and gold) and doin' well so far. Wondering when the spanking of the poor USD pauses and who the next late party entrant is gonna be. Might be SEK and, gasp, possibly EUR?

I think they not only expected the curve to move the way it did, they really wanted it to happen. The monetary policy value of shocking the market has been demonstrated by both the SNB and the BoE. The Fed wanted to take the market by surprise and they did it. However, it's important to not...

Caveat emptor, amico... At any rate, the Chinese curse has come true and we're living in interesting times, indeed. All sorts of bad things are happening to all sorts of people, some of them completely innocent.