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1021 GMT [Dow Jones] There has been selective gains for the dollar after St Louis Fed's Bullard told CNBC more Fed easing is not a done deal, echoing overnight comments from Dallas Fed president Fisher. EUR/USD lost some half a cent to the day's low of 1.3855, USD/JPY has given back its 15 tick...

I liquidated more than half of my FF position this morning. I will watch the market for 10 or 20 days then buy back again. My position is now about 33% of my original purchase size

I do believe that the 1st stimulus was important because it came during a time where there was a negative feedback loop going on in the US economy and people were really afraid(In my view the stimulus worked as a both as a economic stimulant but also as a placebo) and also it was questionable...

Greenspan had an interesting op-ed in the FT http://www.ft.com/cms/s/0/4524339a-d17a-11df-96d1- 00144feabdc0.html This part stood out for me "Only the deficit lends itself to being quantified. Fixed capital investment as a share of cash flow over the past four decades has been...

He might want to tell that to the NY Fed president

1725 GMT [Dow Jones] Dallas Fed Pres Fisher mounted another strong attack on the idea the central bank needs to provide more support to the economy. "While none of us are satisfied with the current pace of economic expansion and job creation, presently it is not clear that conditions warrant...

It seems that some economists(particularly with Keynesian backgrounds) seem to believe that animal spirits can turn society into a deflationary mindset(specially if rates are at 0%) and in such scenario monetary policy wouldn't work therefore fiscal stimulus is needed to restart the economy and...

Bernanke's FDR moment http://online.wsj.com/article/SB10001424052748704689804575536391713801732.html?mod=WSJ_hpp_LEFTWhatsNewsCollection FDR devalued the dollar against gold in 1933 which lead to people to start to spend and invest(get rid of dollars essentially to avoid future...

In all seriousness I dont believe there is anything new here. This just confirms what the studies already indicated, there are excess returns to be earned from the stock market in periods of panic and high volatility. I made the case here that the panic in BP stock was likely mispricing the...

Jan Hatzius says Basel 3 will cut GDP growth: "knocking 1.5 to 2 percent off gross domestic product in the next few years" http://economix.blogs.nytimes.com/2010/10/07/goldman-sachs-and-the-economy/#more-84073 Now this is an interesting debate because even though the requirements will...

Its official, the equity market is stupid http://www.zerohedge.com/article/how-mispriced-equity-vs-cds-tail-risk-allowed-158-annualized-return-bp

I'm thinking about putting in QE trade. Buying a Fed future contract in the 6-7 month to expiry range and betting the EFF will go down more than its implied. The most priced to go down is about 4bps, I believe it will go down that much easily given the behavior of the EFF when they shutdown the...

There was talk they wanted to nationalize the central bank for failing to stop deflation. This could be a catalyst for a trade there

Thats the thing, the oil bulls are still in the bull camp even though the price collapsed from 2008. Sometimes you just got to know when the market is too insane and you need to get out. Gold doesn't resemble oil in 2008(at least not yet) but if it did, might want to put a trailing stop in just...

Apparently they have loan covenants that might be triggered http://www.minyanville.com/businessmarkets/articles/pre-paid-legal-stock-performance-pullback/10/4/2010/id/30386?camp=syndication&medium=portals&from=yahoo

PPD had plunged in the last few days(after putting the squeeze of a generation) http://finance.yahoo.com/news/PrePaid-Legal-Announces-2010-prnews-1130817826.html?x=0&.v=1 My non-expert analysis of this tells me that things are getting bad there their 'New sales associates recruited' stayed...

I also remember that back on Oct or Nov 2009 there were expectations that the Fed would take off 'extended period'. The minutes never showed that was even in the agenda. It seems that the markets can misunderstand the Fed big time once and while(maybe even consistently), this is turn can turn...

Its hilarious to remember how at the start of the year the debate was when the Fed was going to raise rates and Greenlaw had the Fed hiking in September yet it was quite public information that core inflation was set to fall below 1% and the UR was not going to improve much It appears that...

Dec 2011 ZQ seems priced for perfection, I'm tempted to sell before the Fed meeting but dont know if I should

What are your market bets right now?