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I have gone long at 90... I want to fade what I see as an overreaction to the minutes.

Agree... I think Volcker and Merv are are, in fact, voices of reason. My fear is that we've missed the moment.

You have to keep in mind that Good Ol' Merv the Swerve has a vested interest in these debates... He might be right in this case, but, realistically, he ain't as warm and fuzzy as he wants to appear.

Indeed, I think this sums it up quite nicely...

I am not attacking anything... I am just curious how people who argue their political views deal with the inherent issue of potentially tainted (but plausible looking) statistical information.

I am not into US politics, so this is just a neutral observation... I am just curious. What conclusions do you draw regarding the validity of this national survey, given that it was funded by an organization that has a clear political bias? Moreover, it seems to have a direct mission to...

+1

This is interesting... http://www.propublica.org/ion/bailout/item/four-banks-in-govts-healthy-bank-bailout-struggle-to-survive-1019#12696 I think it's quite funny that the US treasury's claim is junior to unsecured depositors/FDIC.

I agree... This article was a bunch of drivel, IMHO.

You mean their asset management arms, like JPM Asset Management, or Neuberger Berman that used to be part of Leh? The customer assets that these entities manage, as well as the deposits, are not used to calculate any capital ratios and rightly so. The only people that can take a haircut are...

Have you tried google? There's all sorts of info on the various laws that define and regulate bank holding co's...

What do you define as 'investment houses'? Hedge funds are, effectively, depositary institutions... The now defunct IBs were public companies, so they had shareholders' equity. Commercial banks, simplistically, have the public's deposits.

Best of luck to you, Naveen... P.S.: I'd also pay attention to what bone mentioned, re repo rates, etc. Those things are important, but much harder to pin down.

I like this paper... Somewhat counterintuitive conclusion, so will need to read a bit more carefully. Thx!

Well, there are a few things to consider. Firstly, spreads are affected by the fundamental information embedded in econ releases. Secondly, spreads mechanically have some long-term directionality, i.e. they move with the mkt in a particular way. Finally, there are short-term effects that have...

But I thought we all like tougher regulation of the banking system? Shouldn't these be viewed as positive developments?

Maybe bone could answer a couple of these questions above, while I think of a good way to respond... Also, you might wanna consult Tuckman and Burghardt books that I often recommend to get a better understanding of the fundamentals.

This is wrong on a whole variety of levels...

You are aware, I hope, that there's arnd 20bps of difference between front Eurodollar and front FedFunds? As to the original subject, I have two questions. Firstly, determination of asset bubbles is subjective, whereas unemployment numbers aren't. Secondly, what if low rates are not only...

Well, objectively, the UK economy has benefited immensely from the ccy depreciation. You should really come to Oxford St on the weekend to get an idea of just how cheap things appear to people outside the UK. I'll give you this piece of purely anecdotal evidence. It's been the second...