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  1. M

    Federal Reserve Admits Hiding Gold Swap Arrangements

    As it happens, English IS my second language. I am unclear what it has to do with the discussion. You're confounding so many different concepts that it's sorta difficult for me to extract a coherent argument out of your drivel. However, I'll try to explain one last time and then I'll stop...
  2. M

    Why using "Basis Point Volatility" is better than "Relative Rate Volatility"?

    I don't know, dude... I am very confused now, torn in all sorts of directions. FWIW, I'd still be long spooz here. I don't think the inventory rebuild story has yet run its course completely, so I think we'll be hearing more bullish stories yet. The only way I can explain the bid for...
  3. M

    Federal Reserve Admits Hiding Gold Swap Arrangements

    Huh? This is a release by the Treasury stating that they have made a decision to allocate some TARP funds to TALF, which is a program administered by the Fed. Quite apart from the fact that it answers the very silly (maybe rhetorical?) question you're asking in the first place, doesn't it...
  4. M

    Federal Reserve Admits Hiding Gold Swap Arrangements

    What exactly do the TARP funds and their disbursement have to do with the Fed?
  5. M

    Why using "Basis Point Volatility" is better than "Relative Rate Volatility"?

    Yep... As I understand it, SABR does get used occasionally in the equity world, but has its own unique set of issues there.
  6. M

    Why using "Basis Point Volatility" is better than "Relative Rate Volatility"?

    I don't know, dude... I only speak based on my own, personal, first-hand experience. In the world of rates, I have never seen anyone look at their pnl in %ages (maybe real money people do). Yes, indeed, you can always work around the normal/lognormal issues in a reasonably simple manner (it...
  7. M

    Would the US outlaw gold again?

    Yes, but wasn't it also the case that this executive order (6102, I think) was quickly dismissed and forgotten, due to being virtually unenforceable? Moreover, no actual arrests and/or confiscations ever took place.
  8. M

    Why using "Basis Point Volatility" is better than "Relative Rate Volatility"?

    Well, to be honest, I have never seen anyone in the rates world calculating PNL in %age terms (but then again, I have never traded yen; still, I believe that even in yen, it's all about the basis points). As a result, I have never seen anyone look at lognormal vol charts. However, given the...
  9. M

    Swissie spike!

    The BoE minutes... No mention of dropping depo rates.
  10. M

    is this a good deal?

    +1 You need to do a bit of soul-searching and be honest with yourself. Can you actually make money or are you punting randomly?
  11. M

    Free money from wall street

    Hmmmm, that actually sounds like a great position :)
  12. M

    Free money from wall street

    I am thinking of doing the opposite, i.e. selling the farm and mortgaging the wife.
  13. M

    HSBC bids farewell to dollar supremacy

    Whatever, man... I think I might agree with you there. Looks that way, for the moment, anyways.
  14. M

    Free money from wall street

    I absolutely love these quality trade ideas... Sell outstrikes till you can't see straight, 'cause it'll never get there. What can possibly be safer?
  15. M

    HSBC bids farewell to dollar supremacy

    Haha, if only things were that simple...
  16. M

    Which equity Index or Stock Exchnage the Forex Market tracks During the Asian session

    Why can't it continue tracking the Dow during Asian hours?
  17. M

    HSBC bids farewell to dollar supremacy

    I remember Bloom saying the exact same thing in January 2009 in a meeting... I don't disagree with him, but it's all a bit one-sided, if you ask me.
  18. M

    etf investing in ABS, MBS or

    I never expressed an opinion on whether these buggers are worthy. I simply pointed the OP to a resource and an example. Personally wouldn't touch an ETF with a 10ft pole...
  19. M

    Bund Bobl Schatz Fly

    It's a very complicated dynamic. There's lots of views and no consensus. One of the interesting things I used to do is look at the 2s5s10s fly vs economic indicators, such as IFO/ZEW. More specifically, you can try regressing 2s5s10s on the slope of IFO (Expectations Index - Headline)...
  20. M

    enter trades with an opposite hedge.

    Congratulations on discovering RV trading!
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