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This is a survey of investors/professionals in the financial community, rather than real businesses, like the IFO. I sense a certain 'green shoots'/'second derivative' bullish bias here.

Well, I honestly applaud your intentions. I think Burghardt will help with the understanding of the technical apsects of the mkt. As to the other, more general, market sorts of questions, I am not so sure you will find answers in books. Best of luck in all your endeavors! If you have...

How about books by Galen Burghardt? He has authored the two bibles: Eurodollar Futures and Options Handbook and the Treasury Bond Basis. I also wish there was a way to estimate the speculative volume vs the hedgers, but I don't know of a way to do it in mkts other than Eurodollar. What...

Agree 100%... I think the point you're making is absolutely valid, but it's a VERY complicated issue.

No, you misunderstand me... The points you make may or may not be valid. All I am saying is that, in my view, the piece of research you've quoted is so deeply flawed on so many levels, it's impossible to draw any inferences from it.

Wait a sec, doth my eyes deceive me? Firstly, the author of this piece of research uses $/CHF, for no better reason than to have more data, blithely ignoring the fact that $/CHF is a pair that has its own idiosyncrasies, so god knows what he ends up measuring. Why doesn't he take cable...

An ignert question, if I may... Could the property situation, at least in part, be a result of some long-term effect of the integration? Some supply overhang or general economic malaise in certain regions or something of the sort? Just curious...

Personally (not that I would claim to be any sort of expert), it's not like you're paying theta for nothing, is it? You generally get the gamma you pay for, as otherwise things would really be too simple. So I don't think there's a hard and fast rule. In my view, the only way to decide when...

These are complicated issues you're raising. One thing's for sure... If they do stop buying UST, it will be a glacially slow and rather quiet process. If I were you, I wouldn't be getting into the short UST trade expecting it to work this week. In fact, as last couple of weeks showed, you...

I was never too happy with Redi... It's nice and everything, but a) due to all the bells and whistles it was always a wee bit sluggish; b) GS clearing is expensive. My Z$2c...

Agreed... Politicians have the power to, invariably, make things worse, which is why true independence of the Central Bank is as necessary as it's impossible to actually achieve. It's no wonder Jean-Claude keeps warning politicians against pro-cyclical fiscal policies. However, my personal...

I am not sure what 'academic community being exposed by Taleb' you're referring to here... Last I heard most of the work done by people in behavioural economics/finance and extreme value statistics, not to mention certain people in mainstream finance, was on the very same subjects Taleb so...

No, I think its side effects (debt burden) are long-term, but the issues it's designed to address and its direct effects are short-term. As one former member of the Bank of England's MPC said, 'Bubbles are lovely!'. There's a very strong political incentive to create bubbles, as you...

Well, my goal in asking the question was to simply understand what motivates people to object so strenously to the presence of RSJ and the like. Specifically, I wanted to see if it's just the case of 'sour grapes' (they can do it better than me, so I will contrive to trumpet everywhere that...

By definition, economic policy works on a relatively short horizon (arnd 5yrs), as it's impossible to model the state of the economy and the effects of policy further out. The other factors you're referring to act over a much longer horizon and I don't think economic policy can hope to...

Well, if Taleb's a full professor, pls do explain to me why he has so much dislike for the academia that he's a part of... In all honesty, I actually think Taleb was a pretty good academic and had done some very worthwhile work, until he started to focus almost exclusively on his...

With all due respect, Guy, you're confusing logic with naivete... All I am trying to do here is extract an answer to a VERY simple question from you and others who hold similar views. I am not passing judgement on legality or long-term viability of algo trading that you dislike. So...

If you want to read a thoughtful critique of Taleb and his methods, look here: http://www.efalken.com/papers/Taleb2.html

Bloomberg BLAW function comes to mind...

Whether I am in fact a total prick with little understanding is completely immaterial... Similarly, I didn't express any opinions on any grandiose subjects like the future of the mkt. Most importantly, did I ever say that what RSJ do is good or bad? Again, what does your comment have to do...