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But that is the point. You are not a stakeholder in their business and they do not want to be a stakeholder in yours. Not sure how to spell it but have you not realized that traders are not what one would call a Kumbaya group!

denner, I am not suggesting the huge borrowings are a sufficient condition to trade on but this time is different. The Euro banks took down $638 billion (with a B) in three year money -- TODAY! These are not just promises this is real money. That is not to say it is all wine and roses. The...

I ca not speak to whether current legislation prohibits negative rates (although I doubt it does) but in the '70s my partner and I owned a tiny -- two employees beside us -- Swiss investment bank. Our office was in Lugano and I was stunned when ourbank noticed us that as of the following month...

In 95% (or 98%) of the instances where the trader DOES GET FUNDED he has skin in the game. You may not like the logic of that reality but before you spend another decade you should accept that reality. System or discretionary they know that traders frequently pull the plug on their own trades...

I am very curious to know a definitive answer to this. Anyone have any information or a direction to look in?

But you cannot short in a cash account -- long only. \

House money is what the house has won. The money you are up has a very descriptive name - your money. If you have a hard time keeping track of that concept you are at a serious disadvantage.

While the investors are prepared to give a proven manager with a real track record more leeway there seems to be a magic number. Once you head south by 20% they are nervous ... by the time you hit minus 25% you are spending so much energy fielding calls from investors it will almost certainly...

Why does it seem so hard for some traders to acknowledge that there is money to be made in any and all time frames. On any given day, week or month one time frame will trump others but over the span of time the better traders will profit as the weaker traders will suffer. It has always been...

Why is this surprising? A loan secured by collateral (such as a mortgaged home) is, by it's very nature, senior to unsecured debt at least with respect to the specified collateral. Or am I missing something?

Martin I have followed your posts for years so when you commented of course I took the comment seriously. After reading articles like this in October i took my eye off Greece (more completely than I thought) and thought Italy, Spain etc. were where the game was centered. Clearly the...

Historically bankrupts (of all stripes) end up returning to the debt markets at much lower rates. Counter-intuitive? Not really ... shedding the debt pisses people off but it dramatically improves the balance sheet. Particularly in the case of sovereigns as they rarely give up a substantial...

Every news outlet in the world -- including AP -- told us that the banks had agreed to the haircut. Trumpets were blown and champagne corks were popped. We know they are all lying SOB's but this one goes right over the top! AP -- 12/16/11 GREECE: European officials told The...

I'm not suggesting I have any numbers to back this up but this strikes me as a VERY FREAKIN' BAD IDEA!!

Solid traders will do well in their chosen time frame and, just like always, weak traders will limp long until they get taken out almost instantly when they finally go on tilt.

Exactly. The banks know the average maturity on the paper is well under 10 years so that is their benchmark. In addition there is a certain amount of fee income to be generated and, of prime importance, is that they know the mortgagee tends to maintain a broad deposit, loan etc. relationship...

ZN -- the ten year note seems to be the preferred vehicle.

I missed that this article was in that forum.

I'm not going to pretend to be sophisticated enough to know if this is correct down to the details but it is, I believe, likely to be proven largely accurate once the story has unfolded. ET member Ed Breen posted this in another thread which is where I discovered it. I think it deserves its...

At one time it was said that if your last name was Murray you were in a CBOT pit but if it was your first name you were at the CME.