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Well, you can see it in the front contract... Dec9 FRA/OIS at 16bps now, only wider by 2bps. Printed at 19 at one point, apparently.

Dubai doesn't have those things. Abu Dhabi does and they might lend money to Dubai, for the right price. It's all about face. Dubai cousins losing face is OK, but the whole region - no way. So, as Nakheel goes down, Abu Dhabi will make sure Dubai is properly humiliated before bailing them...

SNB in da house this fine mornin'...

There hasn't been any default yet... Definitely not a sovereign one, and not even a corp one thus far. The FT has been talking about the Dubai issue quite a bit recently. See here, for example: http://ftalphaville.ft.com/blog/2009/11/25/85291/the-sun-never-sets-on-dubai-world-really/

Rightie-o... This is where I throw in the towel. Best of luck to you!

I am inclined to agree with your assessment, esp in light of what's been going in the mkt.

Duuuuude, I think you're drunk... When did I ever say 'there is no correlation'? I used the term "causality". I hope you can understand the not-so-subtle difference between the two. As to the rest of your comments, I don't quite know what to say, apart from 'Good luck!'...

In what way is my question 'elevated', pray tell? Imagine a very simplistic world where VIX is an estimate of the expected volatility of an equity portfolio. If the VIX goes lower, could it conceivably lead to a higher expected risk-adjusted return on the portfolio? In this hypothetical...

I am not sure I understand you... Can you tell me how you intend to determine the causality in the relationship between any two given indices based on their two charts (correlations)?

Sh1t, I'd better leave now, I guess...

Have you considered the possibility that the causality between the VIX and SPX isn't the direction you think it is?

Attached is the chart of the FRA/OIS for the 6th rolling Eurodollar contract (i.e. it's the Mar11 only for the few months recently)...

Some of them are both places, y'know?

31.7162 per $1000, according to the prospectus...

I am quantitative-driven discretionary...

Well, it appears that 85 is the new line in the sand... At least Sakakibara thinks so.

I went long USDCHF, for the record...

Well, FRA/OIS for IMM dates is quoted in the mkt directly... According to the screens, current mids are as follows for whites and reds: Dec9 12 Mar10 15.13 Jun10 17.75 Sep10 18.25 Dec10 21.88 Mar11 21.25 Jun11 21.25 Sep11 21

You have heard about the revised UK GDP figures, right?

When did I ever say I don't know a family that earns less than 50k? What your strange and misdirected outburst is telling me is that you cannot cite even decent anecdotal evidence to support your relatively wild claims that inflation has far outpaced wages. Given that, I think I'll ignore...