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IMHO, a politician's career is one constant battle for re-election...

I'm still here, ain't I?

*BERNANKE: US ECONOMY FACES FORMIDABLE HEADWINDS *BERNANKE SAYS MOST LIKELY OUTCOME IS `MODERATE' RECOVERY PACE *BERNANKE SAYS FOMC `STILL LOOKING AT EXTENDED PERIOD' *BERNANKE SAYS JOB MARKET REMAINS WEAK *BERNANKE: CREDIT REMAINS TIGHT FOR MANY BORROWERS Everyone back to...

Unless, of course, the neighbor in question happens to own a gun and renders the contract (and you) null and void.

That is, in fact, what's happening, but it's happening quite slowly. There's a lot of technical issues, so, for the moment, at least, the mkt is mainly OTC.

You are sorely mistaken... Trading an OTC product, such as CDS, is always more difficult to execute than something like a put option on MSFT, regardless of whether one is selling or buying. Do things like ISDA, CSA and collateral ring a bell? Of course, if you truly believe that it's that...

A dreadful thing to contemplate... I can't imagine how these people deal with all the logistics of trading CDS with a retail client.

In your business have you experienced inflation since the beginning of the crisis?

My mind boggles... The concept of short-term carry trading doesn't compute.

But surely you would agree that the losses on your calls will be nominal, rather than real? In fact, on balance, there's no reason to assume a priori that you'll suffer real losses at all (obviously, will depend on the specific positions). Furthermore, it's great to be a nominal borrower in...

Here you go: http://www.calculatedriskblog.com/2009/12/if-economy-lost-jobs-why-did.html

This is a silly statement for a whole variety of reasons... So what if you can buy more options? If I have a 100 bucks, I can own a lot more pennies than quarters. The value of my 100 bucks doesn't change. You don't get the right to call Black and Scholes morons until you invent an...

The ECB doesn't have a dual mandate like the Fed, so "inflation is the only needle in their compass" (say it with your best nasal French accent). Their stance also makes a bit more sense in the European context, as the labor mkt is structured quite differently. All taken together, it...

I also happen to think that Sen Bunning is either a) clueless, or b) trying to score some cheap political points, or both.

Off-topic, but Ophir is a fantastically cool name. Biblical, yet not obvious. Kudos!

Are you Stefen Choy, then? There's a couple of other BBG articles quoting LiveVol. That's pretty good for you guys, credibility-wise...

I am with Kass on this, in terms of the dangers of deflation... Moreover, defining inflation/deflation as change in money stock (which aggregate, btw?) is completely misguided, in my view. Especially so in a global modern economy.

I think it has something to do with the NAV cap for the ETN (as someone pointed out on another forum) and the suspension of "further sales and issuance"... So while there's no supply, there appears to be a lot of demand.

Resources are obviously scarce, in an instantaneous sense, which is all that matters for decision-making by economic agents.

Nobody cares about inflation... It's all about the liquidity provisions.