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Huh? Methinks you're a wee bit confused... The Fed has been paying interest on excess reserves for a while now, at the FedFunds Target rate. So how do you figure they're gonna "start conveniently with zero"? As to the big rally in treasuries in the past 10 days, have you heard of this...

It's a collective name for a set of execution tools offered by Barclays...

Barx can def access the exchanges you list. Not sure about Redi, but it probably can, as well.

What implied correlation might you be referring to? Is it a two-asset option or something? As to the moments, wouldn't it be easy to get those once you have the risk-neutral pdf that you have obtained from option prices? The pdf is relatively easy to compute...

Well, lots of Greek paper sitting on banks' balance sheets, but LIBOR/OIS and VIX were both back to pre-crisis levels. Moreover, various questions arising about the new bank regulations. Can't blame people for wanting to buy some protection against a LIBOR blowout. Someone lifted 50 bags of...

You got to ask yourself one question... What if Greece defaults next week and there's a LIBOR crisis? Long H/M ain't gonna do too well. Alternatively, what if the ECB actually decides not to remove liquidity, since they believe the banking system is too fragile? Do you wanna be short Jun?

It's mostly base effects...

Anaconda, don't have time to respond at the moment... I will, when I get a chance. Don't mean any disrespect.

Correct me if I'm wrong here, but don't equity vols almost always exhibit a smile? Given that, wouldn't buying deep-in-the-money options necessarily entail paying quite a bit for the vol? And, if that's the case, wouldn't you rather just punt the underlying?

Well, we're just gonna have to disagree on this... My considered view, without going into too much gory detail, is that to try to abolish fractional-reserve banking in a modern society would be to deny basic human greed. As recent history has demonstrated, you can't suppress, regulate away...

Here's my answer to this question, prefaced with a bit of philosophising... I believe that in political economy, just like in many other areas of human endeavor, there's no such thing as an absolute wrong or an absolute right. Every stage of human development offers trade-offs, choices...

You're certainly entitled to your opinion regarding whether or not I am ignorant. I disagree, as you'd expect, and would just point out that, given that one cannot possibly know and be an expert in everything, one has to make choices. At least I am honest about it and don't pretend I am...

Several of my electronic platforms have similar language under the 'Terms of Use'. As to the actual subject of the ZH post, what is described in the letter is most definitely NOT front-running and ZH should know this. If you want a detailed explanation, see here...

When I get in, I do it for the sake of a few big figures, no less.

Well, arguably, we had some real sh1t economic data as well. Doesn't that count for something?

That is most certainly not what I said, if you read carefully. I stated that I am not an expert on Austrian economics (I've found that learning more is not worth my time).

I stoopid! I get headakes from trying to think! I tryed the hardist becaus I reely wantd to lern I wantid it more even then pepul who are smarter even then me. Anaconda is nice!

This is misguided, IMO. Maybe one of the LiveVol boyz is arnd to, hopefully, point out the error of your ways. They like to point out the various flows they see.

Why would I be? I don't see anything particularly funny...

Duh! Lockhart is a 'saltwater' boy, I should know this...