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Well, my point is that I just don't see any objective fundamental reason why the medium of exchange has to also act as a store of value. Is it written somewhere that this always must be the case? In response to your other question, indeed, in an overwhelming number of cases, if I produce...

Right, so you're assuming that the medium of exchange also has to be a long-term store of value. Why is that? Is this some sort of a fundamental rule?

Ah, sarcasm... How wonderfully humorous of you!

Belgium purchases are most likely the result of the Russians changing custodians (Belgium is home to Euroclear).

Actually, I'd argue that a lot of things held "value" better than gold and silver. Picassos probably don't fare too badly on that front.

I am not sure why this has anything to do with the BLS "discovering" anything... Due to a whole variety of causes, global food prices have been on the rise recently (partly reversing the falls experienced previously). So PPI is simply a reflection of what's been happening in the global mkt...

Ah, sure... My view is that the behavior of volatility that we observe is a result of leverage. More specifically, it's the accumulation of leverage that matters. This would also explain why this "clustering" is so pervasive.

I have a feeling that you're gonna tell me... Besides, I wouldn't want to disappoint you with my "incorrect" answers.

Gundlach's record has been pretty good and I've followed his views for a couple of years now (not too closely).

This is generally correct and is a feature of many mkts...

This is a good thing. Banks, which collectively enjoy a taxpayer-funded backstop, should not dominate trading. Moreover, as a side effect, the playing field is becoming more level.

I do trade options, among other things, yes... Why don't you explore and try to exploit some of these put-call parity "mispricings"? It's the only way you'll be able to know for sure what's going on out there in this inefficient options mkt...

There is nothing here to comment on...

There isn't anyone in the mkt who is fully in control of their own destiny, whether they be speculators or otherwise. A statement of that sort is really neither here nor there.

Picking up pennies in front of a steamroller is a very appropriate metaphor. There's only edge in that strategy if you're driving a tank. Options sellers have a trading edge, in certain circumstances. In others, they don't.

I forgot to mention that you're not addressing the actual concern here... If you're correct and Russia does represent an existential threat to Western and Central Europe, why is it that only 3 European member states abide by the NATO charter that stipulates a minimum level of military...

You're certainly entitled to your opinion. To me, your interpretation doesn't make sense, given the timeline of events, the evidence of American foreign policy actions and the previous precedent. Say what? You have this amazing insight into Russian character and culture how exactly?

Oh, not this again...

Aye, no worries... Have a good w/e!

I don't know, honestly... I am wondering myself. To be honest, I also recognise that I have a bias, as I hate the neocon ideologues, may they burn in hell, with a passion. So I tend to blame them for everything. It's probably excessive.