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What does the Eurozone have to do with Britain and the Pound? Moreover, I thought we're talking about Germany exiting, so I don't understand what you're saying. They would have to ring-fence the German banking system, if they decide to exit. When the cost of the periphery bailout exceeds the...

They have just come out today (Gonzalez-Paramo) and said that they will publish the details of how they'll be sterilising the bond purchases next Tuesday. That look like monetization to you? At the same time, Spain came out yesterday with additional austerity measures (5-15% cuts in civil...

I have no link. I have spoken to people whose people know people, if you see what I'm sayin'. At any rate, you don't have to believe me. Out of curiosity, does the article you have posted say anything about the fund's AUM?

The greeks don't put a price on an option. They are functions of the instantaneous price of an option observed in the mkt. They also allow you to make an instantaneous forecast about what might happen to the price of the option, if a factor moves in a particular way. [B] The option is...

Just thought you must be a schatz man, given your username.

Synthetic CDO-squareds, the easiest of them all... Are you into trading Schatz futures on Eurex, FGBS?

"Skew" vs "smile" has to do with the shape. As to quantifying the relationship between ATM and OTM vols, that is also a bazillion $ question.

Took me a while to check... There was never any new fund. It's always been SemperMacro and its AUM has gone down from arnd $2bn to something utterly piddly and insignificant now. S-J is not on BBG any more and nobody in the mkt seems to know of the fund. My understanding is that his woes...

+1

Why not? How are the two different? What is a bond purchase, for example, if not lending unsecured to the issuer?

I think you'll find that the banks actually deposit that money back at the Fed to earn their 25bps. Moreover, putting money into asset classes, is lending, innit?

I have a theory too... I believe that Britney Spears is an extra-terrestrial alien and she is the one manipulating all the mkts.

There has been a lot of discussion of this a couple of weeks ago... Stanley economists and Martin Wolf have been suggesting this recently.

$1mil mine...

I hope so... [B] Unless you're right, of course... [B] You're not the only one. You don't have to agree with my views. My conclusion regarding the expected path of the drachma/EUR exchange rate seems obvious, because, as I have mentioned already: a) it's based on fundamental...

The discount rate isn't the rate at which banks borrow from the govt. Google be your friend! http://en.wikipedia.org/wiki/Federal_funds_rate http://en.wikipedia.org/wiki/Discount_window

It's not about the platform... These options are simply not liquid. Most dealing in FX options happens through OTC, as I am sure you know already.

Please stop propagating this nonsense...

Not Greece, as I can't do that... However, I am long other periphery vs core.

It is pretty obvious to me and probably to a whole bunch of other people. There's also quite a few precedents. [B] What could possibly lead you to this conclusion? [B] Firstly, the Greeks already have a central bank and, surprise, it employs central bankers. There's also the ECB...