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I'll rescind my previous comments in light of the new information.

Yeah I completely concur. The optionality alone adds a lot of value on top of the earnings yield. Not to mention there are other benefits such health benefits and just knowing more about the world in general.

Damn, how old are you? I love that movie but that is going back a few years...lol. Here is my issue with the college whiners. Go to Europe and become an engineer, you will make 30k Euros a year. Sure, no debt but you get healthcare and good retirement but its still 30k Euros. Go to school...

When you are starving for yield you are sending a price signal to the market to "create more debt". Go back to 2007. When the MBS market became over subscribed, they had to manufacture the synthetic CDO's to meet market demand. There was no underlying mortgage attached to those CDO's, it was...

It's more complicated then that. Debt is fine if it's used for growth. The housing sector historically has offered no growth beyond inflation so increasing debt to put into housing is not sustainable long term. Debt used for productive purposes that offers return on the margin is good.

This is correct. I'll also add that one of the main drivers in FX is the forward expectation theory. While Japan has neg rates, in real terms their rates might be positive. When a country has deflation like they have had for decades, real rates can actually increase while nominal rates are...

There is no doomsday talk. Most people, myself included, believe a housing crash would be bullish not bearish. But most people, myself included, believe this is years away. These are not trades you are going to put on next week. So there is no consistently wrong. Or consistently right. Nor...

http://www.zerohedge.com/news/2016-07-15/housing-bubble-20-are-you-ready?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)

USD/TRY up 1400 pips...

I guess those monthly Bond levels are going to hold after all.

3:1 usually. The CME website has all the ratios for the various interest rate spreads to make them duration neutral, not vol neutral.

No the NOB spread. FLAT I believe tracks the 2/10's.

A much better trade is buying this curve on the pullback (10's and 30's) i.e flattening. I think this curve is going to keep flattening until we go into a recession. It pulled back nicely the last few days and this is a pretty good entry.

We are right at the monthly A down at 171'18 and the QTR A down is 170'18 or so. So anywhere in this range is a good buy. However the 30 day NL has been breaking down and it's at a -6 now. So I would probably pass unless you are committed to the trade for other reasons like to hedge your long...

http://www.businessinsider.com/shelter-growth-hedge-fund-dan-sparks-assets-investors-2016-7

Are you not going to update your p&l while you're in drawdown? To be fair, regardless of what the reasons are, this is really where people will learn the most about what you are doing so you really should update the results and not just say you didn't follow the rules.

Robert! There you are. I can call off the Dobermans now. :) Monthly around 2123 for ES. So far the QTR A up help but it's an expiration week, so all bets are off.

ES QTR A up at 2150...

Up 450% off the 2008 lows with no leverage. LOL. And you get your 4% divie too. :) This is a 4 billion dollar real estate bundle.

Yeah you could just superimpose the 30 year bond chart, looks the same. The more stunning chart really is when you look at home prices from like 1950 to 1990, basically a flat line that tracks inflation almost one to one.