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That's the myth... In reality, it's not that simple. I give you: Fact 1: Japan had been and still is running a large trade surplus. Fact 2: Yes, household saving rate has been declining since the 90s, for all the obvious reasons, but the corp saving rate has gone up enough to make up for...

It has been going down every day for the past three days... Even more after Jean-Claude's performance yesterday.

I don't think sterling index trades on any exchange.

Did you read the contract specification carefully? It mentions that a short sterling contract's EDSP is determined by the 3M GBP LIBOR fixing published on the last trading day, rather than the bank rate. Hence what you're observing is the spread between LIBOR and base (as well as the risk...

The ECB is a jawk... With everything that happens (or, rather, that doesn't happen, as the case may be), I get more and more bearish about the survival of the EMU.

GE0 is what's known as a mid-curve. Specifically, in the case you're looking at, you got a mid-curve 99 strike put that expires arnd the same time (13th of Dec vs 10th of Dec) as the regular, front one, but the underlying for the mid-curve is red Dec contract (GEZ1), rather than the front Dec...

This paper is silly...

Makes no sense... If I am a fixed-rate borrower, high inflation is the best possible thing that can happen to me.

That's likely to be in preparation for the big roll of the 440bn coming off. Not a big deal, IMHO.

That's then just a question of sizing the trade correctly. When you say futures, do you mean FX futures? If so, for purposes of this conversation, it doesn't really matter which you choose. As to CHF, it's not without risks of its own.

This makes no sense. If you're certain that EUR goes to parity vs USD, why do you care about fake rallies, shake outs or anything else? Also, if you're certain, why do anything other than going short EURUSD? [B] There's all sorts of possibilities. You can sell EURCHF, EURGBP or many other...

Have you seen this here, spindr0? There's a bit of VBA code (it's on the second page and written by none other than Collector) that implements the Newton-Raphson method. http://www.wilmott.com/messageview.cfm?catid=4&threadid=3656

Think you're wrong in this particular case, GoC... Have you seen where UK CPI has actually been printing recently? Check this out: http://macro-man.blogspot.com/2010/05/innffflllaaaayyyshhuunnn.html (caveat: I am short short stg).

Yep, that's right... That's what happens to grown men when they stop out and lose money: they start whining like little babies. They get bitter and pissed off with the world and start blaming "powers that be" for their own mistakes :).

You tell me, senor... I am not buying until I see the sh1theads that are supposed to be in charge in the EMU get their act together. They have to start showing that they collectively care about the fate of their ccy union. So far they don't seem to give a rat's arse... Yep, feels like money...

Well, funnily enough, the SNB just went back into the mkt to buy EURCHF. Hence EUR bounced, European periphs caught a bid and it seems like Spooz decided to follow.

Sure, you're a conspiracy theorist...

Weren't people saying that about the powers that be in Europe and how the Illuminati will never let the EUR go down?

Really? I am selling USD here...

Here you go: http://www.euronext.com/trader/contractspecifications/derivative/wide/contractspecifications-3657-EN.html?euronextCode=L-LON-FUT Very liquid stuff, but prone to flights of fancy and overreaction...