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Political and financial elites ( at the first aproximation, the same people ) understood some 7 decades ago that gigantic government spending is a way of "saving" a moribund capitalistic economy. How many decades more will it take for the religious gun-ho free market people to realize that a...

We all know what drives the usd credit destruction and safety drive it up the efforts of its central bank to offset credit destruction and to ( indirectly ) finance the deficit drive it down its pretty telling when a non-problem like the euro deficits can cause this sort of liquidation...

With the tax credit in place its pretty obvious why all of a sudden 300k houses are flying, since you can get a house with no down payment ... again ... the major difference is that when these babies start to pop, the loss will be on the FHA side :) It doesnt help when fraud is picking up on...

revolving credit fees :D

Mind boggling doesnt quite reach it ... 1.7 Trn in monetization is a pretty big wad. I guess (almost) everyone in the market is eyeballing how much theyll extend it to in their QE: the sequel. Anyway, until they stop "monetizing" huge sums of mbs on a weekly basis ( sep 3 to 9 : 18 Bn ) we...

Sim, obviamente que faz, Português é todo ele poético e é acompanhado por uma compreensão do mundo que o inglês nunca poderá alcançar :) To the case in point, i guess anykind of social upheval would reveal that the society we live in now has had much of the civilizing effect of the...

There are alot of people looking at the similarities between these two ... to me theres just one problem .... from 20-3-2000 to 9-3-2009 the SPX went down 86%, if you quote it in gold terms, a sign of the tremendous monetary inflation we had ... This and only this makes me a little knee...

Maybe your penis is a leading indicator for the market.

Lol, what you really want is for spreadtoGov to be replaced with spreadtoKrauts isnt it :D

One Financial apocalypse away :D Under the present framework i guess something like that would never happen. It would precipitate the collapse of the rating system too.

For listening after the really good trades <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/23lfNaPKKT4&hl=en"></param><embed src="http://www.youtube.com/v/23lfNaPKKT4&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object>...

You dont need a program to tell you were going below 1253 :) I believe the real decision will be between 1230 and 1250 ... if it breaks , then i gess we will have a very depressive bear market on our hands :) This is because since the bottom below 800 to 1230, i count a primary cycle 1.

With these things running around, i will now slowly start to unhedge my short positions :)

Couldnt we easily see the taf becoming entrenched, aswell as tslf and discount rate on par with fed funds rate? These things are as sticky as the addiction for negative real interest rates.

My 2 cents, The bears essentially gave up today, but, this is by no means, at least in my opinion, the prelude to a new bull market on stocks. We actually needed the incredible amount of short interest to go away , before we can put some serious devaluation into stocks. Being a wave bug...

Went to -7.2% on the Dax ... incredible :eek:

I trade the Dax 30 Performance( Fut and Cfds) and we are down almost 6% at this time, from fridays close :eek:

But they have :) Remember the mid september job report at -4k that was somehow revised to +90k in october ( the consensus estimate on september) ... chopper ben cooking the books isnt new and they will probably do it again

They were going to get them anyway ... but the "market based democracies" took care of handing it over to them in a silver platter .... chickens are coming home to roost :) In any case, this is the final lapse of long time negotiations which put at stress the already embattled neocon stuff...