Global Macro Trading Journal

Debaser82 · Jul 12, 2011

So you guys think Euro and CHF will reach parity next week?....

ralph00 · Jul 12, 2011

Is my screen right? I'm seeing a 900 point = 5% bounce in Italy midday, and the index is still down 1%. LOL.

Martinghoul · Jul 12, 2011

Nothing to worry about here:

EU Parliament President Buzek Says No Crisis in Eurozone Area

Daal · Jul 12, 2011

Quote from Martinghoul:

Daal, this is the place to go for the latest statistics on who's exposed to what toxic crap: http://www.bis.org/statistics/consstats.htm

It's the data that the report I mentioned yesterday is based on.

If I'm looking at this correctly Swiss banks hold a ton of US, UK, German and Japanese debt

Martinghoul · Jul 12, 2011

Quote from Daal:
If I'm looking at this correctly Swiss banks hold a ton of US, UK, German and Japanese debt

Yep, looks about right and I am sure it's a function of liquidity preference, rather than looking for yield. So they're not carry munkies, which is sorta encouraging.

Daal · Jul 13, 2011

EFF is at 0.06% and bernanke is talking about cutting the IOR, negative rates?

Martinghoul · Jul 13, 2011

Quote from Daal:
EFF is at 0.06% and bernanke is talking about cutting the IOR, negative rates?

Nothing wrong with that... The RiksBank did that (sorta).

ralph00 · Jul 13, 2011

Our Fed chief is certifiable. The man needs to be removed from office.

m22au · Jul 13, 2011

Quote from ralph00:

Our Fed chief is certifiable. The man needs to be removed from office.

He's saving the banking industry at the expense of the airline industry and auto industry

Martinghoul · Jul 13, 2011

Quote from ralph00:
Our Fed chief is certifiable. The man needs to be removed from office.

I don't get this at all... I thought the statement was extremely balanced and he basically didn't say anything that would indicate which way they're leaning. He said that they might offer more stimulus or they might move towards less accommodation.