Global Macro Trading Journal

[Specterx]

Interesting: http://business.time.com/2012/05/16/is-the-fed-to-blame-for-jpmorgans-2-billion-blow-up/

Not so much the content but the fact that these topics are even mentioned in a mainstream media publication. Slowly but surely people are coming round to the idea that the Fed is ultimately responsible for most of the awful things that have happened.

 

[ralph00]

China, ugly.

http://ftalphaville.ft.com/blog/201...-story/?utm_source=dlvr.it&utm_medium=twitter

 

[Daal]

Interestingly the verbal bazookas have been failing. Now Draghi is out with comments he wants Greece in the EUR, yet the currency is not moving much. Seems that people want to know how they can these 2 realities co-exist
-Syriza doesn't want the bailout package/austerity but wants to stay in the EUR
-The core EU says if there is no bailout package/austerity they can't stay in the EUR

 

[ralph00]

https://twitter.com/#!/TradeDesk_Steve/status/202785477504401408

 

[sprstpd]

Quote from ralph00:

https://twitter.com/#!/TradeDesk_Steve/status/202785477504401408

50 euros - that would cover maybe a few lunches.

 

[Daal]

This guy must be reading this journal
http://www.marketwatch.com/story/ge...t-let-greece-exit-euro-2012-05-16?siteid=bnbh

 

[Daal]

http://ftalphaville.ft.com/blog/2012/05/16/1002681/why-chinas-rmb-exodus-is-the-story/

 

[darkhorse]

Matthew Lynn's biggest call ever was that the iphone would be a flop, though, so that's something to chew on.

Wall Street Journal too

Greece would need to keep its decision to exit a secret as long as possible to avoid even more money fleeing the country. Ordering new drachma notes could take months and could leak, encouraging Greeks to increase euro withdrawals from banks, accelerating the exit timetable.

http://online.wsj.com/article/SB10001424052702303879604577408464141355748.html?mod=e2tw

 

[Daal]

Bankrun hits Spain and Gold soars, coincidence?I don't think so

 

[Daal]

Gold could become a play on the EU fears and capital flight(Plus the usual QE, rate cuts). I'm already quite exposed to Gold(17%) due the way I hedge my currency exposure. If I wasn't I would take a bet here that the gold meltdown would turn, small downside and potential big upside