i like this (in fact I have a similar relative value position on). the bit i do not understand is why you want to waste cash on these puts (at...
in the longer term not really...and that's not how you manage asset allocation in any case. i said i need to have some assets in europe - and as...
thanks for the sympathy. :) indeed. it is truly amazing considering that by any trade measures NOK is the most undervalued currency in the...
I agree with today's under-performance - but that just made the level more ridiculous. I have it as a long term hedge against EUR problems (as...
isn't it amazing, that a currency (NOK) that has no problems whatsoever (debts/deficits/etc) and which would in case of a demise of EUR basically...
yeah - and leaving the family behind...
well it is not that textbook easy... the biggest net exporter in the world based on common currency is eurozone (and the countries closely...
explain why cheaper EUR is essential to solve Europe's problems. you mention this mantra all the time but it makes absolutely none macro sense...
that's a completely wrong interpretation of Europe's problems...
if I wanted to give the source (or could for that matter) I would have done it in my previous post... things are changing quickly in this...
i think NFP number is close to irrelevant and if you think the rally in the past few days is because of good expectations of NFP number then you...
you mean selling USD denominated assets for EUR cash?
why a weaker currency? trade balance for Europe can't be much more positive already...
why is AUD and CAD on the same boat vis-a-vis USD in Armagedon scenario? the commodity argument never made much sense to me....
who cares...
So true. p.s. and mentioning Tilson in this thread is just polluting it.
it looks like he reads this thread...:)
i may have been misunderstood here. actually i think the banks are more than well capitalized and TARP2 will never be needed. i just thought about...
:) so what do you suggest would happen? all Americans would lose their money? LOL
FDIC is broke. it would have to be solved by new funding from Congress and/or Fed. but even republicans claim that we should have bailed out...
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