Global Macro Trading Journal

Discussion in 'Journals' started by Daal, Feb 25, 2011.

  1. There's a new BIS paper out, but I don't think you should be concerned. The FTQ inflows into CHF are going to far far outstrip whatever selling might occur when people realize CHF banks are exposed.

    This is the paper and you might find what you seek pp15 onwards:
    http://bis.org/publ/cgfs43.pdf
     
    #671     Jul 11, 2011
  2. Daal

    Daal

    #672     Jul 11, 2011
  3. m22au

    m22au

    On a related topic,

    the NYT graphic in this article might be a bit old
    http://globaleconomicanalysis.blogspot.com/2011/01/italy-invisible-elephant.html
    http://3.bp.blogspot.com/_nSTO-vZpSgc/TSb7zq2AHaI/AAAAAAAAKNY/jwrI1QvB6CQ/s1600/web+of+debt.png

    but it is a useful starting point for who owns what dodgy PIIGS debt within the Eurozone
     
    #673     Jul 11, 2011
  4. Daal

    Daal

    #674     Jul 11, 2011
  5. Daal

    Daal

    Thanks
     
    #675     Jul 11, 2011
  6. Daal

    Daal

    #676     Jul 11, 2011
  7. Remember the email you send Jim Rogers about the CHF, Daal?:D

    Anyway, I remember Rogers being asked what he is bitching about loose monetary policies since he gained from it.

    He said yes he was making a profit but he wished he wasnt this way.

    I can relate to that these days. My bank is down 10% today. :p
     
    #677     Jul 11, 2011
  8. Daal

    Daal

    I remember, I was wrong(Or 'early' as some would say). I'm still skeptical of the CHF, I keep one eye on the P&L statement and the other in the sell button. Hard to trust a currency that has a large PPP premium due being a 'banking haven' during a global sovereign debt crisis. I'm wondering what the hell their banks hold if it isn't EU debt
     
    #678     Jul 11, 2011
  9. There's an etf for bunds. Can't remember the ticker and it probably doesn't have a lot of volume, but provides an easy way to get exposure at whatever size you like.
     
    #679     Jul 12, 2011
  10. #680     Jul 12, 2011