Global Macro Trading Journal

and again this morning with further rises in Spain and Italy bond yields

 

SNB intervention ???

 

SNB rate cut.

 

A nice article on fiscal transfers within the US.

http://www.economist.com/node/21524887

 

Corzine being floated to replace Geithner? If this happens, it's proof that BO is the most clueless President ever or that he takes orders. I suspect a bit of both.

 

Here's an etf for you . It's a 2X long gold/short S&P fund. Up 44% in a month.

http://www.google.com/finance?q=fsg&hl=en

 

thanks for that Ralph.

However I'd prefer to create the positions myself - especially if I can look for alpha by shorting airlines instead of S&P 500. (today's massive airline bounce from the lows notwithstanding)

 

Kocherlakota is speaking, I'm sure he will remark how '50bps of hikes by year end are still possible'

 

These same idiotic currency interventions over and over again that blow out of steam 3 hours into the day....



Such bullshit....

If they want the CHF to drop send every Swiss a 10K cheque.

It it doesnt helps send him a 100K cheque.

That aught to knock of a few percentages on the forex markets.

 

They were just trying to create a bounce in the euro to allow banks to unload even more.