I'm thinking of doing the same thing. Buying volatility on this dip, I explained a while back that this might be a recurring macro theme to trade, I believe high volatility is here to stay even though the market will calm down every once and a while due debt levels
Very good piece by Hatzius, makes a good case fed will QE in november http://www.zerohedge.com/article/go...expects-qe2-announcement-midterm-election-day
Clarium almost done http://www.businessinsider.com/peter-thiels-clarium-assets-under-management-2010-9
I don't understand why they didnt act on it sooner. A USD under pressure and possibly revisting it's all time lows seems hardly like the enviroment they would like to see given today's polarisation.
Low interest rates and a massive gubmint spending binge have failed. All that's left is currency devaluation.
Running some quick math on this articles numbers http://noir.bloomberg.com/apps/news?pid=20601087&sid=aqEbsj68x7P4&pos=1 It appears that the banks drained $17b(foreclosures * median home price) in future M2 by foreclosure action in August. This would be about $200b annually, which is about -2.5% of M2, rough numbers that are probably not accurate due third party fees and things like that. But yes, future foreclosure action should be quite significant in terms of pressure on broad money growth
Some charts on BOJ, Fed and ECB http://pragcap.com/konichiwa I disagree with the article specially seeing the BOJ balance sheet after their bubble burst, those guys did nothing but cut rates for years. The Fed ballooned the balance sheet right away and is set to do that more. Chart 18 says the increase of money base did not increase broad money, according to my analysis this is incorrect , had the Fed not embarked on QE1 M2 would have collapsed by about 10% due delevering/foreclosures/weak credit growth
Got this link from the Macroman site. Funny stuff, and thought I would post it since Eurowoes are once again driving the markets this morning ... http://alphadesigner.com/project-mapping-stereotypes.html