"The captain of my team is better than the captain(s) of your team at convincing us - the great credulous mass of tribalistic half-wits - that...
They wouldn't be selling the gold. The gold is currently on the fed's balance sheet at ~$40/oz. It would just be an accounting change marking up...
I'm having trouble deciding which network is more of a partisan joke: MSNBC or FOX. They really are in a heated battle on that front. Mathews...
Ya, it would not be easy or painless. He could use an iceberg and/or try to offset in something bigger. It's basically a time-risk vs....
An interesting point by economist Paul Kasriel @ Northern Trust ...Pushing Treasury Default Beyond August 2 If the federal debt ceiling were...
Also, let's say he was able to double again, and got to ~1700 lots(even 1000-1200 lots.) How was he planning to exit that for a profit, coming...
It's hard to argue he's got any market savy when he turns a 1-lot loser into an 850-lot loser in about an hour and gets liquidated by his broker,...
sell vol, buy xanax
As for this whole Dem vs. Rep blame game: come on, they're both trying to use this crisis for the 2012 elections. Parasitic, power-hungry...
+1 Even if you're not a Keynesian purist you have to admit that slamming on the breaks after 3 decades of flooring it will not end well. The...
Some firms only offer those low day margins for positions under a certain size. The fact that he tried to add and couldn't means: 1) he lost...
Nothing meteoric but the pre-market suprise fed cut during the crisis was good for a quick 40-50 handles in the ES. Also the suprise cut in early...
Not sure if default is the right word. It's more like forced austerity. I agree that, in a perfect world, the debt ceiling should be raised...
I think the things you mentioned would probably have a large effect, but it would take time for the market to believe they are legit and price...
As others have said, years behind the screen and a lot of losses.
The fact that you thought in terms of max liability is a good sign. Theoretically the max liability is infinite since a short futures positions...
You're making a pretty big assumption there. Seriously though, it's probably a few things: 1) He's using the GD as an analog. There were...
It seems like many believe a failure to raise the debt ceiling would lead to a debt default. Can someone explain why they believe the...
In 2008 - when there was a crisis in the private sector - money flowed into the USD and then into treasuries. Fear of the U.S. fiscal/debt...
Selling of USD-denominated assets doesn't increase the FOREX value of USD. If people sell those assets, they either increase their USD cash...
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