In other news: "People are fed up with weather"
Where are you getting 40-50% drawdowns from? The corrections in JGB futs were 7-8% in 98, 03 and 08. Add in TIBOR financing and you're closer to...
You're missing Dalio's point when you blow off his analogy with 'that's the past'. He brings an example of an asset class that did well 15 years...
Marfin's stock is down 98% or so from 2007 highs so yes, they're probably not doing too well.
...opening the 2nd bottle of red wine for the day as he prepares a cheese platter while lamenting to his wife he only had a two hour lunch break.
What's your average person? An North African migrant, a union leader, a teacher turned politician or maybe a manager in a French government...
LOL So true.
He conveniently left out the fact that the Brits can print their currency in abundance. A discretionary freedom the French (alongside the PIGS) do...
These are the aggregate SEC reported US equity longs? What a worthless metric. The article is a pile of junk.
The Brits are doing the right thing by burning bridges with the EU and the EURO. The outcry in Germany and France is big as some lower-rank...
There is no guarantee your wire (instructed before bankruptcy) is not going to be clawed back in bankruptcy court.
Can't wait to see Schauble's face at the press conference announcing the nationalization in 2012.
I'd fully support the EURO (including the Brussels waterhead) if there was a fiscal union. But there isn't and there likely won't be for another...
90% of the people don't understand how to short a currency so for the benefit of the proletariat we should just go ahead and blindly start a...
I think that's a smoke-screen for an argument. A saver in British Pounds can always short the Pound vs. the EUR (or USD) if he wishes to have...
You don't see the benefits of a free-floating currency? You can't be serious?
Dumped almost half of my long stock exposure into this ramp and added some hedges. Across all my accounts I'm probably net neutral equities now,...
It makes sense if you replace Switzerland with Swaziland :cool:
Next Merkel & Sarkozy bullshit press conference coming to a TV screen near you soon.
The Germans know deep down in their heart they'd do better if they were to exit the EUR zone asap (aka bail-out zone) but they lack the balls to...
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