Comments on: Short Term is all they have to play with. https://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/ Author of THE DEBT GENERATION Thu, 06 May 2021 15:02:51 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Borsos Méhészet https://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4706 Thu, 11 Aug 2011 20:05:59 +0000 http://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4706 "Latest is that a the leader of the largest group if regional and municipal governors said yesterday that a one month moratorium on municipalities paying their debts won't be enough. He said three months would be needed. People, that is a default." – we're talking about 1 year& 3 years respectivly

]]> By: forensicstatistician https://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4630 Wed, 10 Aug 2011 07:41:28 +0000 http://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4630 Golem

I'd say that the main suckers in finance are the ones who are looking after the mass market retail investment funds (such as company pensions).

The smart ones have squirreled it offshore.

]]> By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4612 Tue, 09 Aug 2011 18:34:39 +0000 http://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4612 And it has unfolded exactly according to plan. Banks ramped up – with the financial press doing the work for them with headlines like "Bank stock back in vogue" (MarketWatch) until teh Fed statement win which they did NOT roll out QE but simply saud low rates to continue and seconds after teh nmarkets start to frop like a stone led by guess who…the banks. Who will have sold to the idiots who read the financial press and believed the propaganda.

Pump and dump. When will people learn?

As you say even the volatility index is volatile.

European markets will drop like anvils in the morning. And once it is clear how limited teh ECB's pockets are, the 'contagion' will be back on.

The say there's a sucker born every minute. What I hadn't realized is how many of them work in finance.

]]> By: forensicstatistician https://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4604 Tue, 09 Aug 2011 14:21:34 +0000 http://www.golemxiv.co.uk/2011/08/short-term-is-all-they-have-to-play-with/#comment-4604 I think it's the short term that is frightening me the most!

The Gold price is like a jack in a box. Also look at this S&P Volatility index:

http://uk.finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=off&z=l&q=l&c=

Volatility has shot up in recent weeks. (Man I love an index of volatility that is itself highly volatile! It totally confuses those Gaussians).

Note the similarity to September 2008, except the ramp up is even more sudden this time around.

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