‘Gentlemen prefer bonds’ – Andrew Mellon The whole generation of gentlemen in fixed income trading desks today belong to the group of gentlemen-prefer-bonds. Just look at the price action of US treasuries and… Continue reading →

The trouble about the sequester is that they knew about it 2 years ago when Obama signed on the spending cuts. Backing down now ? Well, he did not really expect to get… Continue reading →

When you have an Abe as Prime Minister and Aso as his Deputy you sort of have an A team . a-So, you end up with “A-h, I dunno what I am doing but I… Continue reading →

From a reliable source : If anyone is worried about the GLP perpetual being called, DON’T. The Change of Control clause was a sham in the first place because there was NO MAJORITY… Continue reading →

Just a short post to share my favourite weekend read. Pinocchio Investors: How Investors Lie to Themselves Washington Post, 24th Feb 2013. “……a small segment of active traders who misread what the discussion… Continue reading →

I write this as a personal reminder of some of the themes I wish to cover in the following weeks and threw in some humourous headlines I wish to save for posterity. Warning… Continue reading →

It wasn’t me because I am usually not the most attentive person around which makes it good to have old friends who are complementary partners to my life. Swiber came up over lunch… Continue reading →

Wealthy Friend’s 25th marriage anniversary coming up and I thought, 25 years ? That is a long time. Almost a lifetime and more than half my son’s life time for that matter. It… Continue reading →

“In response to the Hunts’ failure to pay variation margin, their brokers began closing out their outstanding futures position and selling some of the bullion they held as collateral. Most of the selling… Continue reading →

I cannot fathom for the life of me why presumably intelligent, sane and reasonable people like me would want to trade the EUR/JPY ? Perhaps its just the long standing grudge against the… Continue reading →