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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Try to learn the historical lessons from your forefathers and be a lot less dogmatic. Your theories are interesting and may well provide you with a trading methodology but please desist from shovelling it down everyone's throats and showing contempt for others.
EFSF extension means ESFS money will buy troubled bonds , instead of
ECB buying ( which is the same as QE ) it.
This could enable ECB hike rate to quell rapidly raising inflation in Germany.
The aspects of such could propel EUR strength.
However the two biggest problems remain unsolved:
a PIIGS must contribute to EFSF how can they do so without borrowing their respective contribution from either ECB or EFSF?
b EZone banks are the major holders of troubled PIIGS bonds
There is only one solution: someone else buys PIIGS bonds at tolerable rates
at the coming auctions. So far the buyers at the recent auction of Portuguese bonds are unknown. There are no figures yet how many Porutuguese bonds, Spain bonds etc. were actually bought by China and Japan.
there are no books on hedged trading or structure trading there is only one small book by a Russian mathematician who is an US citizen for 10 years and has advised GS. But this is
most advanced topology ( structre is a term of topology). He wrote another small book asissted by me on complexity of structure dynamics which is factually about cognitive science.
cat, could you recommend some books about hedg trading?
I think is better to short eurgbp today!