Polemic's Pains

Thursday, 26 June 2014

Three Thursday Rants

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Rant 1 UK BoE re housing - Though those concerned about UK house prices cite various reasons as to why current prices are terrible it i...
1 comment:
Wednesday, 25 June 2014

I Can't Get No Satisfaction - (Bear remix)

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Any excuse to play Devo, Here we have the bear market's "I can't get no..." after yet another bad bit of news (US GDP) ...
Friday, 20 June 2014

For Bulls and Bears - Hyperbolic then Hyperhorrid.

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And so it is with English football - all but out but not even granted a clean death, instead being offered a 4% chance of surviving. I thoug...
3 comments:
Wednesday, 18 June 2014

Less Shock of the New.

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Shock is wearing thin and markets are putting in some sort of recovery. Shitty stocks have put in the biggest moves judging by my SSI (shit...
4 comments:
Friday, 13 June 2014

ISIS Attacks Short Volatility Positions

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Low volatility has been the talking point of the markets over the past couple of months as volatility compression has destroyed bank trading...
2 comments:
Thursday, 12 June 2014

Two-Speed Regulatory World

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The City has always made its buck by arbitraging the regulatory environment. Tax laws keep tax advisors busy, accounting laws keep accountan...
Monday, 9 June 2014

20 Stages of a World Cup Market

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It's that time again for the World Cup to influence markets so despite various opinions on the effect of markets here is a basic guide ...
2 comments:
Thursday, 5 June 2014

Regulation Killed the Forex Star.

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As video killed the radio star , regulation appears to be killing the FX star. The sight of a baying FX phone jockey bullying and cajoling...
14 comments:

Bristol pound - If you are currency you need FX regulation.

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Could I ask that the regulator doesn't forget during this new crack down on currency market manipulation to include the local gift vouch...
Wednesday, 21 May 2014

Young's Modulus of Macro Managers

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The new job has somewhat distracted me from writing for the past couple of weeks and, to that matter, trading too. Which all in all is proba...
5 comments:
Sunday, 4 May 2014

Ukraine Quiz

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It's a bank holiday here in the UK so time for some questioning on Ukraine. Some lighthearted and some not. Where is the Ukraine? -...
Thursday, 1 May 2014

Carry Creep and Risk Reversals

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One of the characteristics of carry trades which extends through to many emerging markets and even the quiet function of equity markets (ne...
Monday, 28 April 2014

Sanctions Through the Ages

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As the US announces new sanctions upon Russia let's have a look back at sanctions through the ages. Thermopylae Battle of the ...

It's quiet. Too quiet. Time to buy puts.

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I know, I normally quote "never sell a quiet market" but this may be too quiet. Up until now I have been happy to run with the t...
5 comments:
Sunday, 27 April 2014

Banker's Bonuses. Where do Morals Stop and Practicalities Begin?

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This last week has seen the subject of banker's bonuses come screaming back to the fore again. First Barclays shareholders registered...
Wednesday, 16 April 2014

Gamma Chameleon

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With option gamma driving the equity markets I can't get a particular song out of my mind. You're a trader hedging deltas all th...
Monday, 14 April 2014

Questions Questions Questions!

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Will EU QE be more like US QE or Abenomics or something else? If it's something else could Euro actually go up on EUQE due to bond por...
2 comments:
Sunday, 13 April 2014

Farm shop economics.

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Today's Polemic pain is far away from Ukrainian destabilisation, or biotech dumps or China slowdowns or ECB unconventional actions,  tho...
4 comments:
Friday, 11 April 2014

You've Been Warned.

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Yesterday I was rather hoping for the bears, or perhaps I should say "correctionists" to get Edward the Seconded by a red hot po...
5 comments:
Thursday, 10 April 2014

Tell 'em like a man.

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Even the Fed and the market's expectations and responses are playing to the mean reversion theory. Fed read as hawkish, market therefore...
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