pittrader1988's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/288335/comments http://seekingalpha.com/article/109511-intercontinentalexchange-growth-exchange-without-the-multiple?source=feed#comment-322915 322915
NYSE Euronext merging with DeutscheBorse(rumor) might be a better by due to their cross Atlantic presence, and their product mix.

The real damage to futures volume has not been hard commodities. It's been in the interest rate futures. Those contracts are the ones that will be poised to grow the fastest when the market recovers.]]> Sun, 07 Dec 2008 10:19:11 -0500
NYSE Euronext merging with DeutscheBorse(rumor) might be a better by due to their cross Atlantic presence, and their product mix.

The real damage to futures volume has not been hard commodities. It's been in the interest rate futures. Those contracts are the ones that will be poised to grow the fastest when the market recovers.]]> http://seekingalpha.com/article/102576-america-needs-an-independent-clearinghouse-for-otc-cds?source=feed#comment-308289 308289 www.denverpost.com/opi...

Paul and I were way out in front of everyone when it came to this issue.
We are continuing to post articles here that support what we were saying long ago. ]]> Mon, 17 Nov 2008 17:09:29 -0500 www.denverpost.com/opi...

Paul and I were way out in front of everyone when it came to this issue.
We are continuing to post articles here that support what we were saying long ago. ]]> http://seekingalpha.com/article/102576-america-needs-an-independent-clearinghouse-for-otc-cds?source=feed#comment-304866 304866 www.chicagogsb.edu/ema...

And an article from the WSJ that back's up our claim:

online.wsj.com/article...
]]> Thu, 13 Nov 2008 07:43:56 -0500 www.chicagogsb.edu/ema...

And an article from the WSJ that back's up our claim:

online.wsj.com/article...
]]> http://seekingalpha.com/article/104947-the-reagan-counterrevolution?source=feed#comment-302094 302094
Let's do a trade. I will sell GDP, and buy unemployment. Trade starts Jan1, 2009. 100 bucks a percentage point. 4 year trade. On January 1, 2013, trade settles.

I have offered this to my big mouthed Obama accolytes and not one of them has taken it. Money talks, bullshit walks.]]> Mon, 10 Nov 2008 12:57:24 -0500
Let's do a trade. I will sell GDP, and buy unemployment. Trade starts Jan1, 2009. 100 bucks a percentage point. 4 year trade. On January 1, 2013, trade settles.

I have offered this to my big mouthed Obama accolytes and not one of them has taken it. Money talks, bullshit walks.]]> http://seekingalpha.com/article/102576-america-needs-an-independent-clearinghouse-for-otc-cds?source=feed#comment-295878 295878 pajamasmedia.com/blog/.../

The Bloomberg link to Peterfly is interesting. Terry Duffy on CNBC said that they have a mathematical algorithm that figures out the amount of margin needed for CDO's. This will protect the clearing house from systemic risk. Today for futures, they use SPAN, CME's patented and proprietary software to figure out margin on futures.]]> Sat, 01 Nov 2008 17:10:34 -0400 pajamasmedia.com/blog/.../

The Bloomberg link to Peterfly is interesting. Terry Duffy on CNBC said that they have a mathematical algorithm that figures out the amount of margin needed for CDO's. This will protect the clearing house from systemic risk. Today for futures, they use SPAN, CME's patented and proprietary software to figure out margin on futures.]]> http://seekingalpha.com/article/102576-america-needs-an-independent-clearinghouse-for-otc-cds?source=feed#comment-293828 293828
We picked Fannie and Freddie because they are classic quasi government agencies that lead to distortions in the marketplace, and blew up. The same would happen if the IBanks ran their own clearing.

By the way, today I have been listening to people go on tv and tell the public that the interbank market is okay. The TARP is spending money, and injecting onto bank balance sheets.

They are still wrong. The counter party risk that existed before the bailout still exists. What if the assets on the banks balance sheets are worth even less than they estimate? Then more capital will need to be injected to prop them up.

The only way to find out what this stuff is worth is to create a competitive marketplace and have bids and offers. If you clear the stuff through a clearing house, you eliminate counterparty risk. This should lead to better pricing, because the sellers and buyers won't need to price in that risk.




]]> Wed, 29 Oct 2008 17:56:45 -0400
We picked Fannie and Freddie because they are classic quasi government agencies that lead to distortions in the marketplace, and blew up. The same would happen if the IBanks ran their own clearing.

By the way, today I have been listening to people go on tv and tell the public that the interbank market is okay. The TARP is spending money, and injecting onto bank balance sheets.

They are still wrong. The counter party risk that existed before the bailout still exists. What if the assets on the banks balance sheets are worth even less than they estimate? Then more capital will need to be injected to prop them up.

The only way to find out what this stuff is worth is to create a competitive marketplace and have bids and offers. If you clear the stuff through a clearing house, you eliminate counterparty risk. This should lead to better pricing, because the sellers and buyers won't need to price in that risk.




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