Friday, Feb 05, 2010
“Deficits are like putting dynamite in the hands of children,”
Bloomberg: Taleb Says ‘Every Human’ Should Short U.S. Treasuries
The Fed and U.S. agencies have lent, spent or guaranteed $9.66 trillion to lift the economy from the worst recession since the Great Depression, according to data compiled by Bloomberg.
Moody’s Investors Service Inc. said on Feb. 2 that the U.S. government’s Aaa bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.
Posted by depressed @ 02:43 AM (530 views) Add Comment
11 Comments
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1. matt_the_hat said...
“Democracies can’t handle austerity measures very well,” Taleb added. “We’re going to have a severe problem.”
wonder why Cameron has back tracked on his cuts
2. matt_the_hat said...
How does a private investor short gilts?
3. matt_the_hat said...
I wonder what the markets will go after next when the full weight of the ecb is placed behind Greece, can anyone think of another little democracy that has been living past their means.
4. chrisa said...
'can anyone think of another little democracy that has been living past their means.'
Doubtful whether the place you refer too could be described as a democracy anymore. Just another illusion i'm afraid, like the economic boom under Brown, and sold to the masses by state media propagandists at the BBC.
5. Crunchy said...
4. chrisa
Most people think the USA is a (mob rule) democracy. It isn't, It is a Republic and don't you forget it! : )
REVOLUTION............. DON'T TREAD ON ME. Long live the 2nd amendment.
A Republic is what 'made' America great. Did you like that shippy? LOL
6. techieman said...
matt - you can short using a spread bet firm. Easy peasy to do, not nec so easy to make some spondoolies.... and no tax.
7. Goldbug9999 said...
Surely if "everyone" shorts something price is underpinned by said shorts?
8. matt_the_hat said...
Techie sb's have an expiry date I think, is there a way to short these say using cfd?
9. techieman said...
matt - i dont use CFDs but this might help
http://www.igmarkets.co.uk/cfd/about-cfds.html
Personally i think holding something for a few weeks is long enough!!. Long Gilt futures trade March / Jun / Sep / Dec. And yes you can rollover, but you may be right about CFDs
10. techieman said...
Matt - see :
http://www.igmarkets.co.uk/cfd/bonds-cfds.html
Perhaps B/weather or EStrader can help? EStrader told me he has an account with IG markets.
11. easybetman said...
I am afraid IG only do 3 months eurodollar contracts as standard (if you phone them up, they might be able to accomodate you with something else). Otherwise, you can short Lehman 3,5,20 years US Gov Bond ETF (I think it is also phone only).
Remember this is a contest of the least ugly. There are few, if any pretty girl in the room right now.
This is of course not investment advice.