What's Happening In Global Macro?
The Macro Trading Floor
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The Risks of European Commercial Real Estate Exposure
Andreas: Why take an active risk of being lonely euro versus the dollar when it's not yielding positively and it will likely not protect anything in your portfolio should this credit crunch come into fruition I don't really see the value of doing that because you bleed on a running basis if you're wrong timing wise on the trade. If you want that protection value to belong to Japanese yen I perfectly admit that is also a bleeding position from a carry perspective but let me phrase it like this we run a logistics model so I get probabilistic model on the future for euro dollar. Andreas: It's very interesting that we are currently at extremes in a lot of these fundamental variables, such as growth expectations
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