Tyler Durden and Paul Krugman Agree! – The EU is Toast!

A rare occurrence in journalism happened today. Tyler Durden of Zero Hedge is in agreement with – hold on – Paul Krugman of the NY Times. Both writers point readers to the FAQs from S&P on the downgrades More...

On FX

On October 25 I wrote about what, at the time, looked like an overvalued EURUSD (it was 1.3950). Zero Hedge had an article attributing the strength to ongoing capital repatriation by EU (primarily French) banks. More...

Rage BY the Machines

BIS on FX HFT – “No Problem” There was a time that I hired a good number of FX and options traders. I was good at spotting those who had the “right stuff”. This was not then (nor is it now) More...