Former Fed Member, And Guy Who Came Up With Idea To Sell Treasury Puts, Joins Morgan Stanley As Chief US Economist

Tyler Durden's picture

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Robslob's picture

But it would still be profit in fiat = net fail

Mike2756's picture

even they have to hedge. use the proceeds to buy some calls on fxf?

MillionDollarBonus_'s picture

They can use the proceeds to buy more treasuries in order to bid interest rates lower still. This kind of innovation always puts a smile on my face. It reminds us why only educated experts are fit to run the US economy. While average investors panic during these hard times, our cool-headed federal reserve officials are quietly and modestly solving our economic problems. These heroic financial planners rarely get the praise they deserve from spoiled brat libertarians, but I'm not afraid to congratulate them for the exceptional sacrifices they have made for this country. You may not thank them now but our children will thank them in the years to come.

Mike2756's picture

won't work, they have to hedge currency risk now, lol. maybe gld calls?

MillionDollarBonus_'s picture

More like gold puts given the giant double top and downside break from the penant.

SheepDog-One's picture

Same old BS, print money to buy treasuries while selling puts on the treasuries youre pumping...they should be hanged.

Ruffcut's picture

I'm sure he was hired for his leadership ability and being a team player.

Belarus's picture

which involves selling puts on Treasury futures (link).

I'm convinced some of these assets are packaged into HFT up-bid order books to send shit higher on shit hit fan days. 

ZeeGerman's picture

baby steps, Benjamin Button style!

Gandalf6900's picture

FASCISM BITCHEZ!!!!

oogs66's picture

weren't they the ones who hired dinallo when he left his prior job as insurance regulator?

Quinvarius's picture

I like how they have all these crazy compicated ways of using their printing presses to generate paper profits for the crony crowd and themselves.  That is what it all boils down to.  They make a crazy trade and then print money to make it work.  How can anyone with access to any information on the system take our money seriously? 

LongBallsShortBrains's picture

"How can anyone with access to any information on the system take our money seriously? "

As long as you can trade it for hookers and blow, it will be treated seriously.

dizzyfingers's picture

Things go from worse to worser. When does it stop?

Gubbmint Cheese's picture

Aaaaand we are green.. Phew ! Can't have the US market falling now can we? That just wouldn't do!

SheepDog-One's picture

Right, cant have the market fall when they know people within days will realize there is no bailout QE3 for stocks.

DUNTHAT's picture

IS IT JUST ME OR IS THEIR AN UN-NERVING PATTERN DEVELOPING IN ALL THESE PAPERS, ALL OF THEM IN THE 2003-2004 TIME PERIOD, THAT ARE DEALING WITH TODAY'S ISSUES OF 2011, SEVEN YEARS LATER.  ALMOST AS IF THEY KNEW AHEAD OF TIME WHAT WAS IN STORE.

Shineola's picture

Party on, Slaves!    BTW, who is on Dancing with the Stars this week?

SheepDog-One's picture

What was the rumor in the last 10 minutes which sent the DOW from -40 to +70?

QE3 is DOA.

PulauHantu29's picture

Bring back Bernie!

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