引用:
原帖由 hardcat 於 2008-3-1 13:51 發表
I am thinking there will be more 執平貨 opportunities throughout this year 
The nearer term ones are liquidation of hedge funds, and municipal bond market....
HSI dived today partly on the news that Hedge fund Carlyle Capital is facing liquidation due to mortgage securities related troubles... now the market is facing systemic margin calls, expect this to spread...
The recently announced $200 billion Term Securities Lending Facility (TSLF) does nothing to solve its fundmental solvency issue, if anything, it only serve to delay the day of reckoning.. The Fed is taking near desperate step to avoid a total financial collapse, this just goes to show the severity of the state of the financial system, if things goes even worse, expect the Fed to lend directly to some big institutions to avoid its collapse...
Now that the Fed has nationalised the junk mortgage industry, the US is entering into another milestone of socialism for the rich... what this means is that the T-Notes is partially backed by junk mortgage collateral, as if the creditworthiness of the T-Notes is not bad enough already...
And the USD is now following its fundamental of bankrupted economy, keep falling and falling, and unwinding of carry trade is getting some momentum too, witness Yen and CHF... there are still lots of mileage to go as the meltdown and collapse develop.. hold Yen and CHF among others and sit tight, and reap the windfall to come.... Cheers!!
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本帖最後由 hardcat 於 2008-3-13 17:18 編輯 ]
