Australia Bond Lulz

[scose-no-doubt]

http://www.bloomberg.com/news/2010-...n-banks-40-as-swan-pledges-to-revoke-ban.html

Aren't these the same guys who have been pushing negative gearing :S ?

Have they just built another time bomb or have I got the wrong end of the stick?

 

[Martinghoul]

http://www.bloomberg.com/news/2010-...n-banks-40-as-swan-pledges-to-revoke-ban.html

Aren't these the same guys who have been pushing negative gearing :S ?

Have they just built another time bomb or have I got the wrong end of the stick?

Well, covered bonds shouldn't be too toxic, really...

 

[scose-no-doubt]

Yes but what's gonna happen when/if the -ve gearing portfolios go t1ts up and they get in trouble again.

 

[Martinghoul]

Yes but what's gonna happen when/if the -ve gearing portfolios go t1ts up and they get in trouble again.

Anything is possible, sire... However, covered bonds are a better instrument than many alternatives. Not saying they're perfect, just better.

 

[scose-no-doubt]

You know I haven't traded in about 6/7 months because I don't think anything is safe enough to go long OR short.

 

[Martinghoul]

Well, as they say in the FX mkt (so I am told on another forum), "you gotta put your c*ck in the custard"...

 

[scose-no-doubt]

Sh1tbag aren't I lol. Need to stake tiny size... thinking like those people who build immunity to snake venom. Gonna try again in new year

 

[arabianights]

You know I haven't traded in about 6/7 months because I don't think anything is safe enough to go long OR short.

You need to reappraise your idea of safe I think. Or stop looking for things that are safe. Actually I don't really understand at all. Can you cope with losses at all?