Bruce Krasting

My Take on Financial Events

Saturday, July 28, 2012

Draghi – We Will Continue to Fight Until Everyone is Dead

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A week ago I cut a EURUSD short position that was well into the money. (Link) I was concerned that “something” might happen that could make...
1 comment:
Wednesday, July 25, 2012

CBO ON ACA - An Expensive Half-Loaf

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The Congressional Budget Office produced two reports on Obama Care yesterday. The first ( A - Link ) did an analysis of what the cost would ...
23 comments:
Tuesday, July 24, 2012

On Rats

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A few background facts to make a point: Way back in 2007 a fellow by the name of Herve Falciani was working as a computer guy for HSBC in ...
13 comments:
Sunday, July 22, 2012

On FX

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I’ve been running a short EURUSD for the past six weeks. I got in at 1.2650 (Link) on June 30, and doubled up on July 8 at 1.2260 (Link) . ...
9 comments:
Friday, July 20, 2012

Bernanke - Post Schumer Gaffe

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I'm adding myself to the long list of folks who have commented on NY Senator Chuck Schumer's choice of words to Bernanke the other d...
36 comments:
Tuesday, July 17, 2012

Words of War

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I had an interesting conversation with a fellow who lives in Europe and has been connected to the spook world in the past. (See this for pr...
23 comments:
Sunday, July 15, 2012

Soak Wealth, Not Income?

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Two big problems America faces are that there is not enough tax revenue, and income is skewed to the top 10%. These issues will define the 2...
42 comments:
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About Me

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Bruce Krasting
Westchester, NY, United States
I worked on Wall Street for twenty five years. This blog is my take on the financial issues of the day. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to understand a bit about balance sheet structure and corporate bonds from Mike Milken. I was involved with a Macro hedge fund later. That worked out all right, but it is not an easy road. There was one tough week and I thought, "Maybe I should do something else for a year or two." That was fifteen years ago. I love the markets. How they weave together. For twenty five years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it.
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