18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Modeling TBT since it’s inception, it’s value matches very well the Excel formula: TBT=power(30yr-bond-rate, 1.36)*8.78. If 30yr rates go to 9% in 2010 as the Fed monetizes, then TBT will go to approx $175.
Have we heard “My Way” yet?
http://www.youtube.com/watch?v=sEbgB6X6S5c
Modeling TBT since it’s inception, it’s value matches very well the Excel formula: TBT=power(30yr-bond-rate, 1.36)*8.78. If 30yr rates go to 9% in 2010 as the Fed monetizes, then TBT will go to approx $175.
Nonlinear predictable stuff is a good thing…