Bruce Krasting - Profile and Journalist Details

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Total articles 114

• A Thought on AUD - Wall Street Pit

  By Bruce Krasting| Wall Street Pit Verified A long time ago I made a bad rate bet (and yes, a good many since). I put on a deflation trade based on what I thought might happen. The exact opposite was the result. The “growth trade” was the right read of the tealeaves. My (very) leveraged bond and FX trades went to hell. Such is life. A large earthquake had hit Japan. Damage all over the south. Infrastructure, utilities and manufacturing facilities were hard hit. Lots of residential damage. No trains. Roads closed. Ports closed. Airports closed.

  By Bruce Krasting · Wall Street Pit

  Dec. 19, 2021

• CHF What’s Next?

  By Bruce Krasting| Wall Street Pit Verified Read the news today and look at the tape and you would have to conclude that all of the problems in the EU have vanished. Germany’s economy is booming, the Chinese are funding Portugal, Spain sells bonds at a cheap price. What’s not to like? The currency markets have reacted to all the good news. All the short EURUSD positions got blown up (again) The main bell weather for this is the EURCHF cross. It has backed up three big figures since the start of the year. I write a fair bit about the CHF.

  By Bruce Krasting · Wall Street Pit

  Dec. 19, 2021

• A Thought on AUD - Wall Street Pit

  By Bruce Krasting| Wall Street Pit Verified A long time ago I made a bad rate bet (and yes, a good many since). I put on a deflation trade based on what I thought might happen. The exact opposite was the result. The “growth trade” was the right read of the tealeaves. My (very) leveraged bond and FX trades went to hell. Such is life. A large earthquake had hit Japan. Damage all over the south. Infrastructure, utilities and manufacturing facilities were hard hit. Lots of residential damage. No trains. Roads closed. Ports closed. Airports closed.

  By Bruce Krasting · Wall Street Pit

  Dec. 19, 2021

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