STEEN JAKOBSEN COMES ALIVE!
[Latest Global Dollar Liquidity measure: +14.1% annual growth rate; latest Endogenous Liquidity Index: -11.3%]

Steen Jakobsen, the Saxo Bank asset manager, is now posting his positions on his blog. Latest trades:

EURNOK - Long @ 7.6951 (15% of net value of fund); EURSEK - We remain short from 9.2017 & 9.1781 (30%); NOKSEK- short 1.1877 (19%); JPY c USD p, strike 116, Price 41 pips (Net risk 10 bps); Dec Dax- short 8.055,50 (16%); 10y Notes (dec) - Long 108 23.5/32 (37%).