Andrew Hall is my hero

• Citi sells Phibro to Occidental Petroleum, since they couldn't pay their star trader Andrew Hall as the government still has a 34% stake in the company
• Trade deficet recuded to 30.7bn, due to greater exporting of services and less oil consumption
• Canadian jobless rate from 8.7 to 8.4, signaling recovery
• Cheap dollar is what the US needs; we're able to close to the trade gap by exporting more while making external consumption less attractive. Export based countries are trying to weaken their currency against the weakening dollar, but doing so will only drive inflation
• Trade-weighted dollar has recovered back to levels before the crisis
• Investors are looking to take physical delivery of commodities. This is stupid. How can you exploit this? Sell vol?
• Who wants to be trading commodities in Wall St where a regulator is going to set your salary? -- head of oil trading at a big commodities bank
• Vitol, Glencore, Trafigura, Gunvor, Mercuria instead of GS,MS, Barclays, or DB
• Bernanke: interest rates may rise earlier than expected; US 10YR up to 3.39
• US is entering earnings season