Hung, drawn, and quartered Macro Man Friday, September 29, 2006 Add Comment Macro Man As the quarter mercifully comes to an end, a few things have become obvious. Sometimes, the simplest strategy actually works. The SPX is up ... Read More
Ten Thursday One-liners Macro Man Thursday, September 28, 2006 Add Comment Macro Man 1) So Vega is in the process of imploding. This explains the shocking performance of their (large) positions: short bonds, short NZD,... Read More
Inconsistencies Macro Man Monday, September 25, 2006 Add Comment Macro Man Consider the following: 1) US fixed income trading well through funds/cash rate, pricing in 2.5 rate cuts for next year. This is a pseudo-re... Read More
Carry me home.... Macro Man Thursday, September 21, 2006 Add Comment Macro Man Talk about an anticlimax. The FOMC statement could be summarized in three sentences: 1) Growth is slowing; we think inflation will to... Read More
OUCH Macro Man Wednesday, September 20, 2006 Add Comment Macro Man Well, it’s all going horribly wrong. Macro Man took a loss on his one position that would currently be in the money (long EUR/JPY put), and... Read More
Ten Tuesday one-liners Macro Man Tuesday, September 19, 2006 Add Comment Macro Man 1) So Hungary’s prime minister admits to a ‘ deluge of lies’ , and the HUF rallies from the London open yesterday. Anyone wearing los... Read More
BOND-gy Jumping Macro Man Monday, September 18, 2006 Add Comment Macro Man Record longs in the 10yr are beginning to tell, and there is no more room at the fixed income inn. The bond market looks set to do a bit of ... Read More
G7 snoozer Macro Man Monday, September 18, 2006 Add Comment Macro Man Well, the IMF reclaimed the mantle of irrelevancy that it has proudly borne for sixty years, as little of substance emerged from the weekend... Read More
RICkety Reserve Policy Macro Man Friday, September 15, 2006 Add Comment Macro Man This weekend sees the semi-annual confabulation of IMF grandees, G7 finance officials, and lucky boondoggle recipients convene on Singapore.... Read More
How can there be a recession when everyone's making so much money? Macro Man Thursday, September 14, 2006 Add Comment Macro Man One of the more entrenched and hackneyed themes in financial markets today is that the implosion of the US housing market will be the final ... Read More
What is the bond market smoking, and where can I get some? Macro Man Wednesday, September 13, 2006 1 Comment Macro Man Where to start? Macro Man has spent more than an hour just figuring out how to title a post and upload a chart. At this rate, the only insig... Read More