At last, we've reached the end of the month and quarter (or, if you're Japanese, the fiscal year.) Depending on your positioning, i...
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How best to sell the UK?
How tough is this market? Consider the confluence of the following headlines: * Rice prices rise 30% y/y as exporters cut back on foreign s...
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More questions than answers
OK, so the TSLF result is in.....and it left your humble scribe scratching his head. Given the daily moans concerning the "worst banki...
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Let the good times roll!
Since the Fed backstopped risk assets with the announcement of the term securities lending facility the other week, it's been happy days...
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Of rocks and hard places
There are a number of people, including Macro Man, who seem to be caught between a rock and a hard place. The problem facing Macro Man is f...
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You can never go home....
They say you can never go home. Now, Macro Man doesn't really know if that's true or not, but he gave it the old college try over Ea...
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Timmy Geithner, SIV Manager!?!?!?!?!?
Things just get curiouser and curiouser. Not only has JP Morgan managed to dig under the sofa cushions and find enough dimes to quadruple i...
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All That Craters Is Not Gold
After a brief foray into historiography, normal service is resumed today, albeit in heavily abbreviated form. The market sure hasn't go...
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Where will George W. Bush rank?
Regular readers will know that Macro Man tends to avoid political discussions like the plague, given his generally low opinion of most of th...
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What Larks!
Macro Man has spent most of the day bedding in, getting his technology up and running at his new job. Despite this, so far today he's s...
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Let's think this through....
If each marginal Fed action was relevant to the continued health, well-being, and solvency of this market and financial institutions....shou...
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Financial market limbo
Limbo. It's a strangely apt word to describe financial markets at the moment. Limbo is a strange place, a sort of karmic holding patt...
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The Devil Went Down to Wall Street
With apologies to the Charlie Daniels Band: The devil went down to Wall Street, he was looking for a soul to steal. He was in a bind ‘ca...
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A BSC Market
We're going on a BSC hunt Going to catch a big one I'm not afraid 'Cause I'm not long Here's a big problem Can't go ...
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Would you believe it?
First things first. Regular readers will know by now that Macro Man's niche in the online financial world is not the detailed breakdow...
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Will the last one to leave please turn out the lights?
The word of the day is "rout." The dollar is being routed, equities are being routed, and ominously, hedge funds are being routed ...
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A secret Fed memo recovered by Macro Man's sources
To: Chairman Bernanke From: NY Fed Governor Geithner Re: Alternative collateral Date: March 11, 2008 --------------------------------------...
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Just another boring day....
Well well well, yesterday was just another run-of-the-mill day in financial markets wasn't it? The S&P dropped a cheeky 20 points, ...
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So What'd I Miss?
Bloomberg's back, baby! Macro Man 's interim subscription kicked in over the weekend, giving him an opportunity to catch up on marke...
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Alternative uses for the dollar
It's unenjoyment day today, and if the ADP report has any forecasting ability whatsoever, the outcome could well be ugly. Certainly fi...
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What have we learned so far?
As Macro Man sits at home, staring forlornly at the computer screen where flashing market prices used to twinkly merrily, he is learning to ...
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Bad P/L probems....of the very best kind
Macro Man has P/L problems.....bad P/L problems. So bad, in fact, that he cannot bear to post the P/L sheet again this morning. What's...
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Which comes first?
What a great time to be a macro trader. At market inflection points, abrupt changes in policy regime, and at relative price extremes, there...
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2008: The year of....?
Holy Cow! Macro Man was away for a day and a half at the tail end of last week, and the world seems to have ended in his absence. It didn...
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