One of the frustrations about being short stocks in the current environment is that one hears a constant refrain of how "cheap" th...
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Picking a bottom in the US housing market.....or not
There's an old trading aphorism that is worth being followed by both veteran fund managers and market neophytes: picking bottoms gives y...
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Old School
Old school. To some, it means one of those Will Ferrell film vehicles , with all that that entails. To others, it means a certain bygone ...
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Bank Holiday Special: Should the West put Wogan in Charge of Economic Diplomacy?
Ah, that's more like it. It's a UK bank holiday, and the weather's more fitting for the Grand Banks in late November than for ...
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Thrown for a curve
The sport of baseball is unusual in the extent to which a player's contribution to a particular game, season, and career can be measured...
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Motor up....power down
Oil. If one wished to summarize May's financial market trading in one word, that would be the one. Crude's stunning rise has befu...
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The Dog Ate My Homework
The Financial Times isn't exactly known as a quality source of humour. They don't even have a featured "fluff" article ...
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Feeling nervous
All of a sudden, it's gotten a bit nervy, hasn't it? Yesterday's late-session swoon in the SPX wasn't particularly unique- ...
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Non-predictions for 2008: Marking to market
Having been a sell-side researcher in the latter years of the last millennium, Macro Man knows better than most the folly of trying to make ...
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Weekend special: What happens when you hit the panic button and stick your currency in the toaster?
Yesterday's University of Michigan survey was a remarkable piece of data, and Macro Man could not let it pass without comment. The head...
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A short introspection after a difficult week
Macro Man has had a difficult, difficult week, so today's post is meant to be something of a catharsis and a somewhat jumbled attempt at...
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Economic Policy in the 21st Century
One of the inevitable outcomes of the Three Axioms is the rising importance of the new entrants/BRICs in global financial markets. However...
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The Fed finds religion
Has the Federal Reserve found religion? Yesterday's verbal barrage from a host of Fed speakers, both voters and non-voters, suggested ...
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My least favourite kind of market
This is Macro Man's least favourite kind of market. Volumes and interest are low, noise to signal ratios are high, and the last order i...
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Three Axioms of Globalization
Why is it that laws, like misfortunes, always seem to come in threes? Kepler devised three laws of planetary motion . In classical physi...
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Passing the pink flamingo
Recent market price action has started to remind Macro Man of an episode from his distant youth, nearly 30 years ago. People did strange ...
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Thoughts in the back of my mind
Macro Man's pretty tied up today with market vol and admin. In the back of his mind, though, he's thinking about the following: * ...
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Dollar/Asia: time for a reversal?
Is the worm turning, if ever so slightly, for the dollar? Regular readers will recall that last summer , Macro Man began to contemplate th...
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