The fix is in! No, Macro Man has not ordered a tin-foil hat and isn't quite prepared to believe that the Rosicrucians, et. al are run...
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Bears Have Rallies, Too
Bear markets are famously difficult to trade. Why is that? Perhaps it's because most investors are natural buyers and owners of risk a...
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Strange bedfellows
Strange times make for strange bedfellows, a fact which has been amply demonstrated by the financial crisis of the past fifteen months. Di...
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Rubbernecking
How bad is it out there? Global finance resembles nothing so much as an enormous, multi-car pile-up, the kind that blocks traffic for many ...
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Back in Black
Macro Man has returned to the coal-face of global finance this morning after two days of following the mayhem from afar. It's really get...
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Birdwatching
Macro Man's been birdwatching, and this evening he's seen another pink flamingo through his binoculars: emerging market fixed income...
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Another One Bites the Dust
Macro Man sure is glad that he finally got on the distribution list for "the memo." Yesterday's memo about the breakdown of c...
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A Memo From the Illuminati
TO: Goldman Sachs, Bill Gross, Warren Buffett, et al. FROM: The Order of Rosicrucians, Pentavirate, and Illuminati RE: Correlation Breakdo...
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A Damascene Moment
Financial markets appear to have had a Damascene moment on Friday evening, receiving an epiphany that has carried over into today's trad...
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The Good, the Bad, and the Ugly
The Good: Good news has been in short supply, at least judging by financial market price action. But under the surface, the authorities a...
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It ain't over til it's over
So, did you enjoy yesterday's calm, rational, and frankly boring markets? Spoos only managed an 8% daily range.....this stuff is child...
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The Company You Keep
Holmes is back in Europe this morning, enjoying a well-earned break. It seems as if Hank and his European counterparts were busy as Holmes...
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The Mystery of the Stolen Plans
“Watson,” said Mr. Sherlock Holmes one day after the resolution of a particularly mundane case involving a missing wedding ring and a pet sp...
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It's delightful, it's de-lovely, it's de-risking
Enough is enough. Markets are completely imploding, both in terms of price and liquidity. When the FTSE future opens 11% lower (!), that...
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