Well, it's that time of year again, when the media and political classes all get in a tizz about bank bonuses, and while Team Macro Man ...
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Order of Service
Welcoming Address We would like to welcome you all here today to celebrate a very special year in the world of finance. Reading from the Go...
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More on Ratings Agencies and Consultants - What a bunch of quants!
More on one of our pet themes. After Moody's fun with the US yesterday they have turned their attention to Spain now. If the ratings age...
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Of Squeezes, Ratings Agencies, Lawyers and Haircuts
Well the Mervynflation report came out again and managed to show remarkable stability as inflation ex-everything is encouragingly low. Well ...
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Christmas - Time for Giving?
The Christmas lunch season is fast descending upon us, which will play havoc with our posts from now on, so we apologize in advance if they ...
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Competition Time
We are back in the badlands of admin-o-tastic bullshit. It feels like career regression is kicking in big time, with one member of TMM feeli...
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Bad day for Goldfinger, but worse for Mr Bond
Well, TMM were happy with yesterday's Gold move, but they are sure they are not alone in cringing at the car crash that has occurred in ...
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Swimming with the Sharks
Bounce-time Baby. We are happy with yesterday's thoughts as today the scramble to de-leverage the stress trades grabbed hold with the w...
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Eurobear Squeezes and Footy Swaps
Well the beginning of last week saw Europe tanking, US data doing ok and China continuing on its tightening theme. But now we have bad US l...
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Groundhog 28 Months
It's US payroll day today, but TMM can honestly not remember an NFP release that holds less interest for markets. Given that just about ...
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Lifestyles of the rich and … us.
As we wait for the Eurobollox to unravel in a new load of Eurevelations, the UK is under a coating of Eurosnow. This is a special type of sn...
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Eurobutton
Well, it looked as though it was all getting a bit silly yesterday morning, with dealers even hitting bids in France 5yrs and reports of cer...
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Nightmare before Christmas
You know that dream where you find yourself back at school about to go into your finals and you have done NO revision and what’s more for so...
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A Line In The Sand
Well we have the bailout plan, cue the usual items from your chosen bailout drama: Protests (check) Breakdown of government consensus (chec...
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The Beginning of the END
The situation in Europe has hardly improved over the past 24 hours. A raft of stronger European PMIs and German IFO figures that all outperf...
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Gangsta Style- North Korea
One member of TMM has been to North Korea and noted that amongst the very, very few goods you could buy there was music. Though even worse t...
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Armchair Generals
A large component of the populace of Financial Markets is made up of commentators, advisors, strategists and so called "experts" ...
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QE Bomb Ground Zero
This weekend saw another Eurorevelation - Ireland is/has/will approach the EU/IMF for some money to bail it out. Now whilst this may not be...
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CapEx, Capisch?!
Another Friday, another Reuters screw up. Team Macro Man found the misreporting of China's Reserve Ratio Hike as an actual rate hike by ...
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The Book of Eurorevelation
Chapter Six, Verses 1-17: 6:1 And I saw when the Investor opened one of the seven debt structures, and I heard one of the four living creat...
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Policy Lending May Not be Your Friend
TMM notes that while the Ring Cycle continues to play out in Europe (with a likely Wagnerian ending long term, but a plug short term) things...
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