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...
Read More
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 ...
Read More
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 ...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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 (check...
Read More
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...
Read More
Armchair Generals
A large component of the populace of Financial Markets is made up of commentators, advisors, strategists and so called "experts" ...
Read More
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...
Read More
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...
Read More
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...
Read More
In Case of Global Consensus Break Glass
TMM were somewhat cynical about the G20 but some of the headlines hitting the news today have given us pause for, ooh, a few seconds before ...
Read More
The Adventures of Baron Von Trichet
As you have probably gathered, Team Macro Man have been somewhat bemused for a while at the extraordinary tall tales coming out of Europe as...
Read More
Beekeeping
Drowning in it today. We are a smidge buried in our own little Worlds. Earning a crust coming before the hobby. So a brief one. If you imagi...
Read More
No Man's Land
The weekend has brought us little new. APEC members have once again promised not to do what they are currently doing and most likely won...
Read More
iPIGS + CBs = GSEs Redux
That's QE behind us and if yesterday was Xmas eve then today feels like Christmas afternoon, with the parents on the sofa having eaten ...
Read More
Was it Good for You?
Well, its only 15 minutes post but TMM can lay claim to a few things: 1) Our non-prediction was not wrong. Not bad. 2) Now that the alcoh...
Read More
What a Load of Central Bankers
Here we are, the roar of finely tuned trading machines on the grid, waiting for the green lights from the central banks, is deafening. Well ...
Read More
Benoit Mandelbrot, RIP
What a shame the great Benoit Mandelbrot died 2 weeks ago. He would have had plenty to tell us about the fractal nature of markets. Wheth...
Read More
Things the G20 Can't Organize
TMM were disappointed by the G20 like, oh, you know, most people who think there's a good chance that if we don't resolve global imb...
Read More
Twenty IFs
It's one of those days today when its hard to get ones thoughts straight and TMM wondered whether a different version of 20 Questions w...
Read More
Subscribe to:
Posts (Atom)