While we are still dominated by the maddening cacophony of month-end flow, let's drill down on the inflation/deflation debate that has b...
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Gold, the currency of dwarfs and taxi drivers
Following on from the inflation/ deflation debate we had better have a look at gold which appears to be denying the deflation leg of the arg...
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Reasons to be cheerful 1, 2, 3...?
Due to the restrictions of a monster hangover and the ability to only be able to focus by closing one eye, this is being rationed to bullet ...
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The view from the top
After yesterdays look at the micro workings of the money markets lets stand back during this interlude in Nightmare on Elm Street and have a...
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Liquidity or Fear?
Since the money markets imploded in August 2007, players have paid close attention to the Libor-OIS spread, the EUR/USD Basis Swap and assoc...
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Throwing out the baby with the bath water
When it's time to delever, discipline suggests cutting the losers and keeping the winners. Except it rarely works out like that - the wi...
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Pink Flamingos (Part XI?)
Events necessitate that today's post is somewhat brief... Although liquidity in the German bond market returned after a couple of hours ...
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So clever their foot fell off...
So that's why the European policy makers were so quiet... They were coming up with a cunning plan so cunning that their foot has fallen ...
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Turnaround Bright Eyes
The market has sensed blood and believes that all that stands between it and the Holy Grail of untold profits is the final demise of the Eur...
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Dancing around the problem
In financial markets, very often the question is "who's next?". We saw that with the banks in 2008 and, most recently, with th...
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I Got That Deflatin' Feelin'...
Just when it looked as though Team Europe had finally got its act together and addressed both Liquidity (via the "How Much?!" IMF/...
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You take the High Road and I'll take the Low Road
If you guarantee that the parents wont lose their jobs then they are much less likely to cut the pocketmoney to the kids. And so it is with ...
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OK, This Is The Last One...Seriously.
Wow. Thanks to all for the amazing feedback, both in the comments and offline, to the last post. It's left Macro Man overwhelmed and Mr...
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The End....And The Beginning
Today marks an important end....but also a new beginning. This will be the last post that "Macro Man" makes in this space, the 1,0...
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The Nuclear Option
If you went home happy and risked-up on Friday, you've probably seen a mushroom cloud rising over the ashes of your erstwhile-profitable...
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The Sea-Change
Where to begin? Let's forget the nonsense with P&G , or the supposed fat-fingered futures butchery at Citi ("your tax dollars...
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Old Skool
Man, today feels "old skool", doesn't it? First Macro Man's favourite 2008 whipping-boy Jean-Claude Trichet responds to A...
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Bye-Bye Gordon....
...how soon 'til we're waving bye-bye euro?
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Bread and Butter
After a weekend spent thinking about a) Greece (that's a lot of dough, but they've somehow still managed to disappoint), b) the weat...
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