A few days after the Euro announcement and the weekend appears to be full of "it won't work" arguments, which is exactly wha...
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TMM's Ex-Product Sketch
As we approach month-end, after what has been one of the most eventful months of TMM's careers, we thought we'd expand upon our some...
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RIP DM Sovereign CDS (2006-2011)
Like many derivatives products dreamed up by Wall Street's financial innovators, the Developed Market (DM) Sovereign Credit Default Swap...
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The Euro Summit Schedule (maybe).
Tomorrow's schedule for the Euro Summit is said to look like this 12:00 - Merkel delivers speech to Bundestag 14:00 - Bundestag...
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Caarmm on!
TMM came in this morning, saw Spoos up at 1240, the rally in H shares and Eur/Usd spike to 1.3950 and thought "here we go". The C...
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The Charge of the Euro Brigade
This waiting really is getting tedious. TMM are now seriously wondering if European policy is based on Zeno's Paradox of Achilles and th...
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An Important Four Letter Word
OK, we said we wouldn't get sucked into the Euro guessing game, but unfortunately a stream of EFSF headlines have tweaked our interest. ...
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TMM read the newspaper
Forgot how day 2 after renewed exercise is worse than day 1. Walking is a struggle. Yes, we know that stretching and all that stuff should b...
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Aching and Inflating
TMM went to the gym last night. It's been a while. Starting again is always worse than starting for the first time. Any sense of achieve...
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Another Twenty Ifs
1) If you are a European politician you a) Have graduated from a political school which didn't have any windows onto the outside world b...
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It depends on who you listen to
Yesterday saw towel chucking on FX but equities failed to break or hold their relative range tops so Team Macro Man, thinking that upside m...
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The Merkozy Line
The two chief Eurostriches had a meeting yesterday. Did we learn anything from their comments? "We are determined to do what is necessa...
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That's why the lady is...
Non Farm Lottery day. TMM are all a little weary after late Thursday nights and have used this lull to trim back some risk ahead of today&#...
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Scrap silver
So the market waits with bated breath for Trichet's last meeting as ECB President. TMM must say they are glad to see the back of him - ...
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Beware Bears Bearing Maps
Wowza. That was interesting. China CDS apart, the response to our calling for a turn in risk in the markets was most informative. TMM's ...
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Buy back Tuesday?
We left on Friday with the plan to sell and not buy back until today. So far so good, but do we buy back now? Glancing through the OED, as o...
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