A little sport to start a big week

It's obviously a massive week for macro punters, what with the Fed and the Scottish vote and the first TLTRO auction.  Why not ease into it buy watching a little sport, like a high dive competition?

Our first competitor, "80s man", is diving off a platform 52.4 meters high....




Very impressive!   Can our second athlete, "China Industrial Production", top it?


Ooooh, the judges like that one, Jim!   Much like in the Olympic events, the Chinese diver takes the lead!  Can our third and final contestant, "AUD", possibly unseat the Chinese champion?



The crowd is on its feet, roaring with approval!    Jim, I think the AUD has won the diving competition!   It has!  A stunning upset!   Let's go to Mesa Jones, our sideline reporter.  What can you tell us, Mesa?





"Well Gary, the Australian team is clearly jubilant that their athlete, the AUD, has performed so well in a diving competition.  Just a couple of weeks ago it was unclear whether the AUD would be able to dive at all, so this is a real upset and the Aussies are over the moon at their victory.


"When I spoke to the Chinese coaches, they were very disappointed with their performance, which nobody saw coming.   Although Chinese IP has been competing naturally for some time now, the coaches suggested to me that they may soon put IP back on a course of performance-enhancing drugs.   Back to you in the studio, Gary."


There you have it, folks, a superb diving competition to start your week.   Stay tuned for more great sport later this week, including Connect-the-Dots from Washington DC,  the British Tug-of-War Championships over Hadrian's Wall, and target-shooting from Frankfurt.


Thanks for watching CNBC8, the Ocho!
  
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Roman
admin
September 15, 2014 at 12:27 PM ×

Haha, the competition is called race to the bottom

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abee crombie
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September 15, 2014 at 1:43 PM ×

Dollar strength, commodity weakness and political instability, Russia demands to be included on your list!

B( ex R)IC equity markets seem to love it though.

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Polemic
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September 15, 2014 at 3:55 PM ×

You can add to that a daily chart of my happiness, having just to back from a two week holiday yesterday.

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Nico G
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September 15, 2014 at 4:47 PM ×

brilliant

Brazil would love a wild card here, approaching Roussef season 2

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Hotairmail
admin
September 15, 2014 at 5:29 PM ×

Hadrian's Wall? Good God are we in danger of losing half of Newcastle too?

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Leftback
admin
September 15, 2014 at 6:42 PM ×

Newcastle United's league position is another entry !!!

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Leftback
admin
September 15, 2014 at 8:11 PM ×

DX up 5% in two months...

Will Bucky complete the parabola on Wednesday after a change in "forward guidance" and the "dot plot"? But then take a massive cliff dive as soon as Dame Janet begins her presser and starts talking?

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amplitudeinthehouse
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September 16, 2014 at 3:25 AM ×

A little sport you say..
Just amazing , when you think after ten years since the tech implosion here we are with another wanna Daddy Mac presenting the same arrangement that I've been avoiding all these years.
There's something missing here that we've yet to prove. Yeah, that was prove , because I know deep inside what it is but you know without proof I can't deliver.
You have my word Old boy if I can ever prove it you're going to number one!

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Anonymous
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September 16, 2014 at 8:16 AM ×

C Says
In the immortal words of Mel Gibsons William Wallace ;
"Ye kin take our MP's so ye kin never take our pensions".

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Anonymous
admin
September 16, 2014 at 8:38 AM ×

No, C...ye kin take our bitches old boy, but ye kin not take our honor.

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CV
admin
September 16, 2014 at 9:25 AM ×

As a (recent) resident of Newcastle, I can only second LB's first comment. It is getting very poisonous up here ... At home to Hull in the weekend too, which should be fun.

Of course, I am a Chelsea fan personally ... so I am just having a laugh at all this.

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Anonymous
admin
September 16, 2014 at 11:33 AM ×

I take that back old boy, your not going to number one, take the bitch, and I"ll put it on the house for ya:)

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amplitudeinthehouse
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September 16, 2014 at 12:56 PM ×

Wonder how the Global Macro Funds are going this year?..
Wonder if that Tudor guy funds is up for the year..Wonder if his got a bridge to sell, or little house with a red light in front it for let..
Nah , couldn't be going that bad , surely.
Now we know why the big fella never had any doubt where to throw his chips.

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amplitudeinthehouse
admin
September 16, 2014 at 1:09 PM ×

Sorry, Tudor if I upset you , it's just following all these macro funds the last two months I've finally come to realize that some managers are dishonest..can you believe that!

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Macro Man
admin
September 16, 2014 at 2:09 PM ×

C'mon guys, there really is no need for that. I have a number of mates at Tudor who are good dudes.

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Anonymous
admin
September 16, 2014 at 2:21 PM ×

C Says
"High household debt levels could be one of the main reasons the 2008 financial crash became the longest and deepest recession since the 19th century, according to a report by the Bank of England."
What can I say? I just have to stand in awe at this degree of insight. Perhaps better not to ask the question who was controlling the level of rates post millennium that lit a bonfire under that level of debt.

There is really a case to be made for just employing half a dozen chimps to run the BOE and see if we could ever tell the difference.


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amplitudeinthehouse
admin
September 16, 2014 at 2:28 PM ×

Come off it Macro Man, you can't tell me the NY boys didn't know what was going on on Tudor desk. How can you trade with NY boys after that!

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abee crombie
admin
September 16, 2014 at 2:28 PM ×

RUB looks like its getting into diving high gear, though CB curbs should probably come in here

Onto other despots, PDVSA bonds not looking so hot either. Though recent default talk was probably just that

While some may be worried about US producers here, neither of the aforementioned can do without oil revenues/taxes.

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amplitudeinthehouse
admin
September 16, 2014 at 2:43 PM ×

Amended:

Sorry again,Tudor ..

But yeah , being spot on has never felt better. Not all the billions in the world can produce what I'm feeling.
Ecstasy in spades and pride beyond belief.

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Anonymous
admin
September 16, 2014 at 3:22 PM ×

C Says
When this is what you sing then it's a brave man who tries to compare you to Quebec for a valid analysis of what might happen. Hat tip at Goldman;

Scotland The Brave (otherwise known as Anthem of the Madmen)

"Hark, when the night is falling
Hear, hear the pipes are calling
Loudly and proudly calling down through the glen
There where the hills are sleeping
now feel the blood a leaping
high as the spirits of the old highland men

(Chorus)
Towering in gallant fame
Scotland my mountain hame
High may your proud standards gloriously wave

Land o' the high endeavour
Land o' the shining river
land o' my heart forever
Scotland the brave

High in the Misty highlands,
out by the purple islands
brave are the hearts that beat beneath Scottish skies
wild are the winds to meet you
staunch are the friends that greet you
kind as the love that shines from fair maidens eyes."

I'm going to put it down to the booze that on my historic trips to Scotland I didn't actually come across too many of those "fair maidens" unless we use that tag very loosely.

Seriously, Goldman S perhaps don't understand just how many Scots are borderline lunes when it comes to patriotic fervour. I think there's no edge apparent for calling this weeks result so I've postioned accordingly.


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amplitudeinthehouse
admin
September 16, 2014 at 3:51 PM ×

C, not a bad song I'd say, if I were to add a line it would go something like,

"Son , tell the NY boys I'm done"

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amplitudeinthehouse
admin
September 16, 2014 at 4:07 PM ×

Heard at the Macro desk,

ROMEO TO ALPHA
ROMEO TO ALPHA
BROKEN ARROW

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Mr. T
admin
September 16, 2014 at 4:48 PM ×

I'll take the other side of all the 'the fed is turning hawkish' tales. It makes no sense - Yellen has always been a champion of easy money, none of the data implies overheating or excessive negative effects from current policy. It's clear (at least to me) that the fed see's the economy and confidence in general as very tenuous and subject to shocks. The USD run over the last couple weeks and the bump in rates is enough of a speed bump to keep the 'hawks' on the fed happy - I think its very unlikely that they will see any need for additional tightening, especially 1 day before the whole Scotland debacle.

So I'm looking for "considerable period" language staying, press conference and Yellen to continue to focus on datapoints implying weakness, and perhaps even a change in fed forecasts that is more inline with the street about rates in the out years.

Dollar negative (although likely to be muted reaction due to upcoming headline risk) - USDJPY to take the brunt of the move. Bonds rally across the curve, risk assets higher in general, and of course a nice bump in my SPX2K.




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amplitudeinthehouse
admin
September 16, 2014 at 4:58 PM ×

REPEAT
BROKEN ARROW

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Anonymous
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September 16, 2014 at 5:31 PM ×

C Says
I find myself with Mr T once again. Basically ,a none event with Yellen not altering her position in any significant way.

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