So, Deutsche Bank. Macro Man wrote on Tuesday that he had " yet to hear any of the 2008-style 'x is no longer trading with y'...
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What's more important to savers: nominal or real rates?
Unlike most factories throughout the globe recently, the rumour mill has been working at full capacity this week. The recent cuts to the Sa...
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Front end spread widening: not just a regulatory thing
The DOJ taketh away, and the DOJ giveth back. While the $14 billion charge from the Department of Justice represents a Sword of Damocles ha...
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So much for the holding pattern
So much for the holding pattern. While 84 bps on the SPX felt worse than it probably should have, given how accustomed markets have become...
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Holding pattern
Are markets going to enter a holding pattern this week? Obviously, that doesn't mean that nothing can or will happen, but it's a bi...
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The student loan debacle
Well, yesterday panned out largely as expected, with bond markets buoyant and equities following suit. If the dollar fared a bit better tha...
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Fed post-mortem
Well, in the end the Fed did largely what Macro Man expected. The hint of a December move was, if anything, more overt than anticipated, an...
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It's raining dots
Hi, we're your central bank And have we got news for you You better listen Get ready, all you Fed funds shorts And leave those sell ...
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The BOJ in a nutshell
* The deposit rate was left unchanged. * The much vaunted yield curve targeting, the "Qualitative and quantitative easing with yield ...
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Brother, can you spare a loan?
Macro Man is writing this before the BOJ announcement, though by the time you read it we'll know the policy choice that was made. If it...
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Kuroda's conundrum
Imagine that you are Haruhiko Kuroda. Appointed by a once-failed prime minister keen to redeem himself, you have been given carte blanche t...
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Overcapacity
Another week begins, and it's hard to figure out what the talking points may be for the next few days...err, scratch that. Focus will c...
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Annie get your fine
In the wake of the DOJ's $14 billion fine on Deutsche Bank- coincidentally, almost exactly the same as the belated tax bill that Europea...
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The impact of NIRP on inflation: some empirical evidence
Another day, another round of lousy US data, another sell off at the long end of the curve, and another big move in the SPX. Only this time...
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A respite from the cesspit
So bonds took a respite from the cesspit yesterday, though the follow though from the strong open was less than impressive. Still, the bes...
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