Have you heard the new smash hit "The Old Lady is a Tramp" from Tory Storm and the Hurricanes? She gets too frightened to ever h...
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Fixed income: beginning of the trend or beginning of the end?
If you feel like much of your bond market commentary has come from Auric Goldfinger recently, you're not alone. The drumbeat of apparen...
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Schlemiel, schimazel
American readers of a certain vintage will no doubt recall a television sitcom called Laverne and Shirley , a spin-off from Happy Days in t...
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Doctor, doctor
One of the more politically-charged headlines to flash across the newswires in recent days is the revelation that Obamacare insurance premiu...
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A matter of perspective
While the gyrations of volatility in Banca Montei dei Paschi recently may seem quite extreme... ....when you look at where it's com...
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A few thoughts on credit
Following on from yesterday's chart about the stellar performance of US high yield, Macro Man updated a number of his indicators on cred...
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Macro Man's a little tender for writing, having flown off his bike via a garden hedge yesterday, so today's post is confined to obse...
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EUR and CNH
Although yesterday's ECB meeting was never going to be in play, Mario Draghi was particularly circumspect, refusing to drop much of a hi...
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Crude and inflation
Probably the most interesting story of the day yesterday was the large unexpected draw in US crude inventories. (The final presidential deb...
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Looking at something a little more attractive
Sometimes, there just isn't that much to say. This is particularly true after a day when, instead of staring at this and this ...
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Spread 'em
If something seems to good to be true, it usually is. So it was with the set up in Treasury bonds yesterday, as they delivered a tasty squ...
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Monday blues
Another Monday, and just when you thought the world couldn't get any more depressing, we now have to confront the remarkable spectacle o...
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Spare the rod and spoil the child
With earnings season here, it looks as if the market is limbering up and stretching its shoulders in anticipation of another round of throwi...
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