Another farewell (of sorts)

It's with mixed emotions that Macro Man must bid readers another farewell, of sorts.    Today marks the last regularly scheduled post in this space by your author, the culmination of his second iteration of stewardship of the good ship MM.

Readers will recall that Macro Man has toyed with the notion of converting the blog to a paid subscription model.  After soliciting feedback and doing some other research, in the end Macro Man has opted against pursuing this approach.  Instead, he is pleased to announce that today he is joining Bloomberg, where he will be doing Macro Man-style analysis and commentary that will be available to all terminal users.

It's been a pleasure to write in this space over the past 2 3/4 years, and the discipline of doing so has kept Macro Man more engaged with his brand of macro analysis than would otherwise have been the case.  The community of the comment section has by and large been an asset, even though in recent months it seems as if your author has spent more time moderating than contributing to the discussion.

Moving forwards, Macro Man will not necessarily disassociate himself completely from the blog, as was the case last time.   That being said, he will not be making any further posts dealing with substantive market and economic analysis.  Instead, his contributions will be confined to lighter fare, e.g. Sherlock Holmes and dodgy poetry.

He would very much like for the blog to continue in some sort of robust form, and would hope that readers do, too.   Sadly, the situation is very different from 2010, when a ready-made stable of mates comprising TMM took over the reins when Macro Man last departed these shores.   Between regulation and retirement, none of the former authors in this space are able to assume the mantle that they did last time.

So this is a call to any readers out there who thinks that they may have what it takes to be a macro man.  If you have expertise with macro markets and analysis, a facility with words, regulatory clearance, and the time and inclination to write regularly for the blog, Macro Man would love to hear from you.  This appeal is particularly directed at macro punters who find themselves between seats, as so many do these days.  Macro Man can tell you from first hand experience that writing in this space is a great way to keep your hand in the game and to test out your ideas and theories in the crucible of public scrutiny.

Your author has always found it helpful, and suspects others might, too.  If you're interested, please reach out at mrmacro@gmail.com.  Anyone wishing to touch base via the Bloomberg terminal is also welcome to contact Macro Man at the same address.



It's been a long trip since Macro Man first embarked upon this blogging project more than a decade ago.   While the years of financial repression may have offered somewhat fewer subjects of interest than he may have liked, the current environment and foreseeable future look to be ripe with opportunities, both literary and financial.  Your author will still be there, albeit in a somewhat restricted-access capacity, and fervently hopes that this space and its residents can continued to cast a jaundiced eye over the financial world for years to come.

Good luck to everyone, and happy holidays.

MM


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Anonymous
admin
December 19, 2016 at 7:04 AM ×

Farewell my friend. Your blog has been generated quite a few good trades this year. Your delightful market commentaries will be missed. Wish you best of luck.

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CV
admin
December 19, 2016 at 7:16 AM ×

Good luck MM! Looking forward to enjoy your analysis on the terminal!

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Anonymous
admin
December 19, 2016 at 7:17 AM ×

Thank you. You will be missed here.

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Anonymous
admin
December 19, 2016 at 7:24 AM ×

Wow, great move, bbg should consider themselves lucky!

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Anonymous
admin
December 19, 2016 at 7:36 AM ×

Best wishes MM !

Maybe leave the blog open with daily or weekly empty entries for commenting as a type of open chat for posters to comment on. Some good posters here would be a shame to lose that.

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Eddie
admin
December 19, 2016 at 7:45 AM ×

I second the idea of leaving the blog open as some kind of educated forum. Even if it might need some moderation (i.e. deleting posts once in a while).

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Max
admin
December 19, 2016 at 8:14 AM ×

Good luck @ Bloomberg.

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northshore
admin
December 19, 2016 at 8:29 AM ×

Honestly a little sad, but thanks & all the best MM.
No BBG these days; will look out for your writings here and elsewhere.

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2and20
admin
December 19, 2016 at 8:36 AM ×

Fortunate enough to have a terminal, but maybe Bloomberg would let you publish the articles here with a delay perhaps, like a day later?

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Nico G
admin
December 19, 2016 at 8:44 AM ×

with daddy away for business we are left with a jbtfder orphanage. who wants to adopt one?

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amplitudeinthehouse
admin
December 19, 2016 at 8:45 AM ×

Good to see you go out a winner, MM. Thanks for letting us come along on the journey on and off the desk. F##k me, didn't we make some f##kin calls! Anyway, till next time I'll leave you with the Prince partying.

https://www.youtube.com/watch?v=4NUSAulJpN8

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henner
admin
December 19, 2016 at 8:56 AM ×

phew I have the privilege of a Bloomberg terminal on my desk which makes this announcement more bearable.... still kind of sad to see you move in a more corporate setting

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Thud and Blunder
admin
December 19, 2016 at 9:00 AM ×

Congrats on the new gig, MM. Look forward to reading your work on the terminal.

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Up_Side_Down
admin
December 19, 2016 at 9:02 AM ×

So long, and thanks for all the Fish.

Appropriate in the current environment I think.
The Market Vogons are coming and listening to their Poetry beats all the Anon Cr*p that's been floating around here recently!

Good luck in the new venture.

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Rossco
admin
December 19, 2016 at 9:14 AM ×

Since being a PA punter I'd always considered the Bloomberg an expense too far.

Now that you have joined their ranks I may have to reconsider.

All the best with it, you're certainly going to be one of their best qualified.

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Anonymous
admin
December 19, 2016 at 9:26 AM ×

MM, When do you start? Are you mostly written commentary or on air? See you in the terminal.

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SR
admin
December 19, 2016 at 9:36 AM ×

Congratulations and thank you for your work! See you on the terminal

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Anonymous
admin
December 19, 2016 at 10:20 AM ×

Great blog and sad to see you go. its a pity that your work will only be available now to the rich and privileged

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P Walker
admin
December 19, 2016 at 10:32 AM ×

Thanks for all of the informed content over the last few years MM.

I suppose a spot like BB was inevitable, I always hoped you would be poached back to managing capital.
That tells us enough about the current state of the market, Good luck!

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Anonymous
admin
December 19, 2016 at 10:43 AM ×

Good for you, looking forward to your first piece!
I also share the general sadness / nostalgia of the fun and smarts this place has been over the years.

Best of luck!

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December 19, 2016 at 11:33 AM ×

Hi Macro man...this is jolly sad...sorry to see the blog go...your generosity of sharing trade ideas and research and answering email queries so thoroughly was remarkable in this biz...

Makes me more determined than ever to get access to a Bloomberg terminal...any chance your stuff we will published on BBG website after a delay do you think?

Wish I had the skillset to keep the venture going!

From a biz perspective, sadly I am sure you are a right a fixed retainer off BBG is a far better bet than trying to make a paid for subscription model a reality...less aggro for you also..

Good luck!

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December 19, 2016 at 1:33 PM ×

Good Luck! Looking forward to reading your writing on BBG.

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Vasastan
admin
December 19, 2016 at 1:42 PM ×

Thank you from this long-time lurker too!

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wcw
admin
December 19, 2016 at 1:52 PM ×

Congratulations, and good luck.

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Anonymous
admin
December 19, 2016 at 1:58 PM ×

please ask bbg to let you post the articles here with a 1 or 2 days delay.

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Anonymous
admin
December 19, 2016 at 2:15 PM ×

MM- thank you for creating such a great forum.
How cool would it be if the regulars (Nico,LB, abee, CV, washedup, johno) contributed a post 1x/wk.

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Skr
admin
December 19, 2016 at 2:18 PM ×

https://youtu.be/TY2ajoB_soc

Take 'er easy there, pilgrim

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washedup
admin
December 19, 2016 at 2:30 PM ×

Hey MM - sry to hear - bloomberg is a tad expensive for me in my current situation, so I suppose it is a true farewell - I am happy to contribute ideas to the forum just like usual if others are - unfortunately, putting up an article requires access to feeds that I don't currently have.
The regulars should definitely keep this forum alive if possible. Look forward to hearing ideas in that regard.

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Anonymous
admin
December 19, 2016 at 2:38 PM ×

Congrats MM.

I've been a quiet but regular reader since Brad Setser's reserve watch was a regular feature.

You will be missed. Your style and analysis is sorely lacking in today's media. BBG is lucky to have you.

I've learned much from MM, TMM, and the long term commenters who've been showing up for years.

Thank you all.

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Anonymous
admin
December 19, 2016 at 3:02 PM ×

Blimey MM
Good luck to you at the bbg behemoth
Cheers
JL

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Panda
admin
December 19, 2016 at 3:12 PM ×

Wow this is unexpected and sad. You mentioned turning this into a paid site - would having done this change the outcome at all? Anyways, farewell and hopefully your BBG articles will be public.

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Anonymous
admin
December 19, 2016 at 3:35 PM ×

MM -

Hmmmm...what a bad way to start a Monday!

The style, wit, informed and unique thinking on this blog have made my daily (for years) journey to this site nothing short of wonderful. Between your insight, the tone you set, and the other contributors, I have learned much and have had some very great fun in the process. Most of what is on the internet is drivel, and this site, your work here (and all of TMM's) have been much appreciated by me. You will be missed.

We are retail, so no BBG here, and therefore would second the idea of possible delayed posting of the BBG commentaries here. That's some extra work for you (and may not be possible in any event), and will understand should it not come to pass. But you have done much to add informed value and humor to my life and I want to thank you for all your efforts. BBG are very lucky to have you.

If the community finds itself a home elsewhere, I would be eager to know where it might be.

But it won't be like this one.

Good luck in all - and thanks for everything.

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Tonto
admin
December 19, 2016 at 3:54 PM ×

Many thanks for many years of useful and incisive commentary. Best wishes for your latest reincarnation on BB.

From a long time lurker.

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johno
admin
December 19, 2016 at 4:06 PM ×

Macro Man, congratulations on your new role at BBG. I will be an avid reader of yours.

Your whole oeuvre of analysis and wit here is incredibly impressive. I hope you leave it up so anyone curious about macro can appreciate how a first-rate mind saw the world this past decade. When I first learned of your site, I went back and looked over many of your old posts just to try to acquire something of your way of seeing the world.

Wishing you and all my macro mates here the very best!

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JMT
admin
December 19, 2016 at 4:07 PM ×

Congrats on the BBG gig.

No surprise really as too much 'Anon' bs was appearing on the blog.

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Anonymous
admin
December 19, 2016 at 4:24 PM ×

as if getting Brexit, Farage and Trump wasn't punitive enough, we now lose you MM... this will have been a year that leave very mixed emotions very much indeed MM... thank you so much for all this insight, this sharing, this wit, thank you to miss macro man to for her support too, and good luck at BBG...and remember, if they annoy you too much, your seat here has your name all over it, why not in a Fremium fashion this time....
JD

ps : to the long time pillars, nico g, lb, johno, polemic (where are you mate, polemic pains is a must read, why not transfering here), cv, washedup, checkmate, cpi, nemo, only to name a few... Prenez le relais, you can do it!

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Anonymous
admin
December 19, 2016 at 4:43 PM ×

Should have known something was wrong when I saw that there so many comments so early in the day. :(

Let me add my thanks to the chorus. This has always been a site I never missed from the very beginning (except during your previous absence). And also my congratulations on joining Bloomberg. That will really increase your visibility.

Hope some of the people here can keep the community alive via contributions. I might be able to come up with something of moderate interest occasionally (maybe once a week, at most), and will contact you via e-mail about that.

When will we start seeing your wisdom on Bloomberg?

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IPA
admin
December 19, 2016 at 4:57 PM ×

Why do all good things have to end so soon? I am sorry to see you go. But really, you left us thinking that perhaps we should keep this up. I will be checking here periodically to see if the regulars decide to reconvene on a different venue or somehow here in a new format. Please let us, civil readers/commenters know if that should happen. Those who regularly poluted the comments threads, shame on you!

Sorry, don't have the terminal as I am too stingy and built my own "machine" (lol, not even close). Probably the reason why you could not monetize this blog in the first place :)

Good luck to you and try to continue being yourself and don't let them (BBG) skew your thinking!

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Nico G
admin
December 19, 2016 at 5:51 PM ×

Russian ambassador got shot dead in Ankara

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AB
admin
December 19, 2016 at 6:48 PM ×

Thanks for all you have done on the blog. I will continue to follow you on the terminal. I would like to see the forum continue.

Best of luck.

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dodahman
admin
December 19, 2016 at 6:51 PM ×

I have learned much amount from you and other posters, but not enough!!!!
Good luck and congrats. Thanks for all you did.
A paying gig is good.

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Leftback
admin
December 19, 2016 at 7:05 PM ×

The best of British with the new gig, MM. LB hopes you enjoy Metro North as much as the rest of us have over the years... seriously, mate, it's very exciting, and now there will finally be someone on telly who understands the Eurodollar market.

Btw, for those keeping score at home, LB's muni punts from November are well above water, which we think augurs well for an eventual turn-around in the Treasury market. Take a look at charts for MUB, IQI etc., and they are all very constructive.

As for equities, we are now at the point where no-one thinks we can enter a bear market in stocks, not even LB. The present sentiment extremes make you wonder what might be just around the corner.

It is my hope that some of the regulars can manage to contribute in some small way to the next incarnation of the blog. The day job makes it a little difficult to compose intricate posts, but we are always keen to weigh in on fixed income matters especially in the New Year. I promise you that 2017 is going to be a very interesting one.

LB might offer a small contribution before the end of the year, on the topic of "Trumpflation or Deflation?", something we have been musing on almost since the election result became known. Let us know if and when the new management takes over, MM, and for now, Merry Christmas to all the Macros.

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Anonymous
admin
December 19, 2016 at 7:41 PM ×

Thank you MM for the blog and cong on your new adventure!

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Nico G
admin
December 19, 2016 at 8:47 PM ×

Berlin truck attack on a Christmas market, just like last summer in NIce

thank you Angela Merkel. This is the death of Europe as we know it

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washedup
admin
December 19, 2016 at 9:16 PM ×

Between the Russian ambassador and the Berlin attack, feels like a world war is about to start - I am not worried though, because Trump will soon be in charge and with his cerebral approach, he will make sure cooler heads prevail everywhere. I think everyone should short VIX here at 11.5 for the imminent move to a 9 handle. What say Nico???
Left - good day on TLT today - maybe this is the 5-6$ move starting we will see.

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Nico G
admin
December 19, 2016 at 9:22 PM ×

they way people have been polarised in MENA by 40 years of disastrous foreign policy and an addiction it seems, to unintended consequences is immensely sad. They are dismantling attacks almost every day in Europe, this one went though... Daech is clearly after Santa and Christmas spirit.

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Anonymous
admin
December 19, 2016 at 9:56 PM ×

Have really enjoyed your blog and wish you all the best at bbg. Where can we find you on the terminal? Any chance you could post to Bloomberg View or similar?

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Anonymous
admin
December 19, 2016 at 10:06 PM ×

1400 point rally in Dax since Trump low. I took it on the close there Nico. Fx is the only thing holding this up. Italians breaking rules to bail out banks. Terror attack in Berlin. Merkel is done.

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Anonymous
admin
December 19, 2016 at 10:15 PM ×

seriously, you got me into macro ... the debt is so large, even excluding the pnl.

I'll be ready from the library's terminal at least, can you maybe let us know blog-side when you have new content? Will click as many times as necessary to make sure you are MVP and they know how lucky they are.

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Anonymous
admin
December 20, 2016 at 12:10 AM ×

Well this bites.

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Anonymous
admin
December 20, 2016 at 12:19 AM ×

Ambassador murder... remember Obama's threat "retaliation at a time and place of our choosing": http://interaksyon.com/article/135317/time-and-place-of-our-choosing--obama-vows-retaliation-vs-russian-hacking

4 days later this happens and attacker rumored al-Nusra related, US funded and armed group. Ambassador also rumored to be fluent in Korean and Chinese with mandate to pave Turkey's way into SCO. Who benefits from RU TR relations not improving.

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abee crombie
admin
December 20, 2016 at 12:22 AM ×

Best of luck MM. I look forward to your commentary on the bloomy. So i guess now we will get to learn your name. I hope this blog can continue. Learned a lot here; when i first started reading i hadnt a clue about fundamentals just trends ( and an incomplete understanding at that ) now i know a lot more ( though it doesnt always help making profitable trades) and bieng able to comment and have the ideas challenged has been a big help.

Im willing to commit to a bi weekly commentary if youll have it. Hopefully some of the regulars and maybe a few anons will be able to keep it up well.

where are cmpi, nemo ans pol ? Miss those guys too.

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abee crombie
admin
December 20, 2016 at 12:39 AM ×

Re these terrorist attacks on EU soil. Not to get too political, but the EU has mostly been a big critic of Isreali government actions towards terrorists for the past few decades. Sadly if you want to deal with islamic fubdamentalism there is no good solution, only choices in which someone loses out. The longer it takes the EU to figure this out the the harsher the eventual reaction will be. The terrorists groups realize this- they want a holy war. Europeans, scared with memories of WwII will avoid harsh treatment for along time. We probably have a few more years before they wake up and realize they are screwed and need to attack the root of the problem ( which is militant islam). Maybe even some liberals start to figure this out.

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abee crombie
admin
December 20, 2016 at 12:39 AM ×

Re these terrorist attacks on EU soil. Not to get too political, but the EU has mostly been a big critic of Isreali government actions towards terrorists for the past few decades. Sadly if you want to deal with islamic fubdamentalism there is no good solution, only choices in which someone loses out. The longer it takes the EU to figure this out the the harsher the eventual reaction will be. The terrorists groups realize this- they want a holy war. Europeans, scared with memories of WwII will avoid harsh treatment for along time. We probably have a few more years before they wake up and realize they are screwed and need to attack the root of the problem ( which is militant islam). Maybe even some liberals start to figure this out.

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koolbong
admin
December 20, 2016 at 2:05 AM ×

Thanks for the blog MM... and Congrats on your new role !!
Will follow you on Bloomberg, but will also hope (like many others here I suppose) that your blog somehow finds a fresh lease of life, as it has a couple of times in the past...

I do feel you should try and get Bloomberg to allow you to repost your stuff here, after a suitable lag of course... that way the posts get archived for posterity, and it also leaves the forum open for some brilliant commenters...

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Anonymous
admin
December 20, 2016 at 8:12 AM ×

I'm convinced the EU are behind ISIS.

They forced excessive immigration from ISIS areas into Europe, forced "multiculturalism" (a policy designed to destroy white, European society and religion) and enact political policies which promote terrorism. Their passive approach to dealing with the hundreds of terror attacks in Europe only encourages more.

The way to destroy terrorism is to dismantle the EU, and vote for EU politicians to be imprisoned.

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Anonymous
admin
December 20, 2016 at 8:56 AM ×

Thanks very much for my favorite 10 minutes in my daily morning routine. You will be missed.

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checkmate
admin
December 20, 2016 at 9:47 AM ×

Whilst I have not always shared your views on matters I have certainly appreciated your willingness to try and maintain an objective argument on same. Not easily done as we know when such matters give rise to emotional involvement.
I wish you the very best of luck with your new role .
Merry Xmas and Happy New Year to all.

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Anonymous
admin
December 20, 2016 at 11:10 AM ×

Been reading almost as long as since 2009, the advent of financial blogs rise. One of the few blogs that actually check more or less everyday to bounce off own ideas. Though my main focus is on EM, the discussion here have always been interesting and useful. All the best MM...and please post handle on BBG so can follow the articles.

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AW
admin
December 21, 2016 at 12:38 AM ×

Sad to see you go, but best of luck.
Will be looking out for your posts on bbg.

Hopefully the forum can continue. It's always interesting to hear from somebody with a different view/experience.

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Cityhunter
admin
December 21, 2016 at 10:33 AM ×

Thank you MM, for creating such a wonderful blog for macro and market debate. Sad to see an end has come, and wish you all the best with bloomberg

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Maverick
admin
December 22, 2016 at 3:00 PM ×

Thank you MM for your excellent stewardship of the blog over the years! Good luck with your new role and I look forward to reading more from you on the BBG.

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Anonymous
admin
December 27, 2016 at 2:30 AM ×

Been reading only few months, thank you MM. Congrats and all the best for your future endeavours! Looking forward to read you on BBG.

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Reid Simon
admin
December 27, 2016 at 8:34 PM ×

Firstly, congratulations on making the move! Selfishly, though, I'm so sad to see you go. Your blog has been my first/last reach of the day - depending what time my day ends, and I'll greatly miss your wonderful insight, humor, and frequent vocabulary lesson! Onwards and upwards!

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Anonymous
admin
December 27, 2016 at 11:43 PM ×

Have been reading this blog since 2008. Last time I think I was your millionth reader,from Canada.

I hope it continues with input from readers like Washed, Abee, Nico, and other regular mates.

If this shop closes, we are left to the mercy of Yahoo and Mktwatch and the likes

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Anonymous
admin
December 27, 2016 at 11:56 PM ×

LB and POl

Maybe POL can transfer his blog here.

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