tag:blogger.com,1999:blog-34323687.post1926493087212495194..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: Monday morning bullet pointsMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-34323687.post-86815421018607520982016-07-27T12:46:26.907+01:002016-07-27T12:46:26.907+01:00"As an aside, why doesn't every country t..."As an aside, why doesn't every country that can issue debt at negative levels do so to the hilt to pay for infrastructure?"<br /><br />Now this is something everyone should be asking their politicians.. The only thing I'd add is "at negative levels for 5 years or more", as the debt will require to be rolled at some time.. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34511642069466195862016-07-25T15:58:07.546+01:002016-07-25T15:58:07.546+01:00LB, your CAD call was spot on. Breaking out ... di...LB, your CAD call was spot on. Breaking out ... dido for oil, though its starting to get into an interesting level, with interesting seasonals as Anon pointed out and MS has been saying. MLPs are holding up, thankfully. Oil equities though should start reconsidering <br /><br />MM for all the talk of VIX, curious if you have run anything with VIX vs HY/IG spreads. Me thinks the two are very much correlated in HFT models, but currently the spread is pretty wide. <br /><br />abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-58442953308585031202016-07-25T15:01:12.173+01:002016-07-25T15:01:12.173+01:00HEDGE FUNDS cut net long position in Brent + WTI f...HEDGE FUNDS cut net long position in Brent + WTI fut + opt by -31 million bbl to 453 million bbl in week to Jul 19<br /><br />via: https://twitter.com/JKempEnergy/status/757529796586967040Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-562604407377156932016-07-25T14:56:15.454+01:002016-07-25T14:56:15.454+01:00Oil bulls, please note: Over the past five years, ...Oil bulls, please note: Over the past five years, refiners’ thirst for oil has dropped an average of 1.2 million barrels a day from July to October.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82769762737136498222016-07-25T14:53:03.332+01:002016-07-25T14:53:03.332+01:00Japan Exports Down for 9th Month. Exports to the U...Japan Exports Down for 9th Month. Exports to the U.S. fell 6.5 percent in June from a year earlier, while shipments to the EU declined 0.4 percent and sales to China, Japan’s largest trading partner, dropped 10 percent.<br /><br />On the speculative deal between the EU and Britain: As long as they get their monthly check from Britain for their hookers and blow and 5 star hotels, any deal will do.<br /><br />Britain needs a Common Market with Europe, not a political union, and the European economy and its people need the same except the unelected power-hungry technocrats at the EU stand opposed. The resultant discontent in the region is a tragedy of immense proportions and will only get worse over time unless the will of the people overcomes the power of those in political control.<br /><br />Why I voted to exit the EU:<br />http://www.nassauinstitute.org/articles/article1410.phpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71100869527547389542016-07-25T13:10:07.722+01:002016-07-25T13:10:07.722+01:00Sold for $2500. TBH while the car was lots of fun...Sold for $2500. TBH while the car was lots of fun to drive when it worked, it was generally a disappointment. Build quality was shoddy (had a panel fall off after a month)and had had previous engine issues (fuel injectors magically failed.) I couldn't really justify to myself putting any more money towards a car that had a catastrophic engine failure after 45,000 miles.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61378918706869787192016-07-25T12:41:30.813+01:002016-07-25T12:41:30.813+01:00Did I miss your VW resolution? Did you take the of...Did I miss your VW resolution? Did you take the offer? Did you consider an independent shop? What in Hell happened to the engine, anyway? As a long-time hot rodder, I wonder this. My bonafides: http://www.hobbytrading.com/private//62gto/ and feel free to contact me if you'd like help sorting out the engine in your problem child.John Beechnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12636380993119157662016-07-25T11:40:33.088+01:002016-07-25T11:40:33.088+01:00Seven years is a long time in politics... long eno...Seven years is a long time in politics... long enough to gin up enthusiasm for another referendum to go back in again?<br /><br />Breakfast in Cambridge this morning, brief conversation with a French couple. LB managed a facsimile of a Gallic shrug when discussing the recent choice of the British electorate.<br /><br />Nothing going on in FX this morning. EU bank stocks drifting up.Leftbackhttps://www.blogger.com/profile/07728096415928915882noreply@blogger.com