tag:blogger.com,1999:blog-34323687.post1979940865676383584..comments2024-03-28T00:23:22.838+00:00Comments on Macro Man: You know the world has gone mad when...Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-34323687.post-62314461695577679022011-08-10T11:09:51.947+01:002011-08-10T11:09:51.947+01:00Anon 9.05 ..you are correct..sry.. they have start...Anon 9.05 ..you are correct..sry.. they have started. But am I right in thinking that front line Police manning level cuts not started yet tho? Never post anything after midnight!Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49224357688315285602011-08-10T10:27:05.102+01:002011-08-10T10:27:05.102+01:00Must be because the man with the white hanky yeste...Must be because the man with the white hanky yesterday called on Eurozone governments to do their duty.<br /><br />More potty training then.ntwscnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19218116425337073782011-08-10T09:15:02.405+01:002011-08-10T09:15:02.405+01:00Italy and Spain rates are plunging. That's the...Italy and Spain rates are plunging. That's the real story here. End of the world has been averted for the time being.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87693735024473615802011-08-10T09:05:23.123+01:002011-08-10T09:05:23.123+01:00This may sound very stupid, but I thought austerit...This may sound very stupid, but I thought austerity had already started in the UK. What about it then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-14974337787774155242011-08-10T07:59:47.028+01:002011-08-10T07:59:47.028+01:00Anon.6.49 never had a request like that before, bu...Anon.6.49 never had a request like that before, but can be arranged if u email me! Or you could just forge sigs on a print out....Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71750449895147048782011-08-10T06:49:41.177+01:002011-08-10T06:49:41.177+01:00guys I would like to get a singned copy of this po...guys I would like to get a singned copy of this post and frame it. will pay for it! :D<br />just one small addition. at some the demand for paper became so great that talented people eventually found brilliant ways to create it out of thin air, rather than wait for markets to go up, with the use of complex derivatives. you take the same "mark to market" trick that creates and wipes out grillions of dollars every day, you raise it to the power of 10 inside complex models that rely on obscure and illiquid market parameters, and you got yourself a machine that creates perceived wealth every trading day. banks were extremely competitive at building positive mark to market out of thin air and paying those involved in cash. now they call them toxic positions for some reason.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41884706016702749142011-08-10T00:38:46.112+01:002011-08-10T00:38:46.112+01:00Comedy article of the day below.
I won't bot...Comedy article of the day below. <br /><br />I won't bother skewering this, we can all drive a truck through the logic and Mr Market demonstrated the fallacy of the argument today.<br /><br />http://seekingalpha.com/article/285833-time-to-sell-out-of-mortgage-reitsLeftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2567672209068094222011-08-10T00:09:26.277+01:002011-08-10T00:09:26.277+01:00Suggest that riots are nothing to do with austerit...Suggest that riots are nothing to do with austerity. It hasn't been implemented yet. The threat of austerity may also be keeping the UK from becoming another italy, spain or US.<br /><br />Media doing a murdoch on the riot stories. Think they past their worst. Perhaps legacy is a lurch right in the politic. Own goal for faux poverty riot excuses.<br /><br />Buy betty, she is as sound as a GBPPolemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46235319661611953412011-08-09T23:52:24.922+01:002011-08-09T23:52:24.922+01:00I think austerity is damned if you do, damned if y...I think austerity is damned if you do, damned if you don't anyway. If they stick to the plan, growth is going to be savaged, and that in turn means low rates as far as the eye can see - and the MPC increasingly moving towards Posen's position.<br /><br />Question is more - against whom do you sell it? I like the Canucks (can't bring myself to chasing some emmenthal), but then you probably get murdered if you do indeed have a US recession on your hands.Dublin Dundee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87272208826643311822011-08-09T23:37:37.182+01:002011-08-09T23:37:37.182+01:00Riots in Manchester, pretty serious. Thank goodnes...Riots in Manchester, pretty serious. Thank goodness it is supposed to rain tomorrow.<br /><br />TMM, in view of the UK situation, isn't harsh austerity going to be off the table? Time to bash Betty?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88814581690669635602011-08-09T22:37:57.183+01:002011-08-09T22:37:57.183+01:00"the rotation trade is really going to hurt s..."the rotation trade is really going to hurt some people now that Japanification is fully priced in2<br /><br />Yes not going to feel so treasured shortly shortly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13332499839900046552011-08-09T21:06:33.360+01:002011-08-09T21:06:33.360+01:00bro, no axes here. gold is just a trade. both the ...bro, no axes here. gold is just a trade. both the bears and the bulls have legitimate points. (my divining rod seems to be broken.) in any event, that air pocket going into the close was curious.<br /><br />take care over there. if you need help, give a shout - we'll send the little frenchman.Secret Saucenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1397383481958278672011-08-09T21:04:32.720+01:002011-08-09T21:04:32.720+01:00Ooooooohhh.. global squeeze of biblical proportion...Ooooooohhh.. global squeeze of biblical proportions underway. we could be shaking hands with 1250 by the end of the week.<br /><br />You don't want to look at Mr Shorty today. My, that was a lot of leverage. Nasty.<br /><br />The question, as always, is now: What Next?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12302169441262816942011-08-09T20:57:10.453+01:002011-08-09T20:57:10.453+01:00No idea at all on gold. Just like to annoy people....No idea at all on gold. Just like to annoy people.<br /><br />:-)Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23805445695845425782011-08-09T20:55:18.297+01:002011-08-09T20:55:18.297+01:00It was Anna's CFO buying 1k shares what did it...It was Anna's CFO buying 1k shares what did it.<br /><br />Who shorts a stock that has a 20% dividend you need to replace? I guess that's a conviction call. <br /><br />Don't think the call on gold is so clear cut, tho.Secret Saucenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72404770410334635752011-08-09T20:47:51.221+01:002011-08-09T20:47:51.221+01:00VIX plummeting.
Yesterday's expensive puts a...VIX plummeting. <br /><br />Yesterday's expensive puts are probably going to expire worthless. The real tell today was seeing the bank stocks staying up when the market tanked to 1103.<br /><br />Energy puke might still have legs, oddly enough.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6455904140531509782011-08-09T20:44:53.882+01:002011-08-09T20:44:53.882+01:00Anna Lee moving places. Soon going to be too late ...Anna Lee moving places. Soon going to be too late at that pace.<br /><br />I am also quite enjoying the 3 figure reversion in Betty Canuck, and this even before the Swerve has gotten the chance to show us his revised GDP forecasts.Dublin Dundee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20129309708902913772011-08-09T20:38:39.823+01:002011-08-09T20:38:39.823+01:00Hope so, Dublin.
Goldbugs will be next on the cho...Hope so, Dublin.<br /><br />Goldbugs will be next on the chopping block if we get some decent data and the dollar stops diving.<br /><br />REITs soaring, this morning's pop out to the shops at 9.55 seems to be paying off. I'm having a blinder. Anna Lee is off to the races.<br /><br />Of course, it's about time, innit?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38512565427751044072011-08-09T20:18:33.398+01:002011-08-09T20:18:33.398+01:00the dude who bought that last T note at 2.02% is p...the dude who bought that last T note at 2.02% is probably not going to be very happy<br /><br />the rotation trade is really going to hurt some people now that Japanification is fully priced inDublin Dundee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37740656349170403762011-08-09T20:05:00.689+01:002011-08-09T20:05:00.689+01:001103.09, to be precise. It's a bit tense, isn&...1103.09, to be precise. It's a bit tense, isn't it? Let's see if we can get a day without a late puke.<br /><br />Could be worse, we might be in riot gear in Salford. Boys in blue will have to take care, things are getting a bit naughty out there. After a few days of this brick-chucking stuff the real criminal element comes out.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82375083410215814072011-08-09T19:50:36.570+01:002011-08-09T19:50:36.570+01:00Rates to stay low for the next millennium, and mRE...Rates to stay low for the next millennium, and mREITs looking quite healthy against that backdrop. If you are shorting those stocks, Mr Shorty, I think you are going to have a very sore bottom indeed before long.<br /><br />I see the energy funds are still committing seppuku. Another lot of margin calls at 3.30 and we will see all kinds of bargains out there again. The difference today is that the trash stocks like BAC are up.<br /><br />Sharp bounce off 1100.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65307780189128803242011-08-09T19:22:50.160+01:002011-08-09T19:22:50.160+01:00through mid bullshit? & that s all folks....through mid bullshit? & that s all folks....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69335853126071265732011-08-09T17:44:03.758+01:002011-08-09T17:44:03.758+01:00And now the man with the hanky and the lips is say...And now the man with the hanky and the lips is saying this is the worst crisis since WWII.<br /><br />P'raps he'll be waving it soon.ntwscnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80477497510235622382011-08-09T17:00:01.419+01:002011-08-09T17:00:01.419+01:00Inflation is so tightly yoked to crude oil and gas...Inflation is so tightly yoked to crude oil and gasoline (which feeds into the prices of absolutely everything in the US through delivery costs), but with a constant and predictable delay. It is so easy to understand that you could write an equation to predict it, even if you have a Ph.D. There is no wage inflation or housing cost inflation (guffaw), so no other component is present.<br /><br />The ECB rate hike was a massive policy error made by tools. It's hard to wait for commodity bubbles to pop but they always do it on their own. Hiking rates actually compounds the slowdown that was already underway due to higher fuel costs.<br /><br />It's not f*cking brain surgery, is it?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7626984968349023192011-08-09T16:48:19.381+01:002011-08-09T16:48:19.381+01:00ECB raised rates because they are idiots.
Not to ...ECB raised rates because they are idiots.<br /><br />Not to sound like the Swerve, but with the post Jackson Hole base effects dropping off in commodities (not to mention OECD austerity in full force), I don't think inflation is going to be that much of an issue in 2012.Dublin Dundee Humbersidenoreply@blogger.com