tag:blogger.com,1999:blog-34323687.post3223459499661123077..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Hats OffMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-34323687.post-8269308259981077072008-11-10T06:50:00.000+00:002008-11-10T06:50:00.000+00:00Hi Macro-Man,I'm emailing you in regards to a ...Hi Macro-Man,<BR/><BR/>I'm emailing you in regards to a followup email I sent you a month ago in response to a partnership, have you had a chance to think about it?<BR/><BR/>If you have any questions or would more information, please advise me and we can go from there.<BR/><BR/>Kind Regards,<BR/>Andrew Knight<BR/>Website Manager<BR/>Banking & Finance Division<BR/><BR/>Online Marketing Group (OMG)<BR/>p: (07) 3368 2666<BR/>f: (07) 3368 2670<BR/>e: andrew.knight@omg.com.au <BR/>w: www.omg.com.auUnknownhttps://www.blogger.com/profile/02082156647006735807noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72641103484331970592008-11-09T11:03:00.000+00:002008-11-09T11:03:00.000+00:00You British gentlemen like to mock "PIGS"...You British gentlemen like to mock "PIGS" and ECB, but this time it is all coming back to haunt you, be careful who will laugh last.<BR/>Our business is in Italy, and from what we see and what our numbers tell, we are in much better shape than UK. Our business is correlated with constructions and real estate, and we keep on working, our turnover didn't decrease much, customers keep coming, October was a good month and November begins well.<BR/>I'm sorry gentlemen, but, AFAIK, ECB policy is right even for Italy.<BR/><BR/>Oh, BTW, UK banks are too big to be saved, they are too leveraged and too big with respect to UK GDP, just like Iceland (sounds familiar?). <BR/>http://www.nytimes.com/2008/10/11/business/worldbusiness/11charts.html<BR/>You have a Ponzi-scheme mortgage&remortgage real-estate that is crashing, like in no other european country. Did you know that e.g. in Italy we can't remortgage, or you believe that all countries are like UK/USA ?<BR/>You know how ponzi-schemes end up, UK will need an hyperinflation in next years to make it through.<BR/>We don't, and I thank every day the Deutsche Bundesbank and Germany.<BR/>Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-42133393332437389862008-11-09T09:34:00.000+00:002008-11-09T09:34:00.000+00:00Detlef- if that's the case, why was German growth ...Detlef- if that's the case, why was German growth so much stronger in 1994-98 than in 91-2?<BR/><BR/>Spitz, I am looking out my window now and see beautiful countryside. You're right....the German economy has been a dullard for most of the deacde, which is why ECB rates were kept low for a lengthy period (sound familiar?), spurring property bubbles (sound familiar?)in the PIGS. Now that the bubble is burst, Trichet is still making policy for Germany.<BR/><BR/>Perhaps the ECB should just change its name to the Bundesbank, and the Eurozone to the Weimar Republic, since the Bundesbank mentality is still informed by Germany's experiences of 80 years ago.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20388831278163192422008-11-09T00:26:00.000+00:002008-11-09T00:26:00.000+00:00It's ludicrous comparing the ponzi-scheme UK econo...It's ludicrous comparing the ponzi-scheme UK economy built on real estate, and the sound German economy.<BR/>b @3:26 PM, I totally agree, UK is having bigger and bigger problems, not even comparable to those of the eurozone.<BR/>Macroman who likes to mock Trichet, should turn off the Bloomberg terminal and look out of his window.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25469057473119763032008-11-08T18:46:00.000+00:002008-11-08T18:46:00.000+00:00Guilhermo- UK and German growth were identical in ...<I>Guilhermo- UK and German growth were identical in 91-92. So unification matters more in, say, 97-98 than it does immediately after?</I><BR/><BR/>Macro Man, I´d say yes.<BR/>Because you shouldn´t forget the pent-up consumer demand in former East Germany back then. Nicely helped by the generous (political) exchange rate transforming worthless East German marks into Deutschmarks. A lot of savings went into new cars, consumer electronics etc.<BR/>This domestic boom for a time hid the true costs of reunification.<BR/><BR/>DetlefAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72828420357524538892008-11-08T14:51:00.000+00:002008-11-08T14:51:00.000+00:00what do you mean by jobs hard to get?what do you mean by jobs hard to get?Anonymoushttps://www.blogger.com/profile/11156946595717170874noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83197822447135942952008-11-07T21:43:00.000+00:002008-11-07T21:43:00.000+00:00As for the growth differential between GB and Deut...As for the growth differential between GB and Deutschland the currency devaluation of 1992 "Black Wednesday" may have played a role in stimulating growth in the mid-to late 1990's when the UK was knocked out of the ERM. The pound dropped from 2.95 to 2.25 to the Deutschmark. This helped stimulate exports, tourism, competitiveness and ultimately the asset market. Its EURO adjusted DM rate from 2005 is about 2.85 DM to GBP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-75155489357238735732008-11-07T19:35:00.000+00:002008-11-07T19:35:00.000+00:00Keynes 1 (King 3')Schumpeter 0Keynes 1 (King 3')<BR/>Schumpeter 0Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-43348286633957902522008-11-07T18:00:00.000+00:002008-11-07T18:00:00.000+00:00Nov 7 (Reuters) - Ken Griffin's Citadel Invest...Nov 7 (Reuters) - Ken Griffin's Citadel Investment Group is being asked by several major banks to post additional collateral to cover big losses on its investments, the Wall Street Journal said, citing people familiar with the situation.<BR/>Citadel has fallen nearly 40 percent this year, prompting the firm to hold conversations with lenders including Goldman Sachs Group Inc Deutsche Bank AG and Merrill Lynch & Co that finance its trades, the paper said.<BR/>Citadel executives said the calls for more cash are a normal part of business when securities they hold fall in value and emphasized that they have significant amounts of cash to satisfy their lenders, according to the paper.<BR/>The executives said they have met all the demands for collateral, according to the paper.<BR/><BR/>-deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61530805599140647802008-11-07T15:26:00.000+00:002008-11-07T15:26:00.000+00:00Re: GDP growth Germany - UKUK: Housing bubble, bui...Re: GDP growth Germany - UK<BR/><BR/>UK: Housing bubble, building boom, hi growth.<BR/><BR/>GE: No Housing bubble, no building bomb, lower growth.<BR/><BR/>UK: Big housing bust, big GDP fall<BR/><BR/>GE: No housing bust, some GDP fallAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32740620544694047032008-11-07T13:36:00.000+00:002008-11-07T13:36:00.000+00:00Hey Macro Man you mean that geezer that lent lend ...Hey Macro Man you mean that geezer that lent lend billions of cripy Euros gainst your banks mortgage craplateral?<BR/><BR/>You are welcome to give it back early....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25005265089017362762008-11-07T12:44:00.000+00:002008-11-07T12:44:00.000+00:00Guilhermo- UK and German growth were identical in ...Guilhermo- UK and German growth were identical in 91-92. So unification matters more in, say, 97-98 than it does immediately after?<BR/><BR/>The main difference is that in 1991-92, the Bundesbank made monetary policy for the UK- from 93 onwards, they didn't.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80795445036787716132008-11-07T12:24:00.000+00:002008-11-07T12:24:00.000+00:00I can't see how forcing credit to people drowning ...I can't see how forcing credit to people drowning in debt and also destroying a currency can be the right thing... <BR/><BR/>Oh, and you might want to read this:<BR/><A HREF="http://realitylenses.blogspot.com/2008/11/two-next-bubbles-to-pop.html" REL="nofollow">Next two bubbles to crash - (hyperinflation?)</A>pejhttps://www.blogger.com/profile/10958133367017526690noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19973094545997679292008-11-07T11:24:00.000+00:002008-11-07T11:24:00.000+00:00In any event, UK base rates are now below Bundesba...<I>In any event, UK base rates are now below Bundesbank rates for the first time since 1993- your author's first year in financial markets. Perhaps it's a coincidence that UK growth was double that of Germany over the ensuing five years....then again, perhaps it isn't.</I><BR/><BR/>Just one small issue MacroMan, with the comparation between the UK growth and German growth in the early 90s: East Germany Reunification (1990) costs...<BR/><BR/>The UK didn't have to absorb a former communist country, who was, in pratical terms, bankrupt. <BR/><BR/>So, of course the UK grew more in the early 90s, then Germany!Guilherme Diaz-Bérriohttps://www.blogger.com/profile/08715828301484177416noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46696573875642119722008-11-07T10:55:00.000+00:002008-11-07T10:55:00.000+00:00Oh yes, I know! As I said to our resident Arsenal...Oh yes, I know! As I said to our resident Arsenal supporter: "We've got Obama and you've got Osama!"Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54249800204757275362008-11-07T10:40:00.000+00:002008-11-07T10:40:00.000+00:00Blog question:-What do MM and Mr Obama have in com...Blog question:-<BR/><BR/>What do MM and Mr Obama have in common ?<BR/><BR/>They are both West Ham fans .....<BR/><BR/>---------------------------------<BR/><BR/>West Ham are to invite US President-elect Barack Obama to watch a game at Upton Park when he next visits the UK.<BR/><BR/>Obama saw West Ham play during a visit to see his half-sister Auma in 2003. <BR/><BR/>--------------------------------<BR/><BR/>MM, you could end up sitting next to him and chat economics during half-time :-)Unknownhttps://www.blogger.com/profile/01187416648160477630noreply@blogger.com