tag:blogger.com,1999:blog-34323687.post4809166185855806072..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: The Good, the Bad, and the UglyMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-34323687.post-91950297410809928652008-10-17T14:16:00.000+01:002008-10-17T14:16:00.000+01:00macro man wrote:"to buy bank shares, rather than t...macro man wrote:<BR/>"to buy bank shares, rather than turds, with the TARP money should deliver the taxpayer and the authorities much more bang for the buck."<BR/><BR/>Everyone says that (well, not word by word) but I don't quite get the logic. I know that high-powered money allows banks to create ~10 times as many loans, but how do we know that the bank can attract that amount of savings from the public? For every dollar of credit the bank gives, someone has to give the bank a dollar of credit. How does that happen automatically?<BR/><BR/>JohanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3145166684832631662008-10-17T04:39:00.000+01:002008-10-17T04:39:00.000+01:00With VIX at these levels, there is only one direct...With VIX at these levels, there is only one direction available to the market. The markets can't handle the downward overshoots for much longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37237922946595844772008-10-16T20:28:00.000+01:002008-10-16T20:28:00.000+01:00they're shutting down some more hedge funds......they're shutting down some more hedge funds...<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=a80siG5YLU8g&refer=homeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3710031873406982342008-10-16T18:53:00.000+01:002008-10-16T18:53:00.000+01:00vix stands @ 77.5, having reached > 80 few hour...vix stands @ 77.5, having reached > 80 few hours ago. how should i take this? mega rebound coming, this time to last for weeks instead of hours, or armagheddon? Temptation to play another steep rally is big, but levels are so high compared with the past that make me really suspicious... 4 times the average... whY not 8 times? <BR/><BR/>sick traderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82100169526633569962008-10-16T18:52:00.000+01:002008-10-16T18:52:00.000+01:00[quote]Damancu, funnily enough I have a mate in FX...[quote]Damancu, funnily enough I have a mate in FX sales who is the absolute spitting image of Neel Kashkari [/quote]<BR/><BR/>We've all heard about them algorithmic bots. <BR/><BR/>And how exactly do we know Dr Evil doesn't clone them in some dingy part of in Shenzen---Goldman backoffice East. <BR/><BR/>Who knew they were so, almost, life-like?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-73088715695947585792008-10-16T18:51:00.000+01:002008-10-16T18:51:00.000+01:00the mini me crack is priceless.made my day :)the mini me crack is priceless.<BR/>made my day :)Manc Traderhttps://www.blogger.com/profile/15419060899207287530noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69779711449884018672008-10-16T18:45:00.000+01:002008-10-16T18:45:00.000+01:00"Meanwhile, the decision of Dr. Evil and Mini-me (..."Meanwhile, the decision of Dr. Evil and Mini-me (pictured, left) to buy bank shares, rather than turds, with the TARP money should deliver the taxpayer and the authorities much more bang for the buck."<BR/><BR/>-I almost fell out of my chair laughing at this!!!Anonymoushttps://www.blogger.com/profile/14990923521211005756noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19459466916341764022008-10-16T16:22:00.000+01:002008-10-16T16:22:00.000+01:00Things are looking a little ropey in Korea at the ...Things are looking a little ropey in Korea at the moment. Perhaps its time to do a relative value trade amongst various Asian sovereigns.Ianhttps://www.blogger.com/profile/12325797293534490304noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69308697157842327182008-10-16T15:48:00.000+01:002008-10-16T15:48:00.000+01:00MM: Maybe you should get an Osama disguise for pro...MM: Maybe you should get an Osama disguise for protection from the lynch mobs ;-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-44734237023586804102008-10-16T15:40:00.000+01:002008-10-16T15:40:00.000+01:00"The[y] appear to have completed the transformatio..."The[y] appear to have completed the transformation last month and generated bank-like returns." Brill.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51266460478393914042008-10-16T15:39:00.000+01:002008-10-16T15:39:00.000+01:00I like yr sarcasm MM. Dr Evil and mini-me: very we...I like yr sarcasm MM. Dr Evil and mini-me: very well put indeed. And what a facial similarity, I say!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11347086030283736712008-10-16T13:52:00.000+01:002008-10-16T13:52:00.000+01:00MM, did you have to go and put Daddy Warbucks on t...MM, did you have to go and put Daddy Warbucks on the cover. Everytime I see his sorry ass I get sick.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47232886693544412082008-10-16T13:18:00.000+01:002008-10-16T13:18:00.000+01:00Oops .... sorry MM for thinking that you were Neel...Oops .... sorry MM for thinking that you were Neel Kashkari, the man with the mighty fine job title of US Treasury's interim assistant secretary for financial stability.<BR/><BR/>Maybe once Mr Kashkari has finished cleaning up all the world's toxic mess, he could double up for Hank P. and open a new Civic center or something on weekends.<BR/><BR/>There's no way I'll ever get a job at GS, I don't look anything like these two :-)Unknownhttps://www.blogger.com/profile/01187416648160477630noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87739393289485460842008-10-16T13:16:00.000+01:002008-10-16T13:16:00.000+01:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/01187416648160477630noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45305654220785540722008-10-16T12:46:00.001+01:002008-10-16T12:46:00.001+01:00The day before option expiration means that the au...The day before option expiration means that the authories will do something- rate cut seems a likely move.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-15037482017556711672008-10-16T12:46:00.000+01:002008-10-16T12:46:00.000+01:00Damancu, funnily enough I have a mate in FX sales ...Damancu, funnily enough I have a mate in FX sales who is the absolute spitting image of Neel Kashkari (aka the geezer who's running the TARP, aka Mini-me.)Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86770636924286479342008-10-16T11:38:00.000+01:002008-10-16T11:38:00.000+01:00Flippin' heck MM, if you are ever strapped for cas...Flippin' heck MM, if you are ever strapped for cash, maybe you could sign up with one of those look-e-like agencies. With a bit of aging make-up, you would be in demand to open supermarkets etc as a Hank P. stand-in :-)Unknownhttps://www.blogger.com/profile/01187416648160477630noreply@blogger.com