tag:blogger.com,1999:blog-34323687.post51939261509791685..comments2024-03-19T03:05:57.184+00:00Comments on Macro Man: EUR and CNHMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-34323687.post-68703487681347358402016-10-23T20:28:18.201+01:002016-10-23T20:28:18.201+01:00Checkmate, it's half term and shoppers are buy...Checkmate, it's half term and shoppers are buying goods at current prices before the next stock of imports are more expensive due to weaker £. <br />Mobile phones have increased in price in the last month, competitors prices usually fall a month after the latest iphone launch, not this time!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82937192666018795952016-10-23T11:14:40.483+01:002016-10-23T11:14:40.483+01:00Parochial I know, but I was dragged kicking to sho...Parochial I know, but I was dragged kicking to shop in our small UK city this Saturday. Surprised, the usual carp[ark was signed full and alternatives were virtually jammed full. Thought there must be some event in the centre ,but no it was just 'volume of traffic' (UK motorway speak for business as usual). In the 30 years that I have lived here I have observed this only in the close runup to xmas . So, wherefore art thou Brexit smackdown? Shopping appears to be the answer.checkmatehttps://www.blogger.com/profile/03688082792316894545noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21781851776941179802016-10-23T10:37:16.694+01:002016-10-23T10:37:16.694+01:00FED John Williams said he'd support one intere...FED John Williams said he'd support one interest rate increase in 2016 and a few more next year, though he added that he'd be unperturbed if inflation rose above the Fed's 2 per cent goal. Williams said that he will be "definitely not losing sleep" if the Fed overshoots its inflation target, and that it's "absolutely essential that we demonstrate that we can hit this 2% inflation goal."<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-55251329158642697692016-10-22T14:20:19.911+01:002016-10-22T14:20:19.911+01:00OK, I get it...
Companies are spending a record $...OK, I get it...<br /><br />Companies are spending a record $1 trillion on dividends & buybacks for 2016<br /><br />http://www.bloomberg.com/news/articles/2016-10-21/trillion-dollar-payout-may-mean-peak-largesse-for-u-s-investors<br /><br />and the year before that, & the year before that, and... Just pull Table F.223 of Fed Release Z.1 IT'S ALL RIGHT THEREAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-44947493430143230752016-10-21T23:05:06.927+01:002016-10-21T23:05:06.927+01:00Anybody keeping tabs on the libor/OIS and TED situ...Anybody keeping tabs on the libor/OIS and TED situation? Wasn't that spread supposed to come crashing back down after oct 15th post new regulation commencement? thx in advance!washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-108040736125646362016-10-21T21:48:17.758+01:002016-10-21T21:48:17.758+01:00Checkmate
BoC's next move is to cut, and almos...Checkmate<br />BoC's next move is to cut, and almost did on Wednesday. Domestic investor discussions with BoC officials signaled that they were much closer to cutting than could be gleaned by the statement. My view is Poloz got spooked when the loonie got up to 1.45 in such short order, but he is much more comfortable with USDCAD in the 1.35-1.40 range. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-620951316707866812016-10-21T19:25:26.545+01:002016-10-21T19:25:26.545+01:00T - while there is clearly a bit of a backlash bui...T - while there is clearly a bit of a backlash building towards monetary activism, I don;t think its of the scale that would give pause to these idiots - the stakes, in terms of personal reputations and careers, not to mention the future gigs at goldman and jp morgan, are quite simply too high.<br />So the next step seems to me to be (gulp) equity purchases, at which point there will be nothing risky left to buy, leading to zombification - honestly, I used to laugh at LBs theory that the entire developed world would eventually turn japanese, but I'm not quite so sure anymore if this trend continues - what I do feel strongly, is that the higher equity valuations in that world go hand in hand with much lowered earnings and sales growth prospects, equity 'investors' seem to act as if they can have it both ways - very odd. <br />Also, if ECB's portfolio does start to sour - at some point, does that impact the euro? There has to be someone who isn't happy with this state of affairs, although I am hard pressed to locate critics right now. washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25951381328504921752016-10-21T19:07:44.538+01:002016-10-21T19:07:44.538+01:00This story today about the K+S downgrade is pretty...This story today about the K+S downgrade is pretty interesting. DE000A1PGZ82 (held by the ECB) - junk ratings from all the agencies - 6 year debt yielding 1.9%. So a junk rated chemical company hemorrhaging cash is borrowing at a 40bp spread to the freaking US government? Policymakers - are you happy yet? It's certainly possible that a credit cycle peak is somewhere around here, and a good chunk of debt held by the ECB becomes junk rated. Where will the unwashed (non-central-bank) masses turn for yield? First they came for short end, and I did not speak out - because I was a risk taker. Then they came for the corporates and the junk, and I did not speak out - because they were pushing my stocks higher.<br /><br />I don't know how much more of this <i>stimulus</i> the world economy can handle.<br /><br /><br /><br />Mr. Tnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-57575341713908693662016-10-21T14:14:32.702+01:002016-10-21T14:14:32.702+01:00LB
Was that the breakout on US/Can$ ?LB<br />Was that the breakout on US/Can$ ?checkmatehttps://www.blogger.com/profile/03688082792316894545noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8992811264525289022016-10-21T12:49:13.412+01:002016-10-21T12:49:13.412+01:00Took a large chunk of DXY off the table at a very ...Took a large chunk of DXY off the table at a very tidy profit. Ready to start a short. Skrnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-74711266497506851982016-10-21T08:23:13.565+01:002016-10-21T08:23:13.565+01:00This comment has been removed by a blog administrator.online istikhara,free rohani ilaj,wazaif,taweez,https://www.blogger.com/profile/01856091490901132037noreply@blogger.com