tag:blogger.com,1999:blog-34323687.post5214859480632751705..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Obama-rama?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-34323687.post-17025016744919939412009-01-21T00:37:00.000+00:002009-01-21T00:37:00.000+00:00FTA had a good piece on GBP, agreed that move is/s...FTA had a good piece on GBP, agreed that move is/should be done by now, esp vs €. <BR/>Any remarks on skew & activity in USTs vs € FI options? Quite interesting positioning as protection for poss. reinflation, at least as far as I can see in exchange traded mkt. What's it look like in the OTC world?<BR/>Ta, JLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3327143749675315992009-01-20T23:15:00.000+00:002009-01-20T23:15:00.000+00:00Rogers sold his pounds long ago when it was north ...Rogers sold his pounds long ago when it was north of 2.<BR/>He mentioned it several times on Bloomberg.<BR/>So this is not a new view of his.Manc Traderhttps://www.blogger.com/profile/15419060899207287530noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-76409540368726574622009-01-20T20:39:00.000+00:002009-01-20T20:39:00.000+00:00Jim Rogers Says U.K. `Finished;' Recommends Sellin...Jim Rogers Says U.K. `Finished;' Recommends Selling Pound<BR/><BR/>http://tinyurl.com/6wbnks<BR/><BR/>Gotta hand it to Jim, nothing like being blunt and to the point.Brianhttps://www.blogger.com/profile/14027164932168556575noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88515125436023469432009-01-20T19:07:00.000+00:002009-01-20T19:07:00.000+00:00He mentioned the big challenges that are facing th...He mentioned the big challenges that are facing the economy in a way that may sound scary.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13665101597942324572009-01-20T15:50:00.000+00:002009-01-20T15:50:00.000+00:00MMa well diversfified bunch of punters is a much b...MM<BR/><BR/>a well diversfified bunch of punters is a much better business to have - with realtively lowcosts and not necessarily as capital intensive - as having 50 sales people and a 5billion dollar credit portfolio<BR/><BR/>i think prop desks went too much in the direction of managing a risky portfolio of somehow being short vol and clipping coupons<BR/><BR/>but this is just me, the evidence is not supporting my view. i can feel it on my skin too from 'above'spagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-81738217899133740602009-01-20T15:20:00.000+00:002009-01-20T15:20:00.000+00:00"it is in everyone's best interests that Mr. Obama..."it is in everyone's best interests that Mr. Obama can live up to the lofty expectations for him. In the near term, it appears unlikely."<BR/><BR/>What's he gonna do try and spend his way out of an insolvency problem?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83403173135977486112009-01-20T14:32:00.000+00:002009-01-20T14:32:00.000+00:00Re: prop trading...in the brave new world of natio...Re: prop trading...in the brave new world of nationalized banks (and/or a renewed emphasis on "core businesses"), it's hard to justify the risks of allocating capital (itself in extraordinarily short supply) to a bunch of punters. I can only think o one shop where it seems to be situation normal...then again, most franchise desks have generally included an element of prop...so perhaps we just move back in that direction.<BR/><BR/>Owe, there is a whole school of technical analysis based on prices moving in repeatable wave patterns, known as Elliot Wave Theory. Depending on your prespecitve, it's either a useful analytical framework or a bunch of hooey...Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6186795066013658522009-01-20T12:54:00.000+00:002009-01-20T12:54:00.000+00:00The first pic (GDP/USD) shows a regular wave - I'm...The first pic (GDP/USD) shows a regular wave - I'm not that technically minded (in fact i dont trade, but work as economist) - any ideas what would cause such a regular pattern?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29356188818773113422009-01-20T12:49:00.000+00:002009-01-20T12:49:00.000+00:00in fact, prop desks at banks with commercial lendi...in fact, prop desks at banks with commercial lending will be the first to go, because it will be perceived (rightly or wrongly) that it's too much risk for the capital that they need to support the assets on their balance sheet anyways. <BR/><BR/>Pure prop desks wont' survive at the commercial banks (not that they might not do a comeback 15 years later, but if we're talking next 5 years). It will be mixed commercial hedging/client transactions + some very small amount of prop trading.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91785002803059113342009-01-20T12:09:00.000+00:002009-01-20T12:09:00.000+00:00re prop tradingi always thought prop trading will ...re prop trading<BR/><BR/>i always thought prop trading will be the last man standing, because you dont rely on market fads..<BR/><BR/>i still dont see why you would close the prop desk, unless it was never really a prop desk but just a leveraged / long risk deskspagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84059514383773375992009-01-20T11:57:00.000+00:002009-01-20T11:57:00.000+00:00According to me today Obama is worthless, banks' d...According to me today Obama is worthless, banks' destiny is a little more important..<BR/>I need to admit that i've never been so worried today as never before, we're facing the worst case scenario, where seems that no bank can escape this collapse. <BR/>At this moment i see only two alternatives, a swedish style or a Japanese style. <BR/>Yesterday I read that DB is cutting 80% of prop trading.. a few time ago i thought that i'll have done prop trading as work for all rest of my life, now i'm not so convinced. What about you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-15273622602052485072009-01-20T11:40:00.000+00:002009-01-20T11:40:00.000+00:00barack-crackbarack-crackandriyhttps://www.blogger.com/profile/18318421694302298784noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69585695604353556132009-01-20T11:29:00.000+00:002009-01-20T11:29:00.000+00:00MM,Perhaps your next poll should be, what's the li...MM,<BR/><BR/>Perhaps your next poll should be, what's the likelihood of cable going to parity?<BR/><BR/>Thanks for the posts as always<BR/><BR/>ChrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88164938370325433302009-01-20T11:18:00.000+00:002009-01-20T11:18:00.000+00:00Walter Bagehot ..Lombard street 1873: "So long as ...Walter Bagehot ..Lombard street 1873: "So long as the security of the Money Market is not entirely to be relied on, the Government of a country had much better leave it to itself and keep its own money. If the banks are bad, they will certainly continue bad and will probably become worse if the Government sustains and encourages them. The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank"...Plus ca change, plus c'est le meme chose.Donlasthttps://www.blogger.com/profile/14400745649069349297noreply@blogger.com