tag:blogger.com,1999:blog-34323687.post5249587607081523404..comments2024-03-19T03:05:57.184+00:00Comments on Macro Man: Has the Euro Become An Instrument Of Chinese Policy?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-34323687.post-85534220527681275632009-03-11T00:09:00.000+00:002009-03-11T00:09:00.000+00:00Closed most of my risk shorts on friday (cept € an...Closed most of my risk shorts on friday (cept € and crude) and reversed a couple too, fwiw. Think we bear rally here as S&P too sluggish on the down move.<BR/>Swings on €$ a little dangerous as you mentioned so keeping it light, 1.25 break continues to frustratingly elude us.<BR/>I too am an RSS man, but had to check the site as the ever reliable MM missed a day unannounced!<BR/>Hope all well, and best of luck to all. JLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-4749540156520865512009-03-10T15:22:00.000+00:002009-03-10T15:22:00.000+00:00ben is up!!Chinese consumer prices in February fel...ben is up!!<BR/><BR/>Chinese consumer prices in February fell for the first time in more than six years with the benchmark consumer price index falling 1.6 per cent from a year earlier, down from a 1 per cent rise in January.<BR/><BR/>The drop marked the tenth consecutive month of moderating price rises and compares with an 11-year record rise in the CPI of 8.7 per cent last February, when food and energy prices were soaring.<BR/> <BR/>Beijing has targeted headline inflation of 4 per cent this year but many analysts say the government will struggle to meet that target and will have to act quickly if it is to avoid a period of prolonged deflation.<BR/> <BR/>“The government must find new growth drivers to replace exports and housing or face the risk of a ‘W-shaped’ recovery and a more durable deflation problem,” said Ben Simpfendorfer, an economist with RBS in Hong Kong.<BR/><BR/>-dAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65574315061444631992009-03-10T15:11:00.000+00:002009-03-10T15:11:00.000+00:00haha, thanks for a nice laugh when i read about th...haha, thanks for a nice laugh when i read about the site hits!<BR/><BR/>i did check back as well, thinking wow something big is happening that prevented the post adn m-m will finally let us know...i don't like rss feeds<BR/><BR/>we're had some MAJOR stock market turns in march, such as the march 2000 high and we're on the anniversary of 2003 low now, and we're a gann 90 months from 9/11/01 and we're in a full moon to spring equinox window<BR/><BR/>bulls are trying, reason for squeeze the citigroup ceo memo that 'jan/feb both months profitable'<BR/><BR/>-cheers, left coast(or left out) deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1278799395644053722009-03-10T15:05:00.000+00:002009-03-10T15:05:00.000+00:00Not really, same sort of profile as KRW, I think.....Not really, same sort of profile as KRW, I think...may correct a bit more, but suspect we see USD/INR higher on aggregate over the next 3 monthsMacro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-14876612242508266422009-03-10T14:37:00.000+00:002009-03-10T14:37:00.000+00:00MM..Any thoughts on the INR against USD? From Indi...MM..<BR/><BR/>Any thoughts on the INR against USD? <BR/><BR/>From India.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78572117347913467422009-03-10T14:27:00.000+00:002009-03-10T14:27:00.000+00:00I use RSS for following new posts. That way, I don...I use RSS for following new posts. That way, I don't need to refresh...<BR/>The Euro is getting stronger also against the falling Pound. EUR/GBP parity can be seen again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13184230088791600832009-03-10T13:15:00.000+00:002009-03-10T13:15:00.000+00:00"He's not really sure what to make of the fact tha..."He's not really sure what to make of the fact that he had the most site hits in more than a month on a day on which he wrote nothing"<BR/><BR/>You're always punctual with your daily entries and many read your day-to-day report as part of their morning routine. <BR/><BR/>No doubt a lot of people rechecked the site throughout the morning to see if you posted...my best guess.<BR/><BR/>Anyways, glad to see you back in the saddle and I wish you a speedy recovery from the flu.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66524175876071608582009-03-10T12:42:00.000+00:002009-03-10T12:42:00.000+00:00FX, are you based in North America by any chance?A...FX, are you based in North America by any chance?<BR/><BR/>Anon, re KRW: not really. The bull trend in USDKRW has run out of steam for the time being, and today's correction could extend a bit further. But to my mind it is still a correction, and we are likely to see higher levels before too long. Then again, from a longer term perspective, it is looking pretty cheap against the yen, its major competitor currency.<BR/><BR/>SO...I am flat, think USD/KRW is higher in 3 months, but could see JPY/KRW quite a bit lower in the medium term.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8348947358028640002009-03-10T12:34:00.000+00:002009-03-10T12:34:00.000+00:00any thoughts on KRWany thoughts on KRWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-577755190360183302009-03-10T11:42:00.000+00:002009-03-10T11:42:00.000+00:00I think it's cute how you give China and Co. such ...I think it's cute how you give China and Co. such props as FX vigilantes. My experience is that FX in the short term is very irrational, and attempts in hindsight, to lay blame are normally very entertaining, but rarely fully accurate or provable. <BR/><BR/>Sure, china wields a big stick, and the sales people who cover them love to run at the mouth, but its hedge funds, retail( surprisingly big), and prop desks that drive FX day to day. <BR/><BR/>Also isn't China saving its pennies right now for internal spending and stimulus packages? (just guessing)FXhttps://www.blogger.com/profile/16574909590225856737noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-43632695262619023722009-03-10T11:36:00.000+00:002009-03-10T11:36:00.000+00:00Anon 9:41 and MM..Dont know. IYesterday was the fi...Anon 9:41 and MM..<BR/><BR/>Dont know. IYesterday was the first day in over an year when I did not came here after being caught in another work. Bang..there was no comments! Whew..That was a good recovery from flu and here's wishing continued good health! I love your perspective MM on Global macro! <BR/><BR/>From India.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89819354194164561192009-03-10T11:29:00.000+00:002009-03-10T11:29:00.000+00:00personally, i came here 5 times looking for your d...personally, i came here 5 times looking for your daily dose of wisdom -- i guess everybody did and that might explain the traffic.<BR/><BR/>get well!<BR/><BR/>adbAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61444445702756126062009-03-10T10:51:00.000+00:002009-03-10T10:51:00.000+00:00@ anon 9:41 (and MM)You are bang on ... I came her...@ anon 9:41 (and MM)<BR/><BR/>You are bang on ... I came here 20 times yesterday :). Usually, MM's daily is up at about 10-12 (GMT+1, Copenhagen) and imgaine my surprise when that was not the case yesterday. <BR/><BR/>In any case, good to have you back. That was a speedy recovery from the flu too. <BR/><BR/>ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41598071261351278302009-03-10T10:32:00.000+00:002009-03-10T10:32:00.000+00:00MM, what chance would you put on a further rout on...MM, what chance would you put on a further rout on GBP (I guess triggered by the need for additional QE)?<BR/><BR/>- CSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11698120700911901972009-03-10T09:51:00.000+00:002009-03-10T09:51:00.000+00:00Yes, I suspect (or at lest hope) that that's the a...Yes, I suspect (or at lest hope) that that's the answer...still, I thought it was funny.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38574354767922277752009-03-10T09:41:00.000+00:002009-03-10T09:41:00.000+00:00about macro site high traffic: perhaps it was beca...about macro site high traffic: perhaps it was because people awaited for your daily post and kept refreshing once in a while.Anonymousnoreply@blogger.com