tag:blogger.com,1999:blog-34323687.post7599479339710029530..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Four Events and No FuneralMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-34323687.post-18141718874296560072012-06-21T18:07:11.700+01:002012-06-21T18:07:11.700+01:00C says'
personally I am trying to tune out a l...C says'<br />personally I am trying to tune out a lot of this political crap. My focus is energy/comms being depressed by whatever means takes your fancy. This should if it goes far enough give us the reset button to optimise the combination of central bank policy with consumer disposable income and broad sector input cost levels.<br />Put those 3 together and we might actually have something that doesn't need to turnaround based upon "prattle".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61373504010957777852012-06-21T17:26:50.367+01:002012-06-21T17:26:50.367+01:00More details on China PMIs from the Pink Blog:
C...More details on China PMIs from the Pink Blog:<br /><br /><a href="http://ftalphaville.ft.com/blog/2012/06/21/1053981/china-manufacturing-pmis/" rel="nofollow"> China PMIs </a>Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38862735786466642312012-06-21T17:24:10.683+01:002012-06-21T17:24:10.683+01:00Spoos were overdue for a sell-off. Happy to not be...Spoos were overdue for a sell-off. Happy to not be involved at all in the US equity market, other than a painful setback in energy and gold miners. But there's the rub, because even after the June FOMC, the "QE3/reflation trade" is always out there, just one more Fed meeting away.<br /><br />It will be especially interesting to see the European markets tomorrow, especially Spain and Italy, where bond yields seem to be the most important indicator, and they seem to have moderated after yet another successfully non-apocalyptic auction.<br /><br />Commodities are still the tail on the Chinese dog. Once that Chinese PMI printed, we were always going to see lower oil and copper prices. We will continue to watch Shanghai and Hang Seng price action, as an upturn off the bottom in those indices always seems to precede more positive action elsewhere. <br /><br />Chinese inflation is falling fast now, and there is a real prospect of a relay race in aggressive monetary easing, beginning in Beijing and Tokyo, then passing the baton to Frankfurt before Bernanke runs the anchor leg in Washington.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6973662723649964922012-06-21T16:57:10.188+01:002012-06-21T16:57:10.188+01:00Agreed C,
With no stimulus forthcoming we are ab...Agreed C, <br /><br />With no stimulus forthcoming we are about to see how much momentum the market has going into a slowing economy. My guess is, not much! <br /><br />Commodities are getting the cold steel treatment today with Gold and Oil particularly painful to watch. <br /><br />1350 on Spoos was always way too high for a Fed merely engaged in some yield curve wonkery with no real effect on the money supply. <br /><br />The bunker looks nice and warm at this point as european policy makers can only disappoint and apart from them, well ... there is a long time to the next FOMC. <br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1609964808917758902012-06-21T15:54:19.935+01:002012-06-21T15:54:19.935+01:00C says'
At childbirth it is a little known fac...C says'<br />At childbirth it is a little known fact,but each child is given an invisible stamp on its' buttcheek. Those belonging to the worlds' optimists (godbless their little cotton socks) get a bright orange stamp bearing the thumbs up logo. I know this because I possess the necessary scanning equipment for recognising this invisible godprint.<br />Which is a longwinded way of saying only such a trait could lead to interpreting the latest Euro waffle and equate same to be anything other than what it is. Namely, prattle masquerading has communication with yet again, highly questionable attribution.<br /><br />With BB gone for a month I'd rather be a bit short equity for the next couple of weeks Eurocrats ,or not.Anonymousnoreply@blogger.com