tag:blogger.com,1999:blog-34323687.post7758482583835267255..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Off To The RacesMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-34323687.post-48362000452261249812009-11-10T03:06:28.331+00:002009-11-10T03:06:28.331+00:00Anon.@6:02,
Agreed the Fed has its head buried......Anon.@6:02,<br /><br />Agreed the Fed has its head buried...but think somewhere other than "in the sand".<br /><br />Old TraderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71801586993545892322009-11-09T19:10:19.324+00:002009-11-09T19:10:19.324+00:00Off to the races anecdote of the day: I closed my ...Off to the races anecdote of the day: I closed my gold short down fifty or sixty bps. I kept my Canuck junior, which is up over 25% on the day. My dollar-neutral portfolio, alas, is not.wcwhttps://www.blogger.com/profile/16307608293310560164noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34881286730148537152009-11-09T18:39:43.194+00:002009-11-09T18:39:43.194+00:00Nobody ever sees anything coming because the wolve...Nobody ever sees anything coming because the wolves are guarding the hen house. This can't end well....DGDF yadda yadda yadda.Professional Gringonoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22130151576866814352009-11-09T18:02:35.326+00:002009-11-09T18:02:35.326+00:00what this market needs is a serious long end butch...what this market needs is a serious long end butchering. 10Y BEI marchimg higher. fair enough core inflation will be 0 or negative but headline surely must march upwards with oil back over 80$ and DXY commensurately below 75 <br /><br />fed has its head buried in the sand. sure, lets get nominal GDP going but watch the savings rate reverse pronto as folks disposable income is erased. bring on the consumer bust and the squeezed middle classes. i wonder if obama will even make it through his first term at this rate thanks to all the great help.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10314271073831395582009-11-09T16:51:40.632+00:002009-11-09T16:51:40.632+00:00Far be it from LB to point out the obvious, but th...Far be it from LB to point out the obvious, but this DXY level of 75 is technically rather important, and a break below this might cause some phone lines to get a little overheated between Beijing and Washington. Wednesday's upcoming auction of 10s and 30s comes after the end of the Fed's buying of Ts. If it doesn't go very well because of DGDF, there may be problems. When does Voldy become Foldy?leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23762219104979681782009-11-09T16:39:59.058+00:002009-11-09T16:39:59.058+00:00Big weekend for Goldman Sachs...
First, Blankfeld...Big weekend for Goldman Sachs...<br /><br />First, Blankfeld claims Goldman is actually doing God's work. Sorry Osama Bin Laden, you have been replaced<br /><br />Then the political satirists on Saturday Night Live ask the very inconvenient question of how come Goldman employees got H1N1 swine flu vaccination before schools and hospital workers<br /><br />To hell with women and children - save Goldman Sachs!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65266650243249497672009-11-09T16:37:39.437+00:002009-11-09T16:37:39.437+00:00Gary and his investment committee can breathe easi...Gary and his investment committee can breathe easily today and enjoy one more day of shared responsibility. Meanwhile, LB endures another day of self-loathing and second guessing - like The Silent Scream.leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54779807524600687652009-11-09T15:52:31.475+00:002009-11-09T15:52:31.475+00:00PJ, I am afraid you do. But weirder things have ha...PJ, I am afraid you do. But weirder things have happened in the last 24 months so don't let me stop you.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-76482227590363117222009-11-09T15:26:00.528+00:002009-11-09T15:26:00.528+00:00No doubt I'll sound like a conspiracy theorist...No doubt I'll sound like a conspiracy theorist, but I think it's curious that we had a 2+ month spell with apparent market goosing by the Treasury/NYFed in the late summer as the Democrats hoped to push a health care bill through, with especially egregious intervention on days when bad data came out, and now we've had two days of similar activity with the health care bill making a final push and bad employment data on Friday.<br /><br />I have to disagree with you, MacroMan, I think this run-up in risk assets lasts only until the health care bill's fate is decided this session.<br /><br />Senate meets Mon-Tues this week and next week.<br /><br />With the Fed buying $1.5 trn of risk assets and the Treasury holding a $150 bn slush fund of leftover TARP money, you can't discount the possibility of big market moves from manipulation timed to political needs.PJnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61740356341952512072009-11-09T15:04:35.395+00:002009-11-09T15:04:35.395+00:00The bond markets are extremely quiet... it's e...The bond markets are extremely quiet... it's eerie.leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32285300874730558712009-11-09T14:10:47.412+00:002009-11-09T14:10:47.412+00:00And can be found at
nemo.incognito@hushmail.comAnd can be found at <br />nemo.incognito@hushmail.comNemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77301017748013328822009-11-09T14:04:37.212+00:002009-11-09T14:04:37.212+00:00I'm back......I'm back......Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45839363073504175102009-11-09T13:42:22.130+00:002009-11-09T13:42:22.130+00:00Nemo - sidebar when you get the chance. Had some r...Nemo - sidebar when you get the chance. Had some responses to our socio-political exchange in the last post.<br />Think your right about the tears and of course everybody will be able to bail before then, right?<br />The classic definition of a market collapse ala Krugman, et.al. assessment of the 97/98 Asian crisis.<br />There's a lot of $carry trade floating on a see of CB money plus chewing gum and baling wire holding this up IMHO. Trying to trace it back has made me more brain-damaged than usual but FWIW:<br />http://llinlithgow.com/bizzX/2009/11/turbulence_isnt_chaos_dollar_r.html <br />You might disagree entirely but the shopping list of screwy and fragile linkages is worth considering.dblwyohttp://llinlithgow.com/bizzX/noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91746412440805758282009-11-09T10:51:38.483+00:002009-11-09T10:51:38.483+00:00The ursine towels have been chucked. Unfortunately...The ursine towels have been chucked. Unfortunately I think that just leads to a collapse in gamma now as burnt fingers mean that everyone stops trading for the rest of the year. Certainly feels like Xmas markets in FX today.Richy Richnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-42888041449060991092009-11-09T10:15:23.166+00:002009-11-09T10:15:23.166+00:00Anon 9.55
the word is ingredients not ingridents....Anon 9.55<br /><br />the word is ingredients not ingridents.<br /><br />Lovingly,<br />Grammar NaziAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41441126629686006972009-11-09T09:55:06.473+00:002009-11-09T09:55:06.473+00:00after huge short covering in asia fx, we do have t...after huge short covering in asia fx, we do have the ingridents for a new high in asia fxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-79285760696780076932009-11-09T09:19:46.164+00:002009-11-09T09:19:46.164+00:00Nemo is long "moderation going out the window...Nemo is long "moderation going out the window". A Shares are looking to retest the insanity of early August it would appear, and we are getting very close to new highs in a lot of Chinese property names which are the ultimate bubble trade. <br /><br />In stark contrast, no one seems to be that punchy on the bid for credit. <br /><br />Its all going to end in tears, just not quite yet.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.com