tag:blogger.com,1999:blog-34323687.post7943351622804848047..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Looking ForwardMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-20611359289830795282009-04-02T15:27:00.000+01:002009-04-02T15:27:00.000+01:00The real issue for markets is if (or is it when?) ...<I>The real issue for markets is if (or is it when?) the ECB introduces a more complete suite of nontraditional policy measures.</I><BR/><BR/>"Nontraditional" is an abbreviation for "stupid stunts that has never been tried and/or cannot work but at least we are seen to be doing something";Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-15544071227390574452009-04-02T07:41:00.000+01:002009-04-02T07:41:00.000+01:00Oh, yes, of course, I forgot. It's much, much mor...Oh, yes, of course, I forgot. It's much, much more important to screw speculators than it is to do the right thing.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48500860049291263642009-04-02T02:29:00.000+01:002009-04-02T02:29:00.000+01:00Hi MM, Singapore’s monetary policy by targeting th...Hi MM, Singapore’s monetary policy by targeting the TWI is essentially a trade-weighted basket of every other country’s monetary policy. Hence, if others are cutting rates and the SGD NEER band is kept stable, the MAS has in fact been loosening monetary policy. At any rate a re-centering of the band as some are expecting may not translate to immediate declines in SGD NEER. It is quite likely they could re-center the band and then drive the NEER to the top of the new band in order to prevent speculators (you) from making money. I just don’t think this is a very interesting trade with the NEER currently at the bottom of the present band. A.D.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45503938007843255362009-04-01T17:57:00.000+01:002009-04-01T17:57:00.000+01:00Re big banks in Q1: it's been discussed elsewhere ...Re big banks in Q1: it's been discussed elsewhere on the web that the Q1 numbers may be inflated by profits from AIG closing out large volumes of contracts in reckless way. Any views on this?Vasastannoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50585748145149147072009-04-01T17:24:00.000+01:002009-04-01T17:24:00.000+01:00All this chat about violence between crusties &...All this chat about violence between crusties & bankers seems to forget the folks with weapons: the police.<BR/>As usual they like to start it:<BR/><BR/>http://www.guardian.co.uk/news/blog/2009/mar/31/g20-summit-proteststnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12282756457842625392009-04-01T16:14:00.000+01:002009-04-01T16:14:00.000+01:00MM, if you think you will be getting back a "fully...MM, if you think you will be getting back a "fully functional" knee, you are in DreamlandAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-43252917286004994412009-04-01T14:59:00.000+01:002009-04-01T14:59:00.000+01:0050 bp <> smidgen50 bp <> smidgenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65296028451898655062009-04-01T14:51:00.000+01:002009-04-01T14:51:00.000+01:00Yes, the ECB rate cut doesn't matter much since th...Yes, the ECB rate cut doesn't matter much since the repo rate has been hovering a smidgen above the 0.5% deposit rate. ZIRP by stealth!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-9349277213829863762009-04-01T14:35:00.000+01:002009-04-01T14:35:00.000+01:00Hi MM..I am sure that you qont quite like this new...Hi MM..<BR/><BR/>I am sure that you qont quite like this news. I also dont like it. <BR/><BR/>http://www.reuters.com/article/ousiv/idUSTRE5302SN20090401?virtualBrandChannel=10504<BR/><BR/>From IndiaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6360963787466152442009-04-01T13:22:00.000+01:002009-04-01T13:22:00.000+01:00MM, your model did not quite forecast -50% on S&am...MM, your model did not quite forecast -50% on S&P at any time. Still a good companion?<BR/><BR/>JohanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2290407369011016122009-04-01T12:13:00.000+01:002009-04-01T12:13:00.000+01:00The above questions should, of course, be answered...The above questions should, of course, be answered in the context that all those that protest today are held accountable for all actions by all other protesters -- using the logic that you yourselves apply on people employed in the financial industries.Cortexnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6254738604842758302009-04-01T12:08:00.000+01:002009-04-01T12:08:00.000+01:00Come on MM: Have we left the politics allready? Th...Come on MM: Have we left the politics allready? There are still questions I would like to have answered by those advocating attacks on "bankers": Is anyone in the industry fair game, i e is it OK to physically attack any lady at any random teller? Do these targets also include people who are presently unemplyed but have earned "too much" money in the past? What is the number one has to have earned to deserve a rock in the head? Is there any limitation on the amount of violence you have the right to use on these people?Cortexnoreply@blogger.com