tag:blogger.com,1999:blog-34323687.post8554606630557071736..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: A snoozerMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-34323687.post-36322749346001292202007-08-04T14:16:00.000+01:002007-08-04T14:16:00.000+01:00This is not a system liquidity crisis like LTCM, s...This is not a system liquidity crisis like LTCM, so the Fed should be circumspect in its statement ... allowing Cramer's brain to explode on air next time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-67168139851445756832007-08-04T11:43:00.000+01:002007-08-04T11:43:00.000+01:00Cramer just needs a red nose in that video to comp...Cramer just needs a red nose in that video to complete the consummate clown routine. <BR/><BR/>Is there some distress amongst certain mortgage borrowers? Yes.<BR/><BR/>Is there distress amongst people who thought that buying high-yielding "AAA" paper was free money, and so stuffed their portfolios with turds? Yes.<BR/><BR/>Is there distress amongst people like Cramer who evidently think that the Fed should target positive equity returns instead of inflation and employment? Yes.<BR/><BR/>Will there be more losses? Yes.<BR/><BR/>Will there be more hedge funds closing? Yes.<BR/><BR/>Will the market go down more? Almost certainly yes.<BR/><BR/>Is this the end of the world? No.<BR/><BR/>This is a painful repricing of credit risk, and a timely reminder to people that if anything seems too good to be true, then it probably is.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19123175350683727622007-08-04T04:51:00.000+01:002007-08-04T04:51:00.000+01:00MM,I just watched Jim Cramers video and I am very ...MM,<BR/><BR/>I just watched Jim Cramers video and I am very scared now. He says we have ARMEGEDDON. I am going underground for the time being. <BR/><BR/>http://www.cnbc.com/id/15840232?video=452808336<BR/><BR/>Can you let us know what is going on exactly ?<BR/><BR/>PS : If you watch the video more than once, you might get very scared too. ONLY ONCE PLS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63263692193519279902007-08-03T15:59:00.000+01:002007-08-03T15:59:00.000+01:00T, to a degree, that's what we've already seen. E...T, to a degree, that's what we've already seen. Economic output over the last year has been decidedly below trend, and yet core PCE has only now crept under the top end of the Fed target range. And lest we forget, the non-cloud cuckoo measures of inflation suggest that price rises this year have been very robust indeed.<BR/><BR/>The tone of recent Fed comments and studies suggests that continued sub-trend growth is preferable to a loosening of inflation expectations, so I reckon you need to see the U-rate at or through 5 to bring an easing onto the agenda. <BR/><BR/>Certainly the last consumer confiednce data don't suggest that will happen soon....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-74417892737340438132007-08-03T15:52:00.000+01:002007-08-03T15:52:00.000+01:00Great blog by the way. First on my list to read (a...Great blog by the way. First on my list to read (along with bsetser).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17970219377022133212007-08-03T15:37:00.000+01:002007-08-03T15:37:00.000+01:00Unemployment up, labour costs up, are you suggesti...Unemployment up, labour costs up, are you suggesting stagflation is showing up in the numbers?<BR/>Whither fed policy then?Anonymousnoreply@blogger.com