tag:blogger.com,1999:blog-34323687.post8906163795675689282..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Just When You Thought It Was Safe To Get Back In The WaterMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-34323687.post-15169538943515121782009-03-31T12:42:00.000+01:002009-03-31T12:42:00.000+01:00Add to Corey's second comment the possibility that...Add to Corey's second comment the possibility that AIG's counterparties were short their stock as they continued to do business with them.Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23277556528791851712009-03-30T21:46:00.000+01:002009-03-30T21:46:00.000+01:00MM, your confident assertion is backed by statisti...MM, <BR/><BR/>your confident assertion is backed by statistics. There are very few shark attacks on humans each year. Considering how common sharks and humans are this is a telling indicator of how little they like long pig meat. Their reputation is worse than their bite.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65947602583271266572009-03-30T18:04:00.000+01:002009-03-30T18:04:00.000+01:00One of my favourite "take on the City" stories was...One of my favourite "take on the City" stories was Greenpeace getting more than they bargained for when invading the IPE:<BR/>http://www.eskimo.com/~rarnold/greenpeace_takes_a_hit.htmMWnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-9715549836204229612009-03-30T17:08:00.000+01:002009-03-30T17:08:00.000+01:00It really is a crappy day... S&P downgrades Ir...It really is a crappy day... S&P downgrades Ireland...<BR/><BR/><BR/>ChrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11479949571446205532009-03-30T16:36:00.000+01:002009-03-30T16:36:00.000+01:00As soon as the counter-party list was put out, it ...As soon as the counter-party list was put out, it was clear Treasury was gifting the banks. You'd have to go through the banks' financials to be sure - and I have no desire to do that - but I can see this "smoke" as true because: <BR/><BR/>1. Banks are marking up loan charges to criminal levels now so they're pulling more out of their customers. They're also pushing out home refi money. <BR/>2. This is offset by big losses in the loan portfolios. Look at CRE. <BR/>3. Something else to tip the balance positive?<BR/><BR/>As for products over-valued up front on the books ... yeah, that's not exactly new in finance or elsewhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66464305312136039022009-03-30T14:43:00.000+01:002009-03-30T14:43:00.000+01:00Corey, all kidding aside (and actually, I wasn't e...Corey, all kidding aside (and actually, I wasn't even kidding), that zerohedge story is now spreading like wildfire. <A HREF="http://macro-man.blogspot.com/2009/03/struggling-for-inspiration.html#comment-267066008202614778" REL="nofollow">This comment</A> on Friday appears to hint at the same thing. Where there's smoke, as they say....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7047414509994002332009-03-30T14:36:00.000+01:002009-03-30T14:36:00.000+01:00I never look like a financier at the best of days,...I never look like a financier at the best of days, and have recently been called a "caveman"....so I have no fears. I'll have something on this subject tomorrow....but I think it's fair to say that there is plenty of anger in the City.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78354145373765608242009-03-30T14:22:00.000+01:002009-03-30T14:22:00.000+01:00MMDress down, or suit, tie and boxing gloves for y...MM<BR/><BR/>Dress down, or suit, tie and boxing gloves for you? :)<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601109&sid=a.OF8QhxA_uk&refer=homejackasshttps://www.blogger.com/profile/09532899525933621555noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66074291684673983472009-03-30T13:29:00.000+01:002009-03-30T13:29:00.000+01:00With respect to banks' profitability....all I know...With respect to banks' profitability....all I know is that whenever I do an option trade, it seems to cost me $100k versus mid-market. Multiply that by x number of punters out there, and I have no trouble believing that banks are doing well!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78045682341326340312009-03-30T13:23:00.000+01:002009-03-30T13:23:00.000+01:00An explanation for the banks Jan/Feb profitability...An explanation for the banks Jan/Feb profitability? Just thought this would be of interest to your readers...<BR/><BR/>http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-26839384879863558322009-03-30T13:19:00.000+01:002009-03-30T13:19:00.000+01:00The CFTC COT data as of Friday (through Tuesday...The CFTC COT data as of Friday (through Tuesday's trading) suggest almost unprecedented amounts of short-covering in the mini-S&P futures over the previous week by the specs. Equally as troubling, the open interest in all index futures has fallen precipitously. Falling open interest, massive short-covering??? Not bullish indicators.Anonymousnoreply@blogger.com