tag:blogger.com,1999:blog-34323687.post8907423230066522996..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: The 2012 Financial Olympics.Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-34323687.post-41133010534677382542012-07-23T18:27:10.440+01:002012-07-23T18:27:10.440+01:00No offence taken at all. We're all grinding th...No offence taken at all. We're all grinding through this thing in our own way.<br /><br />Just watched that penalty video again, he was called "Psycho" for a reason ... oh yeah, the relief of tension often sparks far more visceral celebrations than the pure joy of victory.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17762218518251527942012-07-23T18:11:34.409+01:002012-07-23T18:11:34.409+01:00LB. Lest I am misunderstood, I wasnt poking fun or...LB. Lest I am misunderstood, I wasnt poking fun or anything. I am going through the same sould searching exercise at the moment (albeit less painful than the IBEX type plays given the heavy credit focus ... still ain't pretty).<br /><br />Hopefully there is a Stuart Pearce '96 moment waiting for us all TWINE people at the end of the tunnel.Dee Dee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-4169787430068689092012-07-23T17:25:51.427+01:002012-07-23T17:25:51.427+01:00C says'
Re looking in Europe I'd prefer to...C says'<br />Re looking in Europe I'd prefer to look where currency adjustment and competitive strength go together as opposed to companies in countries where outperformance is only going to reward the state tax system first and shareholders a distant second.iconfro 584Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22665285803683234262012-07-23T17:15:18.269+01:002012-07-23T17:15:18.269+01:00Good one, DD, had forgotten that moment of British...Good one, DD, had forgotten that moment of British sporting bathos. Up there with the Beckham petulant kick and sending off. We won't discuss all the penalties...<br /><br />Look, DD, fair enough - that is all very reasonable criticism, in your comment today. LB's FX-based model cracked this week as we didn't see the Rationality v Idiocy Index (EUR/JPY) descending below 95, and we awoke to the uniquely unpleasant and acrid aroma of slowly burning portfolio (smells like burning tires).<br /><br />The thing is, with all the ZIRPs and NIRPs floating around out there, and all these 6 sigma days of late, we can only continue to cling to the principle of mean reversion and find businesses across Europe that generate cash flow under the assumption that they might still be there next year, doing business in Europe. After The Big Print.<br /><br />No axe to grind here, British living in the US, but just trying to see things as they are, or more accurately as they will be, without all the emotion, politics and prejudice against all things "socialist" and EU that often clouds the view of many investors, especially here in NY.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-4740236897273798982012-07-23T16:25:55.662+01:002012-07-23T16:25:55.662+01:00LB - how many more false starts to the 'Europe...LB - how many more false starts to the 'Europe is cheap' marathon til the Kevlar team has to take its ball and go home in <a href="http://www.youtube.com/watch?feature=player_detailpage&v=Hi47Wms081I#t=472s" rel="nofollow">Linford Christie fashion</a>?<br /><br />It is truly brutal out there.Dee Dee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66773969600800580692012-07-23T15:12:18.893+01:002012-07-23T15:12:18.893+01:00Sentiment very bearish again. Renewed Eurpocalypse...Sentiment very bearish again. Renewed Eurpocalypse calls. Shorting bans. <br /><br />Time for Mangler to get her finger out and call the printers, or there will be nothing much left standing in Southern Europe for the Germans to buy with their neue DM. <br /><br />Schnell, Angela, Schnell ! Man muß manchmal etwas schwierig tun....<br /><br /><a href="http://www.bespokeinvest.com/thinkbig/2012/7/23/the-bears-are-back.html" rel="nofollow"> Bears Are Back in Town </a>Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54882295820433405262012-07-23T10:49:13.222+01:002012-07-23T10:49:13.222+01:00C says'
In the 100 million tax evasion race I ...C says'<br />In the 100 million tax evasion race I have the Italians down has hot favourites which is not an indirect reference to the 40 deg temp in Florence last week.<br /><br />In the corporation tax relay it looks like a deadheat between France and Spain with the "dead" definitely being a reference to corporate futures in those countries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1295647540596171932012-07-20T20:03:14.254+01:002012-07-20T20:03:14.254+01:00SEPM
> The original MM is never far away and ...SEPM <br /><br />> The original MM is never far away and is in fine fettle<br /><br />Good to hear. I never really expected him to keep this quiet, he seemed like someone with much to tell. Also, from my own experiences, once you return home after many years abroad your own country seems a little odd.<br /><br />> We have a crack at poems now and again, as you may have seen if you have started leafing through the archive, but they will never be up to the masters standard. Sorry.<br /><br />Oh, but I do appreciate your efforts, and the whimsical qualities of life in general. I do miss Sherlock though. Or perhaps "Dempsey and Makepeace" is more appropriate with the US-UK link and lots and lots of collateral damages. I can see Merkel starring here...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41536011124018795302012-07-20T14:58:11.860+01:002012-07-20T14:58:11.860+01:00Cliff Diving.
My portfolio, this morning...Cliff Diving.<br /><br />My portfolio, this morning...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23735103011938117982012-07-20T02:29:48.665+01:002012-07-20T02:29:48.665+01:00Heavyweight Boxing. Banks vs RegulatorsHeavyweight Boxing. Banks vs RegulatorsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-16334954914595982062012-07-20T02:27:31.378+01:002012-07-20T02:27:31.378+01:00Cycling team sprint. Every rider and bike one afte...Cycling team sprint. Every rider and bike one after the other, slick, streamlined, looks incredible, round and round with no brakes.<br /><br />Apple.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54072051511163834182012-07-20T02:20:15.057+01:002012-07-20T02:20:15.057+01:00Michael Johnson in the pundit's seat, providin...Michael Johnson in the pundit's seat, providing a reality check for everyone. <br /><br />Read Ray Dalio always managing to get it right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-5501173697369875122012-07-20T02:13:23.991+01:002012-07-20T02:13:23.991+01:0010m synchronised diving. Paulson funds and reputat...10m synchronised diving. Paulson funds and reputation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35366465540787826832012-07-19T21:50:49.716+01:002012-07-19T21:50:49.716+01:00The original MM is never far away and is in fine f...The original MM is never far away and is in fine fettle and no doubt will even be reading this and acknowledging, with wistful smile, your lament over the passing of his Sherlock and the Poetry. We have a crack at poems now and again, as you may have seen if you have started leafing through the archive, but they will never be up to the masters standard. Sorry.Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13059420898399101122012-07-19T21:40:07.271+01:002012-07-19T21:40:07.271+01:00SEPM, aka anonymous of 10:03 PM is back here...
&...SEPM, aka anonymous of 10:03 PM is back here...<br /><br />> Though we would suggest a little more commonality by asking you to envisage Zaphod Beeblebrox, only with an extra head.<br /><br />Aha, that makes sense, but only thanks to actually having spent quite a few years in the UK.<br /><br />While I have followed your reporting from the actual trenches for years it has only been passively through a RSS feed so not all details were immediately apparent.<br /><br />May one inquire as to the wellbeing of the original MM? I miss the poetry and the Sherlock Holmse-ian adventures. Looking through blog I see the last farewell was in May 2010, how time flies. His new blog, "Diary of an Impatriate" has been quiet for 2 years now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-910411233144232312012-07-19T20:44:04.104+01:002012-07-19T20:44:04.104+01:00Apologies, we meant next week, not tomorrow..... w...Apologies, we meant next week, not tomorrow..... we blame the humidity, affecting neural circuits....Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22746927125692073482012-07-19T20:10:22.909+01:002012-07-19T20:10:22.909+01:00Ampo:
LB missed most of the New Year rally, wasn&...Ampo:<br /><br />LB missed most of the New Year rally, wasn't focused, didn't chase, but was luckier this time around. Catching turns is a synthesis of one's state of mind and one's current macro/FX models, I think. Sometimes your model has you doing one thing when your gut tells you something else. When that happens I usually do nothing. <br /><br />Right now my model and a lot of charts are saying stay long or take some off, but don't short. My gut feeling says we should do nothing at all in a quiet market, stay long and wait for big moves to fade. Obviously my instinct here is to expect upside moves on upside surprises. For example, expectations for US GDP tomorrow are quite dismal, but energy stocks and crude haven't been acting that way this week, which makes me go hmm...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-56119560021336552192012-07-19T19:37:34.462+01:002012-07-19T19:37:34.462+01:00Anon.. thank you!Anon.. thank you!Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46194487201638791152012-07-19T19:03:45.445+01:002012-07-19T19:03:45.445+01:00This is one of your all-time best posts.This is one of your all-time best posts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7254379092243936332012-07-19T16:25:36.355+01:002012-07-19T16:25:36.355+01:00The market has got away from me..big style!.....if...The market has got away from me..big style!.....if\when statements flying around thick and fast within the macro synapses...<br /><br />Pavlovs team have decided not to wait for any no-mansland range to be created before lift off...you've got to be kidding!<br /><br />Nah...I've missed the run-up and, decided not to chase.<br /><br />Therefore it's back to the gym, sorry the races!<br /><br />ps.....Ahh,how wonderful they are to give me that option....life's good.amplitudeinthehousenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40580022027288061242012-07-19T13:41:01.349+01:002012-07-19T13:41:01.349+01:00Original...
MERVE! thankyou for that well obser...Original... <br /> MERVE! thankyou for that well observed suggestion. TMM are putting it through their models to scan it for logic errors..... Nope,looks fine... <br /><br />As for Spain. And can add their yields look like basketball score linesPolemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86377678325451440032012-07-19T13:27:43.954+01:002012-07-19T13:27:43.954+01:00say what you will about HH, if he really put a dec...say what you will about HH, if he really put a decent amount of his AUM into Japanese industrial CDSs sometime in '10 as he claims he did his AUM should be quite a bit higher than the reported number...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84222870184598451002012-07-19T13:13:34.898+01:002012-07-19T13:13:34.898+01:00Global yields the clear favorite in the 10m platfo...Global yields the clear favorite in the 10m platform dive, as they have descended gracefully without making any splash whatsoever.<br /><br />The Fed will surely win the marathon, given that they anticipate being able to run at the same pace for the next 2-3 years.<br /><br />Spain is likely to win in basketball, as the Bono market has shown a remarkable ability to thwart the best efforts of the European Dream Team.the Originalnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17099214883904007292012-07-19T12:31:40.051+01:002012-07-19T12:31:40.051+01:00Might I suggest Mervyn King for the hammer throw, ...Might I suggest Mervyn King for the hammer throw, as he is really quite a spectacular tosser.The Originalnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63596002551778023282012-07-19T10:47:02.763+01:002012-07-19T10:47:02.763+01:00Bravo Anon,
Algo traders to take gold in that on...Bravo Anon, <br /><br />Algo traders to take gold in that one then!<br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.com