tag:blogger.com,1999:blog-34323687.post9009795841995581151..comments2024-03-29T12:12:06.420+00:00Comments on Macro Man: A Fed pollMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger67125tag:blogger.com,1999:blog-34323687.post-23774954068660809532014-10-21T00:59:48.680+01:002014-10-21T00:59:48.680+01:00Smartest human who ever lived? Talk about a parad...Smartest human who ever lived? Talk about a paradox. He or she would take one look around at this madness and right jump off the nearest bridge, innit? :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69659068946960822752014-10-21T00:34:23.238+01:002014-10-21T00:34:23.238+01:00It will even get worse as the elites seize on this...It will even get worse as the elites seize on this new technology...<br /><br />http://nautil.us/issue/18/genius/super_intelligent-humans-are-comingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1042300959684049452014-10-20T22:48:31.381+01:002014-10-20T22:48:31.381+01:00John 3:18 AM "the daily gruel of the Americ...John 3:18 AM "the daily gruel of the American worker has thinned with no significant advancement in real income in two decades"<br /><br />Charles Murray saw this coming back in 1994 in his book, " The Bell Curve ":<br /><br /><br />"Predicting the course of society is chancy, but certain tendencies seem strong enough to worry about:<br /><br /> An increasingly isolated cognitive elite.<br /> A merging of the cognitive elite with the affluent.<br /> A deteriorating quality of life for people at the bottom end of the cognitive distribution.<br /><br /> Unchecked, these trends will lead the U.S. toward something resembling a caste society, with the underclass mired ever more firmly at the bottom and the cognitive elite ever more firmly anchored at the top, restructuring the rules of society so that it becomes harder and harder for them to lose. (p. 509)"<br /><br />Tyler Cowen’s “Average Is Over ” expand's on this trend.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18095434295995972662014-10-20T22:24:16.710+01:002014-10-20T22:24:16.710+01:00President of New York Fed effectively calls for re...President of New York Fed effectively calls for return to the days of private investment banking partnerships: <br />http://www.newyorkfed.org/newsevents/speeches/2014/dud141020a.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7177055942873589522014-10-20T19:55:48.161+01:002014-10-20T19:55:48.161+01:00 JP Morgan: Liquidity appears to have deteriorated... JP Morgan: Liquidity appears to have deteriorated across all asset classes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3510419102563398922014-10-20T19:31:23.006+01:002014-10-20T19:31:23.006+01:00Ebola.. as someone said.. more Americans have been...Ebola.. as someone said.. more Americans have been married to Kim Kardashian than died of Ebola. Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13180064378417441382014-10-20T19:28:28.186+01:002014-10-20T19:28:28.186+01:00A slow squeeze continues.... 1910-1915 area is the...A slow squeeze continues.... 1910-1915 area is the next target for SPX, that's the 200 day. A trip to the 1950-1960 area (50 day) can't be ruled out, either. Mr Market likes to mess with people. One bearish observation on the day is that The Carry Monkey doesn't seem to be on board, USDJPY is red, in the absence of US data today.<br /><br />A lot now depends on government response to the latest outbreak of the dreaded EUROLA virus, with all of its deflationary dangers, especially for the periphery. Dr Aghi is searching for a cure, believing that its origins lie in Frankfurt, somewhere deep within the jungle known as the Buba, where Jens Wiedmann is known to fancy a fruit bat Wurst from time to time.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40920610748530615272014-10-20T13:34:48.410+01:002014-10-20T13:34:48.410+01:00The commentometer indicator still working well !The commentometer indicator still working well !Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-57537822229444680722014-10-19T21:45:13.631+01:002014-10-19T21:45:13.631+01:00unless US cos compress labour cost to further, thi...unless US cos compress labour cost to further, third world levels you could argue that they've reached a peak in profitability in the post-2008 era<br /><br />wage deflation and ballooning education cost - a tour de force to screw up a nation<br /><br />meanwhile Chinese labour cost ain't what it used to be i read somewhere $500 p/m average<br /><br />at this point you'd expect a mounting aspiration for the US to cut down on both foreign policy and investments and yes John, to do more homework at homeNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50887800670685093452014-10-19T03:18:04.590+01:002014-10-19T03:18:04.590+01:00A half decade and the S&P has tripled off its ...A half decade and the S&P has tripled off its lows; but the daily gruel of the American worker has thinned with no significant advancement in real income in two decades; one can imagine an inverse decoupling of the equity market from GDP: equities enter a long protracted descent w/ $ strengthening and a general retooling of the American base in the fashion of 1815-1905; unless long DuPont, Sears or P&G, equities were no refuge in that era, some bonds fared well BNSF, UP, CP, UST, no understand why no 40 year UST.John, a small-time retail investornoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80312376294962827962014-10-18T16:58:52.861+01:002014-10-18T16:58:52.861+01:00Here we go again...3 percent down payment for thos...Here we go again...3 percent down payment for those who cannot afford a home and no forced buyback of fraudulent loans<br /><br />http://tinyurl.com/pe2ngzoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-28938301651159253722014-10-17T20:07:55.825+01:002014-10-17T20:07:55.825+01:00Greek 10y down to 8% from 9% today. Europanique av...Greek 10y down to 8% from 9% today. Europanique averted, for the time being?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-39342226610440082022014-10-17T19:24:46.352+01:002014-10-17T19:24:46.352+01:00Oh yes, typical expiration nonsense today. Noted. ...Oh yes, typical expiration nonsense today. Noted. SPX 1900 area rejected at the first time of asking but there will be more attempts. We are back to higher highs and higher lows, at least for the time being. SPX 1905 is where the May low and the August high meet, close to the 200dma, so this area looks like a chart magnet for now. <br /><br />The 30y was a buy at 3.00% this morning after it filled the gap from the Wednesday plunge, so it's roughly a range trade between 2.70% and 3.00% for the time being.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49439247766552114132014-10-17T16:48:48.068+01:002014-10-17T16:48:48.068+01:00it is expiry too today
so even easier to squeeze ...it is expiry too today<br /><br />so even easier to squeeze short through a couple of strikesNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19785840448208101522014-10-17T16:39:35.035+01:002014-10-17T16:39:35.035+01:00C Says
Should I sue them on copyright grounds?C Says<br />Should I sue them on copyright grounds?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8697747467748061162014-10-17T16:36:24.656+01:002014-10-17T16:36:24.656+01:00C...yes, meant Citibank...as for the prose. I'...C...yes, meant Citibank...as for the prose. I'm from Brooklyn.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-33145387187271978782014-10-17T16:30:51.729+01:002014-10-17T16:30:51.729+01:00C, I think Anon meant the "other C", Cit...C, I think Anon meant the "other C", Citibank, on negative rates.<br /><br />A long day ahead for Mr Shorty. Predictable enough. Some European markets are having a +3.0% up day, but as Ritholtz used to observe in '08, this usually only happens in bear markets, almost always denotes a short squeeze and is not a feature of healthy bull markets. Spoos can easily tack on another 15-20 points today, but is this a Dip to Buy, or a Rip to Sell? <br /><br />Hmm... anyone have any idea when bonds are going to be a buy again? Not for a while, by the look of this price action.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40159196414698648012014-10-17T16:07:40.727+01:002014-10-17T16:07:40.727+01:00DB closed yesterday down 32% ytd & below $30 ....DB closed yesterday down 32% ytd & below $30 . One of largest banks in worldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27353117214923362402014-10-17T15:45:23.571+01:002014-10-17T15:45:23.571+01:00C Says
Anon 2.45,
Must be for the jokes then becau...C Says<br />Anon 2.45,<br />Must be for the jokes then because the prose and market comments should come with an health warning.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40861546333950329942014-10-17T14:55:31.317+01:002014-10-17T14:55:31.317+01:00Next stop the 200 day at SPX 1910, then a bit more...Next stop the 200 day at SPX 1910, then a bit more vol until the 27th/Halloween, followed by a quiet period of backing and filling into Thanksgiving? FX volatility seems to be decreasing for the time being.<br /><br />When do we get the next verbal description of Dr Aghi's magnificent bazooka (the one that is never seen or used, but merely hinted at, with barely veiled allusions to its massive size)?<br /><br />This could be a tricky month for fixed income, might be a good time to sit on one's arse and collect some dividends while hedging f/i exposure. Wednesday had all the usual hallmarks of a blow-off top. Slow drift in yields ahead.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-73563703274830155492014-10-17T14:45:07.943+01:002014-10-17T14:45:07.943+01:00Negative rates...C is going to charge everybody wi...Negative rates...C is going to charge everybody with under $15,000 in their combined accounts a $25 fee per month going forwardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90832252255589520592014-10-17T10:29:02.019+01:002014-10-17T10:29:02.019+01:00Northshore -- Ooooo that's exciting. Thanks fo...Northshore -- Ooooo that's exciting. Thanks for the pointer - hadn't been on AV today. Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-15987460474710745532014-10-17T10:25:55.965+01:002014-10-17T10:25:55.965+01:00Pol - as featured in today's alphaville readin...Pol - as featured in today's alphaville reading links fyi.<br /><br />northshoreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-26476847408315631882014-10-17T10:24:58.187+01:002014-10-17T10:24:58.187+01:00yo yo someone is trying to squeeze a couple of lic...yo yo someone is trying to squeeze a couple of licorice bears before the week end<br /><br />1882 first hurdle on spoo<br /><br />1912-1918 good target for this bounce<br /><br />3025-3075 for stoxx<br /><br />i wonder if they'll need a week end bazooka to prop the market to those levels<br /><br />after which it is a good idea to short again. It is only starting in EuropeNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-179919156881495762014-10-17T08:14:39.457+01:002014-10-17T08:14:39.457+01:00AS MM Hasn't posted today lets have some fun w...AS MM Hasn't posted today lets have some fun with respect to BTPs<br /><br />Monty Python and the Four Italians Sketch<br /><br />http://polemics-pains.blogspot.co.uk/2014/10/the-four-italians-sketch.html<br /><br />Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.com