Financial markets are getting almost as China-obsessed as Macro Man (and Brad Setser .) Macro Man's email box is chock full of acronym-s...
Read More
Showing posts with label Yen carry. Show all posts
Showing posts with label Yen carry. Show all posts
When the facts change....
“When the facts change, I change my mind. What do you do, sir?” - John Maynard Keynes The...
Read More
Taking the other side of US trade deficits
Q: What do you get when you dress a pig in a prom dress? A: A pig. Macro Man has been trousered by one of the fundamental errors in macro in...
Read More
Has George Soros fallen prey to the false consensus effect?
Last week, the Financial Times printed the transcript of an interview with George Soros . This is the same periodical, you may recall, that ...
Read More
Return of serve
“We’re caught in a trap. We can’t walk out. Because I love you too much, baby.” ...
Read More
Please disperse, there's nothing to see here
We reaffirm that exchange rates should reflect economic fundamentals. Excess volatility and disorderly movements in exchange rates are undes...
Read More
Eight points about yesterday's post
1) Rudeness sells! In what may be a sad commentary on human nature, yesterday’s deliberately provocative title coincided with a record numb...
Read More
Subscribe to:
Posts (Atom)