tag:blogger.com,1999:blog-34323687.post2179513617050125125..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Just one of those daysMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-34323687.post-41163664789684894512007-10-14T14:28:00.000+01:002007-10-14T14:28:00.000+01:00Great post. Trader's live for "one of those days" ...Great post. Trader's live for "one of those days" and that is what keeps us coming back for more !!!<BR/><BR/>Good Luck.Bankerhttps://www.blogger.com/profile/03215896316185279351noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82128274466923835432007-10-13T06:21:00.000+01:002007-10-13T06:21:00.000+01:00I think the ABX indices are falling in response to...I think the ABX indices are falling in response to the agencies' wielding the <A HREF="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYMGmdfT7jb0" REL="nofollow">axe</A> on some of the underlying securities. <BR/><BR/>A few months ago, the market's Pavlovian response was to sell risk assets. For the time being, at least, people seem happy to view mortgage securities as ringfenced...Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6051311459534959542007-10-12T23:40:00.000+01:002007-10-12T23:40:00.000+01:00gud stuff, what happens if the mortgage market goe...gud stuff, what happens if the mortgage market goes one step lower, because the abx indices are tanking again and the last time that happened(august) it wasnt pretty..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11718531348970490682007-10-12T21:14:00.000+01:002007-10-12T21:14:00.000+01:00Thanks MM. Will see how it pans out.Go bokkas!Chee...Thanks MM. Will see how it pans out.<BR/><BR/>Go bokkas!<BR/><BR/>Cheers, BitrAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84228885713724129642007-10-12T18:38:00.000+01:002007-10-12T18:38:00.000+01:00I find it difficult to believe that in a world whe...I find it difficult to believe that in a world where low-cost suppliers are feeling price pressures, high-cost consumers aren't as well. The rate of change of headline CPI will have stepped up sharply in September, to go with the sharp rises observed earlier in the year. <BR/><BR/>While I'm not quite at the point of looking for big GDP figs over the next few quarters, I do think it's reasonable to view Q3 as the likely nadir. That the macro inventory data looks healthy is a strong suggestion that the economy isn't in <I>horrible</I> shape, particularly with import growth slowing.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47052898662486926532007-10-12T18:01:00.000+01:002007-10-12T18:01:00.000+01:00MM,PPI & trade data comment noted w/interest as it...MM,<BR/><BR/>PPI & trade data comment noted w/interest as it is another indicator (to me at least) that a small contrarianist movement seems to be building up against a pretty heavy consnsus battalion of low key/lower forecast CPI and GDP growth figures for the next 3 to 4 Qs.<BR/><BR/>Alot of stock (unintended pun) is placed in the (supposed) accommodative (is that really a word?) stance of the Fed (must get a Taylor rate graph up soon); some unexpectedly chirpy GDP (looks a pretty interesting bet) coupled with some price pressure going into late Q1 2008 could be quite a scenario...<BR/><BR/>Hey, if NZ can be sent home "early" anything is possible.Adminhttps://www.blogger.com/profile/00276353486684443523noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90538260285388495762007-10-12T14:31:00.000+01:002007-10-12T14:31:00.000+01:00Bitr, it looks to me like the SA curve is still to...Bitr, it looks to me like the SA curve is still too inverted. Everyone keeps receiving, and the SARB keeps hiking, and the trades keep losing....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41557254569269833242007-10-12T14:15:00.000+01:002007-10-12T14:15:00.000+01:00Gud stuff as always MM! Inflation seems to be a pr...Gud stuff as always MM! Inflation seems to be a problem as PPI today demonstrated (weaker core notwithstanding, stripping out autos it was almost 0.3% still). Spiking Baltic Dry index amongst others adds to the worries.<BR/>Since you mentioned SARB cant help but ask whether you got any view on the local rates in SA? <BR/>Have a gud w/e!<BR/>BitrAnonymousnoreply@blogger.com