tag:blogger.com,1999:blog-34323687.post2712617937110784386..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: QE: Shock And AwfulMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-34323687.post-58341561335070076152009-03-25T20:08:00.000+00:002009-03-25T20:08:00.000+00:00Hi!I've just visited your blog for the first time ...Hi!<BR/>I've just visited your blog for the first time and i must say that i am quite surprised. such a great blog with a long history is great and i really admire what you do. Anyway, keep up the good work and good luck with your trades!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22189663810929795302009-03-25T17:16:00.000+00:002009-03-25T17:16:00.000+00:00they're all crooks! It's that simple. Trying to ...they're all crooks! It's that simple. Trying to fix this POS system is a waste of time. It needs to implode. I'd rather pick up the pieces with hope, then sit in despair and frustration for the rest of my life.<BR/><BR/>NEVER trust anything out of Reuters. Hasn't anyone figured that out yet? Look who owns Reuters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86005542224718124312009-03-25T16:47:00.000+00:002009-03-25T16:47:00.000+00:00I guess we can blame Mickey D's then.....if you're...I guess we can blame Mickey D's then.....if you're willing to believe that it's actually meat in their burgers....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48670190190236165292009-03-25T16:18:00.000+00:002009-03-25T16:18:00.000+00:00the fed bought it's first round of treasuries, and...the fed bought it's first round of treasuries, and bid to cover was 'good'<BR/><BR/>many calling for tim's resignation after today, as he sent treasuries down<BR/><BR/>off topic- a 10 yr study by nat inst. of health and aarp realeased today concludes 'eat red meat you die of everything' stop red meat and improve:<BR/><BR/>9:30 Daily Red Meat Consumption Raises Death Risk - Study<BR/>WASHINGTON (AFP)--People who eat more red or processed meat have a higher risk of death from all causes including cancer, while a higher consumption of white meat reduces such risks, a decade-long U.S. study released Monday found.<BR/>The joint study begun in 1995<BR/>-deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10909517717901159752009-03-25T15:15:00.000+00:002009-03-25T15:15:00.000+00:00"to creating an undesired easing of monetary condi..."to creating an undesired easing of monetary conditions in the West" is a purple herring. it's like blaming mcdonalds for obesity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38308332246822357492009-03-25T14:56:00.000+00:002009-03-25T14:56:00.000+00:00If you read the BBG headline carefully, all it say...If you read the BBG headline carefully, all it says is that he is open to increasing the pool of SDRs....NOT that he is open to moving to a new reserve currency system, as the Reuters headline intimates.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31098986946248628112009-03-25T14:53:00.000+00:002009-03-25T14:53:00.000+00:00Haha thanks. More evidence that it's not what you ...Haha thanks. More evidence that it's not what you know but who...<BR/>Bloomberg still picking it up that Geithner said this. Perhaps he needs to take some lessons from the Greenspan school of making yourself unintelligible!<BR/>ChrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-52821887871117969262009-03-25T14:50:00.000+00:002009-03-25T14:50:00.000+00:00I know a guy who knows a guy who was there.I know a guy who knows a guy who was there.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20855244334228239612009-03-25T14:44:00.000+00:002009-03-25T14:44:00.000+00:00MM - where are you seeing the misquotation? Certa...MM - where are you seeing the misquotation? Certainly Reuters hasn't published any correction yet.<BR/>Cheers, ChrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36665143927964395472009-03-25T14:31:00.000+00:002009-03-25T14:31:00.000+00:00Merv the swerve - I wonder if the BoE governor wil...Merv the swerve - I wonder if the BoE governor will enter the Finance Hall of Fame ? (if there is one)<BR/><BR/>2001 - Mervyn Davies who was affectionately known as 'Merv the swerve' is the latest Welshman to be inducted into the International Rugby Hall of Fame. <BR/><BR/>The former Wales Capt. Davies, won 38 caps for his country and becomes the seventh Welshman honoured - more than any other nation.Unknownhttps://www.blogger.com/profile/01187416648160477630noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61824676130922928862009-03-25T14:27:00.000+00:002009-03-25T14:27:00.000+00:00Geithner was misquoted on Reuters as saying that h...Geithner was misquoted on Reuters as saying that he was open to China's SDR reserve currency proposal; in fact, he said he was open to expanding the pool of SDRs. Hard to know whether Geithner or Reuters was at fault for the misquotation, but someone please point him to the last paragraph of this post!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49088253053802944632009-03-25T14:19:00.000+00:002009-03-25T14:19:00.000+00:00return of lloyd bentsen--as if fx was illiquid and...return of lloyd bentsen--as if fx was illiquid and vol enough before we decided we didn't know what our dollar policy isAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8436292315995262042009-03-25T14:16:00.000+00:002009-03-25T14:16:00.000+00:00what's going on with the dollar?what's going on with the dollar?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40389411586806982892009-03-25T14:05:00.000+00:002009-03-25T14:05:00.000+00:00Weird move in the dollar and gold before the new h...Weird move in the dollar and gold before the new home sales numbers...Geithner's comments on SDRs?Ianhttps://www.blogger.com/profile/12325797293534490304noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40844476358659379052009-03-25T13:51:00.000+00:002009-03-25T13:51:00.000+00:00I read everything that is sent to me, and while I ...I read everything that is sent to me, and while I usually endeavour to reply to everything sometimes a backlog builds up and I never get caught up. (Usually when the mail falls off the first page of the Gmail inbox.) Recently, between the financial crisis, the knee, and the radio stations, I have been inundated with mail. I received a numnber of very helpful mails with respect to the knee; per the above, I endeavoured to reply to all of them. If I failed to reply to yours, I apologize; trust me, it wasn't because it wasn't appreciated.<BR/><BR/>thanksMacro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34488113892934256442009-03-25T13:35:00.000+00:002009-03-25T13:35:00.000+00:00MM:did you get my e-mail about your ACL? I sent yo...MM:<BR/><BR/>did you get my e-mail about your ACL? I sent you my experience with it. Never heard. Just wondering.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-39344033123928286062009-03-25T13:15:00.000+00:002009-03-25T13:15:00.000+00:00Must give props to MM as I used his long touted "m...Must give props to MM as I used his long touted "merv the swerve" on a CNBC hit this morning.<BR/><BR/>Aside from the cutsy nature of name calling the point is rather salient - move the goal posts and lose the market participants.<BR/><BR/>Not quite save the cheerleader save the world - but ultimately more importantUnknownhttps://www.blogger.com/profile/07409267136642868779noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-33120991279936948682009-03-25T12:44:00.000+00:002009-03-25T12:44:00.000+00:00The casual observer might assume you are paranoid ...The casual observer might assume you are paranoid MM, but in the trenches we know better: a, to remain anonymous, "former" US Ibank buying Apr 9 .7000 Aud Calls in good size the day before FOMC at a premium in a massively offered market? Please. BNA indeed, soon to be summiting with Zimbabwe. Meritocracy is dead, long live cronyism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17685726915226852352009-03-25T12:26:00.000+00:002009-03-25T12:26:00.000+00:00MM - I can't figure out whether what we are hearin...MM - I can't figure out whether what we are hearing from Obama and company is "Stop me if you've heard this one before" or "Bigmouth Strikes Again".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20973271499144332082009-03-25T12:04:00.000+00:002009-03-25T12:04:00.000+00:00MW, if they revert, by all means pas on their feed...MW, if they revert, by all means pas on their feedback, either here or offline at the email address. cheers, MMMacro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21540739055706425322009-03-25T12:01:00.000+00:002009-03-25T12:01:00.000+00:00FWIW, I emailed the Fed to ask why they changed th...FWIW, I emailed the Fed to ask why they changed their tune on what part(s) of the curve they'd buy. No response as yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-9953717092151027762009-03-25T11:32:00.000+00:002009-03-25T11:32:00.000+00:00Ditto Anon at 10:17amMM you are not the only one f...Ditto Anon at 10:17am<BR/><BR/>MM you are not the only one frustrated at the apparent situation where those punting (presuming they are not privvy to the BRA leaks) on policy announcements get paid whilst those reacting to said policy get screwed.<BR/><BR/>It seems the optimal response to policy for the moment is to wait 30 mins then pile into the "wrong" side of trades.<BR/><BR/>HarryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7661249511913987342009-03-25T11:16:00.000+00:002009-03-25T11:16:00.000+00:00mm - i had eurchf on too. cut my position out of ...mm - i had eurchf on too. cut my position out of frustration. <BR/>they sent the first battalion in with no cover fire. Really poor follow through.<BR/><BR/><BR/>-mpmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32340536561232262462009-03-25T10:57:00.000+00:002009-03-25T10:57:00.000+00:00...hence the comment that they cannot make money w......hence the comment that they cannot make money without the inside info!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-53897699716774059192009-03-25T10:37:00.000+00:002009-03-25T10:37:00.000+00:00a certain bond fund in California was paying 30y s...a certain bond fund in California was paying 30y swap spreads 15 minutes before the announcement yesterday. Seems like the market has been divided into the have's and have not's; those who have knowledge of whatever the plutocrats in DC are working on and those who don't. It's pretty unbelievable how pathetic their returns are despite their inside information and market impact trading strategies.Anonymousnoreply@blogger.com