tag:blogger.com,1999:blog-34323687.post3017829807012098401..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: A Convoluted PictureMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-34323687.post-25789579393904838352010-01-26T18:29:34.204+00:002010-01-26T18:29:34.204+00:00While the sell side has screamed blue murder about...While the sell side has screamed blue murder about Volcker's plan to make them play by the same rules as everyone else, the buy side is pretty unanimous in its support. Here is yet another:<br /><br /><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIoGnP8L0uQ&pos=7" rel="nofollow">GMO’s Grantham Says Obama Plan to Ban Prop Trading ‘Good Stuff’ </a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54274281764326946322010-01-26T15:25:22.972+00:002010-01-26T15:25:22.972+00:00…out of the woodshed? Only if you let it. Do not w...…out of the woodshed? Only if you let it. Do not wish - short short short!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8011630897717283792010-01-26T14:24:27.596+00:002010-01-26T14:24:27.596+00:00The Chanos argument that China's investment bu...The Chanos argument that China's investment bubble is going to burst is looking much more likely. Their savings/investment bubble is the flip side to our credit/consumption bubble. One can't live without the other. And yet, investment as a share of Chinese GDP jumped last year.<br /><br />And if that happens, commodities are in for one huge fall.<br /><br />If you haven't visited Michael Pettis' blog, he basically has been making the argument that Chanos is basing his market call on:<br /><br />http://mpettis.com/<br /><br />Obama's announcement about freezing discretionary spending (starting next year) is a big deal. He still wants to pass a "jobs" stimulus this year, but the $150B House bill barely passed last December. Who knows how the Republicans will play this, but I would guess we'll see more useless tax cuts and less aid to states. <br /><br />The stimulus effect per $ will fall along with the level.Bob_in_MAnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-92204642006783616842010-01-26T14:20:28.096+00:002010-01-26T14:20:28.096+00:00Whoops I mean I am short HG along with some of the...Whoops I mean I am short HG along with some of the commenters, WISH I were short silver.Stevenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11279536234461545042010-01-26T13:55:55.764+00:002010-01-26T13:55:55.764+00:00Silver is out at the woodshed. I'm short HG t...Silver is out at the woodshed. I'm short HG too, a bit frustrating but every flamingo has his place at the table.Stevenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18005282943430353232010-01-26T13:35:16.858+00:002010-01-26T13:35:16.858+00:00MM,
What do you make of this story about the Fed ...MM,<br /><br />What do you make of this story about the Fed wanting to use interest on deposits as the new benchmark rate? http://www.bloomberg.com/apps/news?pid=20601087&sid=akYMsCezpjlk&pos=4Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82570138837211769702010-01-26T12:12:39.076+00:002010-01-26T12:12:39.076+00:00I have to agree with MM, the AUD performance is so...I have to agree with MM, the AUD performance is somewhat inconsistent with the performance of Chinese stocks, particularly steel etc. Of course, it may also mean that Chinese equities are a buy? <br /><br />However, more likely a brutal correction awaits the commodity currencies and the 'safe haven' that we cannot mention.Skippynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51590367853712886142010-01-26T11:40:34.421+00:002010-01-26T11:40:34.421+00:00Having recently read "Too Big To Fail", ...Having recently read "Too Big To Fail", I must say that Geithner came across very poorly indeed...seemed to be a bit power-hungry to me.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-57501143145344444472010-01-26T11:21:05.086+00:002010-01-26T11:21:05.086+00:00Oh and there is Fedgate. The Fed desparate to hid...Oh and there is Fedgate. The Fed desparate to hide details of the AIG bailout, with the NY Fed in a seemingly rogue role. Mr Geithner yet again. All this now under investigation.Donlasthttps://www.blogger.com/profile/14400745649069349297noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23445953694494449522010-01-26T11:06:59.391+00:002010-01-26T11:06:59.391+00:00Alu and copper holding and not in dump mode yet. Z...Alu and copper holding and not in dump mode yet. Zinc got hammered and looks most vulnerable.<br />Oil down from 80'sh, but holding here and could well make a nasty mini bull run , giving the bears a bloody nose (again).<br /><br />Don't bet against commods just yet!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13871816541914987512010-01-26T11:05:09.396+00:002010-01-26T11:05:09.396+00:00And Obama reportedly wants a 3-year budget freeze ...And Obama reportedly wants a 3-year budget freeze which has his Liberal base screaming blue murder and will doubtless will send Messrs Krugman and Brad De Long into a flat spin. Uncertainty, uncertainty, all is uncertainty. It will need more than Apple a day to keep the doctor away.Donlasthttps://www.blogger.com/profile/14400745649069349297noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88067495344208819162010-01-26T10:59:26.722+00:002010-01-26T10:59:26.722+00:00yet copper hangs in there like a red limpet !?yet copper hangs in there like a red limpet !?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71975245894552427612010-01-26T10:48:11.844+00:002010-01-26T10:48:11.844+00:00Agree - its not champagne time just yet for the Ch...Agree - its not champagne time just yet for the China shorts crowd. What has been interesting is the differentiation between sectors and themes within the China complex: all those consumer plays are remarkably resilient at this time whereas Banks, Steel, Aluminum, etc are all getting brutally beat down.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.com