tag:blogger.com,1999:blog-34323687.post4126930663156446632..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Story timeMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-34323687.post-77921850521579380372007-11-19T09:27:00.000+00:002007-11-19T09:27:00.000+00:00My understanding is that the discrepancy is BOE le...My understanding is that the discrepancy is BOE lending to non-NRK institutions. If that's the case, I am not sure how using NRK as a slush-fund/conduit type vehicle would explain this. <BR/><BR/>Equally murky is the exit strategy for the authorities from their NRK entanglement. Does Gordon go "old skool" and just nationalize them?Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-59243960276465401382007-11-19T01:08:00.000+00:002007-11-19T01:08:00.000+00:001. The BoE have said it would have liked to loan t...1. The BoE have said it would have liked to loan to NR without disclosing this fact. <BR/>2. The BoE now effectively owns a sizable amount of NR. <BR/><BR/>Is it crazy to think the BoE could use NR as a conduit for anonymous loans? Could this explain the discrepancy in loan amounts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-79196829194290627702007-11-16T21:33:00.000+00:002007-11-16T21:33:00.000+00:00I think the Fed has been backed into a corner via ...I think the Fed has been backed into a corner via their recent rate cuts, and they know that they can only cut maybe one more time before the gauntlet is thrown down on the dollar vis a vis the Chinesse and other Middle Eastern country reserves.<BR/><BR/>They have one more get out of jail free card, and they had better use it wisely!<BR/><BR/>Of course I don't necessarily think that a weak dollar is such a bad thing for the U.S. now, as it will continue to help shrink the trade deficit and will perhaps discourage overconsumption and overlevarging, but I doubt it will be a vote getter next year.<BR/><BR/>We'll see what comes out of South Africa this weekend.Chris MacCullochhttps://www.blogger.com/profile/00023263946925859485noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-5503862676671612272007-11-16T21:31:00.000+00:002007-11-16T21:31:00.000+00:00This comment has been removed by the author.Chris MacCullochhttps://www.blogger.com/profile/00023263946925859485noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19188714182015307622007-11-16T17:24:00.000+00:002007-11-16T17:24:00.000+00:00Great discussion yesterday, inspired my opinion of...Great discussion yesterday, inspired my opinion of this morning: http://angrybear.blogspot.com/<BR/><BR/>I would have thought PPI would have already included offshore labor costs. Stops took me out of GLD (thanks) but I'm back in, and ill gotten gains plowed into Puts on S&P and short on Xinhua. But I'm still thinking about BWII and what to do about it, as a small investor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6701656570821773842007-11-16T15:46:00.000+00:002007-11-16T15:46:00.000+00:00Seconding Cassandra's request!Seconding Cassandra's request!Unknownhttps://www.blogger.com/profile/02284266609097036974noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51347888896432524312007-11-16T13:42:00.000+00:002007-11-16T13:42:00.000+00:00MM, what a surprise, you finnaly starting to throw...MM, what a surprise, you finnaly starting to throwing the bull towel, perharps taking a look at the overwhealming evidence will do the trick instead of just trying to a rebel and go against investment gurus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-68072125396460888802007-11-16T13:24:00.000+00:002007-11-16T13:24:00.000+00:00To be honest, I'm not that bothered by the labour ...To be honest, I'm not that bothered by the labour market strife. I feel quite safe in thinking that Hollywood writers do not inhabit the "real world" (well, unless their houses have burned down), while striking Frenchmen isn't exactly a new development for the world economy. When I was working in France early in my career, I recall a French acquaintance telling me the he wanted to travel to Australia, but could only afford to go if he wasn't working...<BR/><BR/>As for the homework assignment, I'll give it some thought!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32814471023808864602007-11-16T12:20:00.000+00:002007-11-16T12:20:00.000+00:00MM - you forgot to mention the increasing labour s...MM - you forgot to mention the increasing labour strife (be it France, Chile, US or Hollywood). When looking at equities, on must wonder: Is this as good as it gets? <BR/><BR/>One other question (being in NY & watching the visitors pull everything in sight off the shelves particularly things AAPL) why haven't European retail prices been falling MORE given the strength vs. USD and things there tethered? This of course relates to the first question, because IF its padding MNC margins, this will ultiamtely be arbitraged away...<BR/><BR/>Really nice post yesterday. I've been losing a lot of sleep over it - literally - and would love to talk it over with somone, but there is no such thing as "Financial Shrink". Given this, I'd be grateful if as a special favour to me, you'd make a little time travel sojourn to 2010, and have a look at the world, relative and abolute asset prices (and a leek at the 2009 NCAA tourney results) and report back . This will help me work out what disintegration of BWII actually <I>means</I> to prices, and life as we know it."Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40748311061089454352007-11-16T10:48:00.000+00:002007-11-16T10:48:00.000+00:00It is tempting, I must say.It is tempting, I must say.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83831018903872370472007-11-16T10:24:00.000+00:002007-11-16T10:24:00.000+00:00Have you seen the cover of the latest Economist? ...Have you seen the cover of the latest Economist? Any thoughts on fading that :)?Anonymousnoreply@blogger.com