tag:blogger.com,1999:blog-34323687.post45448443656482714..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Thanks, Alistair!Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-34323687.post-79018672097023954722008-12-02T11:54:00.000+00:002008-12-02T11:54:00.000+00:00I just paid 0.85€ for a coffee, or some 0.72 GBP.....I just paid 0.85€ for a coffee, or some 0.72 GBP...<BR/><BR/>I actually thought that "smoothy" referred to some kind of croissant. Well, you can have one for 1.00€, or some 0.85 GBP...<BR/><BR/>Frühstuck Gesamtpreis: some 1.57 GBP...<BR/><BR/>ATAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85398575716776968222008-12-01T21:47:00.000+00:002008-12-01T21:47:00.000+00:00just checked the russel- WHOA 11,85%just checked the russel- WHOA 11,85%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87173240820395290262008-12-01T21:08:00.000+00:002008-12-01T21:08:00.000+00:00Yes, I was thinking the same thing. Welcome to th...Yes, I was thinking the same thing. Welcome to the new month...it's the same as the old month!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61515051029922972792008-12-01T21:06:00.000+00:002008-12-01T21:06:00.000+00:00hail to the new entrant in the worst top 15 dow da...hail to the new entrant in the worst top 15 dow days of all timeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29117637899129268712008-12-01T17:27:00.000+00:002008-12-01T17:27:00.000+00:00Thanks for the clarification --- the coffee and sm...Thanks for the clarification --- the coffee and smoothie prices are actually in line with those in NY ($3.50 for a medium latte and $3.40for a smoothie).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82762445490699913372008-12-01T16:09:00.000+00:002008-12-01T16:09:00.000+00:00Let me clarify one thing: "coffee-and-a-smoothie" ...Let me clarify one thing: "coffee-and-a-smoothie" is two separate beverages, a £1.70 coffee and a £2.20 fruit smoothie (which goes a long way towards covering my "five a day"). While there may well be a necessary quality adjustment, these days £1.70 is €2.00 on the nose....<BR/><BR/>So it's expensive, but not quite as egregious as some of you might believe...Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-55709946961429823712008-12-01T16:04:00.001+00:002008-12-01T16:04:00.001+00:00China over-balanced their economy towards exports ...China over-balanced their economy towards exports for far too long and now they pay the price - riots in Guangdong over toy, textile and other export-orientated closures. Those who run that country have an ineffable belief in the superiority of their thinking. It's an illusion. They should have started revaluing and building up home-grown consumption years ago with better health care, hospitals, pensions and infrastructure. If they try to backtrack on the RMB now they are lost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50062692177836610532008-12-01T16:04:00.000+00:002008-12-01T16:04:00.000+00:00Average price for a coffee-and-a-smoothie, here in...Average price for a coffee-and-a-smoothie, here in Italy, is generally below 2.00€... let's say 2.50€ if you're having breakfeast in glamourous Milan (btw, never seen the Special One being interviewed by Italian so-called journalists? Gee, what a match!), but at least it's real C-O-F-F-E-E, and not some kind of a long drink smelling like coffee...<BR/><BR/>Re VAT... Our beloved PM recently raised VAT taxes for SKY's clients (quorum ego) from 10% to 20%... I once thought that Silvio and Rupert were best friends...<BR/><BR/>ATAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3991857625370909332008-12-01T15:22:00.000+00:002008-12-01T15:22:00.000+00:00This is quite bad for Asia in the near term....the...This is quite bad for Asia in the near term....the most populated trade across ALL assets and across ALL markets has been the Chinese Yuan. In the last 3 months amidst the crisis it was a safe haven (and rightly so). And this provided a sort of cushion for the rest of the "CNY proxies across Asia" (such as TWD, MYR, HKD, etc)....now the game has changed and with a weaker CNY capital will LEAVE the region...<BR/>It will be interesting to see the pace of CNY depreciation if indeed we get one (the CNY continues to be fixed at stronger rates versus the other main ccys so yes versus USD is weaker but on a NEER and REER basis it has strenghtened dramatically)...<BR/><BR/>i believe that the authorities do not realise it yet, but this weakness in the CNY will cause an exodus of capital which will contaminate toward the other Asian economies)....<BR/><BR/>Nevertheless in the long term when we do get the recovery in the USA, this will have the result of leading the Asian economies to a bubble but that is a story for another day....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47027748053097675542008-12-01T14:29:00.000+00:002008-12-01T14:29:00.000+00:003.90 for a coffee? Good to see rip-off Britain is...3.90 for a coffee? Good to see rip-off Britain is alive and well!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32404905434531692652008-12-01T14:25:00.000+00:002008-12-01T14:25:00.000+00:00oh my ft got the ball rolling:"FT said that hedge ...oh my ft got the ball rolling:<BR/>"FT said that hedge funds are hit by fresh wave of withdrawals. Notes a host of names which have limited or suspended redemptions."<BR/>oh my deux:<BR/>"Paul Tudor Jones’s hedge fund firm Tudor Investment has temporarily suspended redemptions from its $10 billion BVI Global Fund."<BR/>sorry for the delay, it's still barely 6am out here in calif., hee hee<BR/>-deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18662010489229023532008-12-01T13:49:00.000+00:002008-12-01T13:49:00.000+00:00Hey MM,Michael Pettis had a good piece today (not ...Hey MM,<BR/><BR/>Michael Pettis had a good piece today (not that he has bad pieces, but he's been on fire of late) suggesting that President Hu himself might have suggested an RMB devaluation was in the offing:<BR/><BR/>http://mpettis.com/2008/12/china-isnt-losing-its-competitive-edge/<BR/><BR/><BR/><BR/>--QUnknownhttps://www.blogger.com/profile/08956970752098389185noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77343326521580012652008-12-01T13:33:00.000+00:002008-12-01T13:33:00.000+00:00commodities can't handle that recession data thus ...commodities can't handle that recession data thus far...seems the last and first sessions of a month have been terrible in commodities for quite a few moons, that suggests the outflow by the index funds...everything in 'nr7' mode over here, implies a trend day try in ES TY GC<BR/>-deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-76505264149327364932008-12-01T13:11:00.000+00:002008-12-01T13:11:00.000+00:00get short your coffee shop - correct price should ...get short your coffee shop - correct price should be 2.5p off per 117.5pAnonymousnoreply@blogger.com