tag:blogger.com,1999:blog-34323687.post5183632955155058609..comments2024-03-19T03:05:57.184+00:00Comments on Macro Man: Over Before It's BegunMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-34323687.post-37409689690724605882008-11-30T20:49:00.000+00:002008-11-30T20:49:00.000+00:00Macro Man,Thanks for your insightful analysis as a...Macro Man,<BR/><BR/>Thanks for your insightful analysis as always. I didn't quite follow the part about the currency flows implied by the WEI chart. Can you explain your thinking?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63766154621661985712008-11-29T20:13:00.000+00:002008-11-29T20:13:00.000+00:00Hi MM,Gregor here. It's been a while. If it remain...Hi MM,<BR/><BR/>Gregor here. It's been a while. If it remains your view that QEasing and now direct monetization have still not yet begun, wrt to the FED, I would very much like to see a post on that as it was my understanding that started about 2+ weeks ago it became more accepted that the FED had indeed begun QE, and of course this week's GSE operations make it a "near certainty" that monetization has indeed begun.<BR/><BR/>Gwww.gregor.ushttps://www.blogger.com/profile/14172143997858920566noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35444601200763875322008-11-29T01:50:00.000+00:002008-11-29T01:50:00.000+00:00what is the biggest bubble? the dollar or fixed in...what is the biggest bubble? the dollar or fixed income? discuss......remember, its different this timeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-9662298242864249172008-11-28T15:46:00.000+00:002008-11-28T15:46:00.000+00:00This article in Euromoney explains the absolute se...This article in Euromoney explains the absolute seriousness of the “failure to deliver” problem, Clearly, Paulson is not doing his job. He has a huge conflict of interest, IMHO.<BR/><BR/>http://tinyurl.com/faildeliverAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30904468843333913082008-11-28T14:23:00.000+00:002008-11-28T14:23:00.000+00:00I'd like to move attention towards two subject tha...I'd like to move attention towards two subject that i've noticed yesterday.<BR/>Fisrtly i've seen a lot of money in the primary corporate bonds market, with latest issuance really well received (in particular Basf and BP) and in strong gain this morning. Every issuance now is fixed (not a good sign...)and with a huge spread versus CDS. This is bad indicator at least for CDS levels..<BR/>I think that real money have now acknowledged that next year money yields will be worthless, govt yields along the curve are at dismal levels and so everyone's question is: how can I get more than 1% next year???<BR/>If i can understand a few years' deflation or at least low inflation, what about a 10-30 years period???<BR/>I think that another bubble is happening on govt yields, if adjusted by new credit spread levels, long term yields are the LOWEST ever!!!!<BR/>And again: what's the difference about credit risk between US Treasury, GSe bonds and FDIC guaranteed new bank issues? Isn't it a real dangerous convergence trade??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12141171096046699092008-11-28T12:38:00.000+00:002008-11-28T12:38:00.000+00:00interesting how the (small) rally in credit over t...interesting how the (small) rally in credit over the last 5 days has just been erased in the space of a Friday morning...sighttps://www.blogger.com/profile/01269646623201724567noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-103501894889092922008-11-28T11:53:00.000+00:002008-11-28T11:53:00.000+00:00And what about the 2.1% inflation print today from...And what about the 2.1% inflation print today from europe?<BR/><BR/>How much are you guys expecting from the ECB come the December meeting?. <BR/><BR/>The d-word is looming omniously in the background although most of the current reduction in inflation comes from headline prices. It will be VERY interesting to just how sticky core prices will be in the context of this downturn.<BR/><BR/>re MMs comment on the USD gain it seems plausible not least if you also take the interest rate perspective into account too ... <BR/><BR/>Claus <BR/><BR/>clausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6425110410537320752008-11-28T11:27:00.000+00:002008-11-28T11:27:00.000+00:00Two questions of the day:For children under the ag...Two questions of the day:<BR/><BR/>For children under the age of 5:Do you expect Santa Claus this year to bring you a ....?<BR/> <BR/>For U.S. shareholders: Do you believe in the PPT and will they bring you a year-end a rally?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86834120497239604272008-11-28T10:34:00.000+00:002008-11-28T10:34:00.000+00:00Re today's fix - color has ranged from 'alot was d...Re today's fix - color has ranged from 'alot was done intra-month, today should be a non-event' to one dealer saying they expect 10bn of $ buying.<BR/><BR/>So, the quality of information is as good as ever these days.Anonymousnoreply@blogger.com