tag:blogger.com,1999:blog-34323687.post6196788426696727821..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: I'm Sorry, I Haven't a ClueMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-34323687.post-48662402774283154922008-11-16T15:51:00.000+00:002008-11-16T15:51:00.000+00:00paulson is definately making it up as he goes, he ...paulson is definately making it up as he goes, he even said to the press that during the two weeks whilst they were trying to pass TARP thorugh congress he was starting to have doubts because the markets were moving against him, surely that would mean he already knew before it was passed that it wasnt right?? the basic problem is the complete inability to take a more medium term view on policy change, during the time when TARP was going through congress the voting politicians took a stance on how to vote based on the daily swings of the equity market!! there really is no plan behind this, its all reactive, for those who have had the misfortune of dealing with a goldman sachs market maker will see the exact parallells....Fredrikhttps://www.blogger.com/profile/03350300665522582204noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37299840460772165322008-11-14T22:31:00.000+00:002008-11-14T22:31:00.000+00:00The "policy makers" are the problem. Of course the...The "policy makers" are the problem. Of course they make it up as they go! People now cry to the government when they lose their job! So they want the government to do something, so the government does something - not that it works or makes any economic sense...<BR/><BR/>Perhaps debt and interest rates shouldn't be core objective - An economy financed on debt will ultimately fail. It is unsustainable. So anything to do with interest rates is just a futile effort to get people to take on extra debt to mask the true problem with the economy, competitiveness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62288563763432441862008-11-14T07:34:00.000+00:002008-11-14T07:34:00.000+00:00re Trichet ... would have made my year so much be...re Trichet ... would have made my year so much better, if he hadnt turned the Schatz into a 'widowmaker' around mid-year<BR/><BR/>but c'est la vie ..spagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51313604841988057902008-11-14T06:56:00.000+00:002008-11-14T06:56:00.000+00:00naive question: if the Congress somehow stops the ...naive question: if the Congress somehow stops the banks (american one) from paying bonuses this year, shouldn't their shares go up? if so, shouldn't the bankers buy their own companies' stock to hedge?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86812084451296252122008-11-14T05:56:00.000+00:002008-11-14T05:56:00.000+00:00Ok, so now my pro Canada comment. Spend those EUR/...Ok, so now my pro Canada comment. Spend those EUR/GBP/CHF in the interior of British Columbia. Thats my ski vacation destination of choice (from Vancouver, can spend my rapidly depreciating CAD$ domestically) . Of course its only 65$ for gas to drive there but maybe not as little for you poor sods having to pay airfare... but still, 250$ for a ski in ski out and 70$ for a lift ticket. Is CAD$ cheap then ?Filiphttps://www.blogger.com/profile/16613836617892498181noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32821357316888274522008-11-13T16:06:00.000+00:002008-11-13T16:06:00.000+00:00MM, anyone wanting to surmise the tactics & mo...MM, anyone wanting to surmise the tactics & motives of Mr.O might find it helpful to read this from poker author James McManus:<BR/><BR/>http://tinyurl.com/69q3nn<BR/><BR/>remember he's said many times pre- and post-election: "There's only one president at a time."<BR/><BR/>possible translation: i'm waiting for a stronger hand?<BR/><BR/>maybe he's sending madame albright in to play a bluff?<BR/><BR/>maybe he's waiting until after the 11:00 news is over when benny hill comes on?<BR/><BR/>http://tinyurl.com/6oypvs<BR/><BR/>meanwhile, we can all watch bloomberg play a little friar tuck on the FED over on channel 9.<BR/><BR/>when there's many channels on simultaneously, no need to be on just the most obvious one.<BR/><BR/>...just another possibility to consider...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-73223526499259632172008-11-13T16:02:00.000+00:002008-11-13T16:02:00.000+00:00And the question is....http://www.frbsf.org/public...And the question is....<BR/><BR/>http://www.frbsf.org/publications/economics/letter/2006/el2006-28.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65553353697935047672008-11-13T14:15:00.000+00:002008-11-13T14:15:00.000+00:00times online says Hedge funds lost $100 bln in ass...times online says Hedge funds lost $100 bln in assets during October. One analyst in the story suggests six more months of redemption. Story says US fund managers to lose 15% of assets, while European manages will shed as much as 25%... <BR/>amazing that 30 year swap spread is -8.9 today...<BR/>some think next leg down in euro currency will coincide with next leg down in emerging market equities..<BR/>-deacAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-64212451681778073142008-11-13T11:39:00.000+00:002008-11-13T11:39:00.000+00:00Oh , and "I'm sorry, I havent a clue" is the best...Oh , and "I'm sorry, I havent a clue" is the best kept secret gem of British humour. I really don't know how they could ever americanise it. <BR/><BR/>RIP Humph .. +Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25235526160560056462008-11-13T11:34:00.000+00:002008-11-13T11:34:00.000+00:00I think that comment on the ski trip hit a nerve w...I think that comment on the ski trip hit a nerve with us all. I've bypassed the usual bells and whistles family trip this year and instead I am gunning for a "last minute take what we get" cheapy. Chaletsdirect.com have a solutions board where you post what you are after and wait for the owners to come to you. And funnily enough, this week has I have suddenly had a rash of emails re availability over xmas and New year due to "sudden cancellations" .. I don't think the three valleys are going to ring of the trill of "Fulham English" this year, are they Daaaahling .. or even russian .. <BR/><BR/> Do Lidl or Aldi do ski holidays? Or is that Andorra?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30474132642504550552008-11-13T11:19:00.001+00:002008-11-13T11:19:00.001+00:00Sitting beneath the first 3000-ft mountain of the ...Sitting beneath the first 3000-ft mountain of the alps, everything turned beautiful white outside in the last five hours. However, I think that heliskiing in the russian mountains might be quite inexpensive even for those poor guys across the channel. And I really enjoy finding new sterling teapots for my collection of british silver at silver plated prices. Or maybe those neat little british roadsters all those triple garage seven bedroom victims of the crunch can´t afford anymore. Der Bentley ist nicht verloren, es hat ihn nur jemand anderes, as we used to say in Germany.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45062480752793033272008-11-13T11:19:00.000+00:002008-11-13T11:19:00.000+00:00Hank has on place for that money and that is for t...Hank has on place for that money and that is for the benefit of his buddies and to make sure the check book is overdrawn by the time "O" gets in office and all that is left is deposit slips left to write the checks on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22849968078980166502008-11-13T11:04:00.000+00:002008-11-13T11:04:00.000+00:00"This winter's ski trip is shaping up as being eye..."This winter's ski trip is shaping up as being eye-wateringly expensive."<BR/><BR/>Next week I'm going to Reykjavik instead.Anonymousnoreply@blogger.com