tag:blogger.com,1999:blog-34323687.post6492008492938805974..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: ECB Open ThreadMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-34323687.post-48851421690352917952009-01-15T14:25:00.000+00:002009-01-15T14:25:00.000+00:00thanks MMthanks MMspagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86787148859246616382009-01-15T14:07:00.000+00:002009-01-15T14:07:00.000+00:00Euro is a sale.Euro is a sale.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36050884448239017702009-01-15T14:06:00.000+00:002009-01-15T14:06:00.000+00:00so ECB now deemed hakwish ?it propelled EURUSD up,...so ECB now deemed hakwish ?<BR/>it propelled EURUSD up, but not sure how beyond the pavlovian reaction the ECB's continued stubbornness is actually good for the EUR.. <BR/><BR/>any views ?spagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45625187380593240782009-01-15T09:32:00.000+00:002009-01-15T09:32:00.000+00:00I see 25 only. He'll claim despite pronounced slow...I see 25 only. He'll claim despite pronounced slowdown, impacts of past cuts not yet realized, and substantial fiscal effect in the pipeline. But he'll look good saying it. They meet again in 3 weeks so maybe another 25 then......What he wishes he could say is cuts below 2% have limited if any impact.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70402458702244116462009-01-15T06:20:00.000+00:002009-01-15T06:20:00.000+00:00Despite the dire European economy, Trichet wouldn'...Despite the dire European economy, Trichet wouldn't want to lose all it's ammunition. I also voted for a boring 50 points cut (and also wrote about it).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-42015060490658575392009-01-15T05:49:00.000+00:002009-01-15T05:49:00.000+00:00I voted a 75bp cut cause that's what I would do.50...I voted a 75bp cut cause that's what I would do.<BR/>50 is expected and won't send a positive signal and 100 leans towards panic. Take the middle.<BR/>Key issue is also that German exports are falling. The rest doesn't really matter.<BR/>geertAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85613135433892233072009-01-15T03:46:00.000+00:002009-01-15T03:46:00.000+00:00@ prophets - When has JCT ever accepted harsh real...@ prophets - When has JCT ever accepted harsh reality?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22702416683473982112009-01-15T00:27:00.000+00:002009-01-15T00:27:00.000+00:00Like the Master Trader said to his lover, "I love ...Like the Master Trader said to his lover, "I love you." She smiles. But he continues in a measured tone, "until the bottom falls out."<BR/><BR/>I (heart) MM [ahem, but in a manly way].Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30497129466949630342009-01-14T22:33:00.000+00:002009-01-14T22:33:00.000+00:00i go with 100 bps. it's time for a harsh real...i go with 100 bps. it's time for a harsh reality for JCT & Co.prophetshttps://www.blogger.com/profile/16688051502761732148noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18941595692116828832009-01-14T20:47:00.000+00:002009-01-14T20:47:00.000+00:00Voted raise just because nothing is surprising any...Voted raise just because nothing is surprising anymore before I retire to watch bbc2 and the almost certain kicking and tarring of the same brush anyone/everyone in financials will get...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-24759801767974976902009-01-14T20:35:00.000+00:002009-01-14T20:35:00.000+00:00voted 50 bps ... the conservative call. However as...voted 50 bps ... the conservative call. However as you said in the earlier post MM, the mistakes by the ECB have already been made ... we ARE headed for general price deflation in Europe ... this, I am afraid, is indisputable. <BR/><BR/>ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61873503018910279792009-01-14T20:29:00.000+00:002009-01-14T20:29:00.000+00:00re FXPO, I don't follow single name stocks, but I ...re FXPO, I don't follow single name stocks, but I gather there was a downgrade.<BR/><BR/>Re: equities generally, I had switched to running a small short which I (d'oh!) covered yesterday. I find it hard to have much conviction in these markets...it's not been the most obvious start to the year, I must say.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-81602276016646176932009-01-14T20:25:00.000+00:002009-01-14T20:25:00.000+00:00Re: risk - yeah I know just some banter. UK marke...Re: risk - yeah I know just some banter. UK markets were pretty kind yesterday given the near 7% tank today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77014137026696144412009-01-14T20:23:00.001+00:002009-01-14T20:23:00.001+00:00My only consolation that in the post and, more imp...My only consolation that in the post and, more importantly, in real life, my attitude was "if the market truly ♥ risk, it behooves Macro Man to like it at least a little bit," the key phrase there being " a little bit."Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90805596710054327912009-01-14T20:23:00.000+00:002009-01-14T20:23:00.000+00:00Also any thoughts on what drove FXPO today? Senti...Also any thoughts on what drove FXPO today? Sentiment generally bearish on mining sector except for iron ore miners in the Ukraine? FXPO seen some decent upside this week. Sorry off the track of ECB rate cutting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40685499385729125422009-01-14T20:19:00.000+00:002009-01-14T20:19:00.000+00:00"I love risk" isn't the same as the titanic being ..."I love risk" isn't the same as the titanic being unsinkable because you might actually like risk but its very similar!Anonymousnoreply@blogger.com