tag:blogger.com,1999:blog-34323687.post6954988753214941390..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Fairly InterestingMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-34323687.post-35044800764517584352009-06-03T16:27:52.830+01:002009-06-03T16:27:52.830+01:00I just can't find my rhythm. Last year I was i...I just can't find my rhythm. Last year I was in the groove but all this year I feel clumsy.Mikehttps://www.blogger.com/profile/16375988495585111745noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-73499443312111437152009-06-03T01:17:45.889+01:002009-06-03T01:17:45.889+01:00Anon @ 10:40,
My guess (and its ONLY a guess) mig...Anon @ 10:40,<br /><br />My guess (and its ONLY a guess) might be that the spending increase reflected rising gas and food prices. I haven't really dug through any numbers...<br /><br />old traderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-44527848526112644942009-06-02T23:05:00.226+01:002009-06-02T23:05:00.226+01:00First, I doubt consumers are saving in anticipatio...First, I doubt consumers are saving in anticipation of higher future taxes so I don't think we can call this Ricardian equivalence (if we ever can). <br /> Second, and please pardon my ignorance, could you briefly explain why TIPS don't really represent a market inflation forecast? And also your sentence regarding the adjustment coming via higher nominal rates? Which nominal rates?<br /> <br /> Love your blog, thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29015152968150930642009-06-02T19:04:19.118+01:002009-06-02T19:04:19.118+01:00I almost forgot, if you guys haven't seen the ...I almost forgot, if you guys haven't seen the video on the new 2012 Pelosi GTxi SS/RT Sport Edition from Congressional Motors do yourself a favor and have a look. Google:<br /><br />http://www.youtube.com/watch?v=rAqPMJFaEdY&feature=player_embeddedProfessional Gringonoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-67662785576830784162009-06-02T17:32:52.502+01:002009-06-02T17:32:52.502+01:00I caught that $/yen move yesterday. A reverse tech...I caught that $/yen move yesterday. A reverse technical magical thing of beauty and then went to the beach.<br /><br />Then screwed up my aud/usd long this morning and now feel like an idiot. You're only as good as what you did yesterday right?Professional Gringonoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25334903991764163832009-06-02T16:54:46.089+01:002009-06-02T16:54:46.089+01:00@rick,
I suspect MM is not buying ETOs, but an OTC...@rick,<br />I suspect MM is not buying ETOs, but an OTC one via his friendly broker...vladenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47531968497925459832009-06-02T16:21:28.388+01:002009-06-02T16:21:28.388+01:00Just wondering what makes fx options attractive ri...Just wondering what makes fx options attractive right<br />now as there is currently sub par liquidity in terms of open interest? Yet people seem to bet more on the currency etfs such as FXA or FXC via the options market. Thoughts?<br /><br />Regards,<br />RickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-53564674789500891382009-06-02T12:20:21.716+01:002009-06-02T12:20:21.716+01:00"While it's well-known that TIPS don't really repr..."While it's well-known that TIPS don't really represent any sort of market-implied inflation forecast"<br /><br />Thanks for that MM, but someone really ought to tell that to the PM's traipsing before the cameras on Bloomberg and CNBC. The inflation "predicting" calculations for TIPS always remind me of the gyrations involving the worth of a POS tech company that happened to own shares in a flavor-of-the-week darling--invariably with the conclusion the one could buy the favorite "at a discount." How'd that work out?<br /><br />Anyway, I've been trying to think of a good way to say what you said about TIPS for some time. Thanks!But What do I Know?noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-68318931556102064622009-06-02T10:56:56.184+01:002009-06-02T10:56:56.184+01:00Geert, it was stronger than expected (by 0.1% m/m)...Geert, it was stronger than expected (by 0.1% m/m), but still negative. That spending still fell in a month where aggregate incomes rose half a percent is, I think, the telling thing.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62122860378440119782009-06-02T10:40:25.248+01:002009-06-02T10:40:25.248+01:00I can understand the source of income (tranfer pay...I can understand the source of income (tranfer payments) and the tucking away of it (increased savins) but they add stronger than expected spending. <br />I just cannot fit in the latter.<br />GeertAnonymousnoreply@blogger.com