tag:blogger.com,1999:blog-34323687.post8289265701162785596..comments2024-03-28T00:23:22.838+00:00Comments on Macro Man: Inflation Pendulums, Nukes and Shoe ShopsMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-34323687.post-81773867022375592072011-04-13T09:21:29.979+01:002011-04-13T09:21:29.979+01:00My symphaties LB, up here in the North we can stil...My symphaties LB, up here in the North we can still get a pint for about 2-3 quid which means that just about any sob can get a kick on at will.<br /><br />I would note though that filling up the old VW is eyewateringly expensive as well as I sense that the weekly Tesco bill is getting bigger ... but hey, 4 is lower than 4.4 and this must be deflation then? or ... <br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45435495457635807112011-04-13T01:36:39.786+01:002011-04-13T01:36:39.786+01:00Can someone confirm the following facts( the wiki)...Can someone confirm the following facts( the wiki).<br /><br />By March 2009, it held $1.75 trillion of bank debt, MBS, and Treasury notes, and reached a peak of $2.1 trillion in June 2010. Further purchases were halted since the economy had started to improve. Holdings started falling naturally as debt matured. In fact, holdings were projected to fall to $1.7 trillion by 2012. However, in August 2010 the Fed decided to renew quantitative ....<br /><br />Regards, <br />The apprentice.FXnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80744882989688867192011-04-12T21:51:36.199+01:002011-04-12T21:51:36.199+01:00You know the old saying about the cure for an high...You know the old saying about the cure for an high price. Well regardless of other commentary I'd say energy prices more akin to the end of an expansionary cycle are going to do much more damage to growth far earlier when the 'expansion' we are in has not yet dealt with the high debt levels of a previous cycle.<br /><br />I'd say there is a lot of wishful thinking in energy costs ,but we'll see what that is worth if Japan, 2 speed Europe ,UK and a US approaching the end of QE can't deliver growth up to expectations.In that case the old saying will turn out to be right yet again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49426247116168007552011-04-12T20:29:29.028+01:002011-04-12T20:29:29.028+01:00I'm not betting on oil going to $150 either, b...I'm not betting on oil going to $150 either, but I definitely wouldn't bet against it.<br /><br />I'm fairly convinced this is real supply/demand, so either world growth slows appreciably, or oil starts rising again. <br /><br />So far, only drivers in the U.S. seem to be cutting back (gasoline sales down 3.5% YoY.) That's the point when things like casual dining started getting slammed in 2007, but it isn't clear what effect its having more broadly.<br /><br />In 2007/2008 emerging markets seemed to shrug off the price rises, and now they are an even higher share of consumption. Can they do it again? Or maybe the question is, for how long can they do it?Bob_in_MAnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63031002478425465402011-04-12T16:12:24.821+01:002011-04-12T16:12:24.821+01:00"Anyone have an idea about what it takes for ..."Anyone have an idea about what it takes for a journalist to find himself unemployed?"<br /><br />Easy, if you don't write a few hundred words of conventional wisdom or complete bollocks every day, they will fire you.<br /><br />Speaking of bollocks, TMM, the Bill Gross shorting Treasuries indicator is now 2/2...! Also we were "right" about crude, but a week early, aka "wrong".<br /><br />England does indeed have inflation, based on LB's recent foray into Sloanesville. One's drinks bill was frightening... shurely shome mishtake, TMM?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-24193412123442853452011-04-12T14:53:11.182+01:002011-04-12T14:53:11.182+01:00Noted that Munchau was back at it again yesterday....Noted that Munchau was back at it again yesterday. Three and a half straight years of getting it wrong - but with authority.<br /><br />Anyone have an idea about what it takes for a journalist to find himself unemployed?Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-39739308804019338662011-04-12T14:17:04.276+01:002011-04-12T14:17:04.276+01:00as much as I hate the fact that the fed is chronic...as much as I hate the fact that the fed is chronically behind the curve, I too am starting to wonder if the pendulum on inflation has swung too far.. is cotton going to $60, oil $150-200.. perhaps but i'm not betting on it.. inflation is not front page news but it is near the top of the headlines in the business sectionabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.com