Hidden Truths
December 17th, 2009 admin
Macro Man isn’t sure that we learned much from the FOMC last night, but that doesn’t mean that markets have receded into a pre-Christmas stupor. It’s hard to know what the DGDF crowd was looking for…but whatever it was, they certainly didn’t get it. Cue the by-now predictable battery of stop losses from dollar shorts and, dare we speculate, initiation/expansion of dollar longs by the CTA community. In any event, one could argue that there was a significant development last night, via S&P’s downgrade of Greece and maintenance of a negative watch. Greece will soon be knocking on the door of the lower threshold of eligible ECB collateral; one doesn’t need a terribly vivid imagination …
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Nishitaa01 (Nishita) : Dus me hoofd is spang man. Pfff kut macro economie. Hoofdpijn en shit.. Updated : 2010-09-06T13:56:47Z | Reply | View Tweet |
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dennisgjones (Dennis Jones) : Love this commentary and even more the chart @macroman http://bit.ly/9pPzUa Mirror, mirror, on the wall.. Updated : 2010-09-06T13:45:43Z | Reply | View Tweet |
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porkyporks (Porky Lim) : @J_LeeJ was in la. Fuck man. My macro lecturer is thai. The only thing I hear outta her mouth is tequila... Updated : 2010-09-06T07:48:24Z | Reply | View Tweet |
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RealEconomy (The Real Economist) : Macro Man: Don?t sell 'til you see the whites of their socks: http://bit.ly/cXPCTp.. Updated : 2010-09-06T07:00:43Z | Reply | View Tweet |
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alkanphel (JW) : @hai_ren That's one hardcore macro lens man.. Updated : 2010-09-06T03:42:53Z | Reply | View Tweet |
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