Long-time readers may recall the all time great rant in the history of this space, which took the form of an open letter to Gordon Brown on UK immigration policy. Alas, the stamp that Macro Man acquired in his passport during that episode expires on Monday, and he is therefore compelled to journey to the armpit of the universe, Lunar House in Croydon, to acquire another. Not that this episode was without drama, of course; when Macro Man rang the immigration people on Monday to get an appointment, he…

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Macro Man only has time for a quickie this morning, as he faces an hour’s journey each way to get fitted for a sports knee brace. At long last, his torn-ACL nightmare is nearly behind him (knock on wood), as he has been cleared to resume sporting activities next month. Macro Man had to laugh last night at the resumption of an activity of...
Macro Man recently had an unfortunate experience with one of his brokers. Dialling a 24-hour line, he left an order at about 8 pm London time with the New York desk to execute a couple of trades in the Asian time zone. Waking up the next day, Macro Man searched his Bloomberg messages for the confos….but alas, none were forthcoming. When he...
Should I stay or should I go? There must be more than a few people humming the old Clash tune with regularity these days. Not that there’s anything wrong with that- it might be Macro Man’s second favourite Clash song after London Calling- but consider the following: * Bankers, hedge fund/private equity managers, and similar “leeches...
Yes, Macro Man knows that it isn’t Monday. But many risk assets are performing like your average commuter feels on a typical Monday morning…tired, uninspirred, and wishing it were the weekend. OK, AUD has the excuse that the RBA failed to hike rates last night, though the statement probably couldn’t have been more hawkish if they...
You don’t always have the time trading by yourself. And robots aren’t a good substitute for a human. Managed accounts aren’t always accessible. A new program announced by Currensee aims to supply trade experts that you can follow and trade like them. And those experts are rewarded as well… The advantage for expert, leader...
Man, it was all looking pretty good there for a while. Futures were up (courtesy of the new Monday effect , which funnily enough is the opposite of the old Monday effect ), the Greek book-build went well, and AAPL earnings blew expectations out of the water. It was almost enough to make Macro Man forget the torch-and-pitchfork-carrying mob…....
Some people just like a good moan every so often. Take, for example, your intrepid author; when the morning train service faces yet another severe disruption (courtesy of a fire in the London Bridge area ), does he resignedly shrug his shoulders and adopt the standard “musn’t grumble” attitude of the plucky Brit? No! He instead seizes...
The dollar gained back some of the losses amid a light calendar. Also today, there aren’t any huge events, but there are some indicators that will move currencies. Let’s see what’s up for today. British BRC Retail Sales Monitor began the day with a rise of 2.2%. This can hint about the official retail sales figure. The RICS House...
Some American Congressman are dissatisfied with the CFTC’s proposed leverage limit of 1:10 in forex trading . This is a result of pressure that came from the public and forex dealers. The fight for the US forex industry is still on. Here’s an update. The CFTC wants to limit leverage to “protect the public”. That’s what...
The number of unemployed people fell again in Britain, quite impressively. This doesn’t seem enough for the Pound. The key is in the hands of Mervyn King, which sees the dark side of the economy. Claimant Count Change, the earliest and most important indicator for British employment, fell by 15,200 jobs in December. This is the second month...
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