tag:blogger.com,1999:blog-2761684730989137546.post1002973499610542018..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Then again...mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-54481542268630069072009-05-23T01:02:33.882-04:002009-05-23T01:02:33.882-04:00Can anyone explain in broad strokes what the heck ...Can anyone explain in broad strokes what the heck is going on with the USD/GBP and USD/EURO, the Treasuries, price of gas/oil, UK downgrade making the Quid/Pound stronger, what the Fed is going to do with interest rates ?<br /><br />All the talk about a market pullback has been hogwashed by the fact that it did not stall nor pullback ...<br /><br />The dollar is getting weaker - the linkage is still there from last Fall and before -> gas goes up > pound goes up > market goes up > dollar goes down > nothing has changed in the dynamics ...<br /><br />Is there going to be a pullback or not ?<br /><br />Should I dump my dollars into a EURO or POUND account ?<br /><br />Anyone know how?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16404332511224007572009-05-22T13:39:57.406-04:002009-05-22T13:39:57.406-04:00Looks like your moment to go long Tsy's may be arr...Looks like your moment to go long Tsy's may be arriving sooner than we thought, and with little fear of the Fed raising in the near term. We'll see. TBT would have been a good thing to be in today, though.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13117004119474071962009-05-22T11:51:01.399-04:002009-05-22T11:51:01.399-04:00It's all a very quick, once and done, with bonds r...It's all a very quick, once and done, with bonds recovering to pre-downgrade levels eventually.<br /><br />Unless...it coincides with the Fed raising rates. Then it is complete disaster and not for the reasons that these debt idiots are talking about, but it won't matter. That's what they'll say and that's what everyone will believe. <br /><br />Then it's time to find another home. Another country.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16937797828912233632009-05-22T11:24:28.766-04:002009-05-22T11:24:28.766-04:00Mike,
FWIW I think your call here is the Contraria...Mike,<br />FWIW I think your call here is the Contrarian position.<br />I can find few (Hugh Hendry in the U.K. only one that comes to mind) on any media outlet that takes a similar position on bonds.<br />Even Bill Gross "Bond King", said a downgrade was prob. inevitable on Bloomberg yesterday citing a future Debt to GDP ratio.<br />I got cold called from a commodity broker yesterday to go long gold and short dollar citing the usual negative blather as his sales pitch.<br />Resp, MattMatt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com