February 4, 2009
From the estimable Albert Edwards of SocGen: Nothing moves down in straight lines. There will be little bounces. But our view is that investors can afford to be lazy and wait. There is not a cat's chance in hell that...
The following graph is from Paul Krugman’s site, and while there’s no denying a relationship between inflation/deflation and an output gap, the R-squared on this thing must be darn small, making the imposed line … optimistic....
The long bond is truly on tilt right now. Check the year-to-date on various Treasury durations, especially TLT. While everyone and their pet orangutan thought this would happen eventually -- heck, I proposed a curve steepener trade here a while...
Am out at at TED conference, but was scanning Naked Capitalism today and Yves is on an incredible roll. Her combination of slashing prose, intelligence and palpable irritation at what is happening in capital markets is wondrous to behold. Go...
I'm out at the TED Conference in Long Beach, CA, for the balance of the week. Posting here is likely to be slow. (I say that regularly, of course, and then turn out to be wrong.)...
