Interestingly, TIPS are once again rallying big today, breakeven inflation expectations barely edging down. We're something like 65 bps above the Jackson Hole 2010 levels, making it tough for Fed doves to argue deflation expectations.
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Global Macro Trading Journal
- Thread starter Daal
- Start date
Central planning fail.
It took about 60 days for the market to take back all the fake gains it made in the months of QEII.
The good part is the Beard finally delivered on his promise of lower interest rates - the 10 year now firmly lower in yield than it was on the day he gave his Jackson Hole speech.
And now QE3. God help us all.
It took about 60 days for the market to take back all the fake gains it made in the months of QEII.
The good part is the Beard finally delivered on his promise of lower interest rates - the 10 year now firmly lower in yield than it was on the day he gave his Jackson Hole speech.
And now QE3. God help us all.
Faber: Markets incredibly oversold.
http://www.youtube.com/watch?v=e5FXYTRmoL0
It will be interesting to see how precious metals and CHF will react to a rebound.
He also comments on his personal portfolio.
20%-25% stocks
25% real estate
20%-25% precious metals
25% corporate bonds
Makes good sense I would think once your networth goes in the millions.
Obviously many find it hard to retain such discipline and prudence too often being overweight one specific asset.
http://www.youtube.com/watch?v=e5FXYTRmoL0
It will be interesting to see how precious metals and CHF will react to a rebound.
He also comments on his personal portfolio.
20%-25% stocks
25% real estate
20%-25% precious metals
25% corporate bonds
Makes good sense I would think once your networth goes in the millions.
Obviously many find it hard to retain such discipline and prudence too often being overweight one specific asset.
THE USD.CHF WILL RALLY GUARANTEED
Yep, my guess is that the mkt thinks the Fed will do more QE and therefore there's no reason to sell TIPS. I would beg to differ on the margins, so maybe tomorrow it's time to hit the magic button and sell some.Quote from Butterball:
Interestingly, TIPS are once again rallying big today, breakeven inflation expectations barely edging down. We're something like 65 bps above the Jackson Hole 2010 levels, making it tough for Fed doves to argue deflation expectations.
Quote from Debaser82:
According to news sources here... the ECB bought somewhere between 50 billion euro to 100 billion euro of Italian and Spanish bonds today....
Would it not be cheaper to buy the beaten down banking stocks and trigger a risk on rally that way?
Who are these sources?Seems like a massive amount
Quote from Daal:
Who are these sources?Seems like a massive amount
They had one of the country's most quoted economists turned journalist (http://www.amazon.com/Chicago-School-University-Assembled-Revolutionized/dp/1932841148) and the prime minister in the studio this night and it was the number given by the economist....
He said these numbers where not easy to come by but that were the numbers his sources named...