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Global Macro Trading Journal
- Thread starter Daal
- Start date
Aussie decoupling from risk assets?
http://www.robertsinn.com/2011/11/17/what-is-the-australian-dollar-trying-to-tell-us/
Go man, go.
http://www.robertsinn.com/2011/11/17/what-is-the-australian-dollar-trying-to-tell-us/
Go man, go.
100% unfair in this specific case. As I said repeatedly now, I have nothing against Bass in particular. I have a beef with people like Bass. I have given you a few sample names. In contrast, to give you an example of someone I have a lot of respect for, I really like Ray Dalio. Talk about someone who consistently makes money for investors. He almost never appears on TV, but I really do have a lot of admiration for his thought process, diligence and level of detail. Obviously, based on what little I know of him.Quote from benwm:
I think sometimes when you're presented with an alternative viewpoint that doesn't quite fit into your own way of thinking you're quite dismissive of that person, perhaps not deliberately so, but maybe morganist holds a different opinion.
ralph00 put it best when he wrote, "Your dislike of a guy like Bass seems to have more to do with the message he is delivering?"
Unfair?
If there have been other cases where I have been unfairly dismissive of people, pls point them out to me.
http://blogs.ft.com/martin-wolf-exc...lly-have-a-public-debt-problem/#axzz1dyq6xjNg
Here Wolf raises a possibility for solving Japan's debt problem. Buying back its own debt after they decline(But first extending their avg maturity)
I have never read about this strategy before(Or maybe I have, the instances of governments 'printing money' to pay their debts might be just that)
Here Wolf raises a possibility for solving Japan's debt problem. Buying back its own debt after they decline(But first extending their avg maturity)
I have never read about this strategy before(Or maybe I have, the instances of governments 'printing money' to pay their debts might be just that)
Quote from Martinghoul:
In contrast, to give you an example of someone I have a lot of respect for, I really like Ray Dalio. .
I will check out Dalio.
Personally, I like Niall Ferguson - although he's more of a historian than a economist.
In fairness, having now watched the Hard Talk interview with Bass, he did come across as a bit of a dick when he said,
"in Japan...they are the most xenophobic society in the Western word"
Japan's debt relative to GDP has been off the chart for years, but presumably having a "xenophobic society" is rather good because they willl continue to prefer buying domestic JGBS rather than foreign bonds. Less than 10% of JGBs are bought by foreigners and so long as the Japanese are willing to re-invest their money into Japan Inc the situation can continue...
Mind you, there is not a great deal of downside selling JGBs when the 10 year yield is below 1%, so from a trading perspective probably quite a decent risk reward short play here.
Quote from ralph00:
No one gets creamed listening. Be promiscuous in your research, selective in your trading.
Indeed. Personally I don't care if a guy has got 100% of his last trades correct. If the idea he's currently touting sounds fishy to me, then it's useless. History has nothing to do with future performance, which is why it can be dangerous for people who follow a certain personality and think one of their trade ideas is good because they've been right x amount of times in the past, or made x amount of money for investors last year.
I'm speaking generally, not necessarily about the Bass topic.