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Macro Economist
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I am a 13 year veteran of the buy-side, with over a decade of experience in Investment Management, at one time overseeing several billion dollars in hedge fund assets for institutional clients. Currently, I advise wealthy families on their investment portfolios as well as trade my own money. ... More
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  • This Is Not Normal And Its Not Good 2 comments
    Jul 18, 2012 11:58 AM | about stocks: TLT

    Look folks, this is not normal. This is where rich people go when they're shatting in their pants.

    And if you tell me that bonds and stocks will rally concurrently, then you are clearly not rich.

    (click to enlarge)

    Source: Bloomberg

    Disclosure: I am short EEM, IWM, JJC.

    Stocks: TLT
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    ME-

    Does this chart say the swiss 30 year is 1.05%; and 5 years and less are negative??? That cannot be right. Where is this from?
    18 Jul 2012, 05:22 PM Reply Like
  •  
    It does say this, it is true, it's from my Bloomberg terminal, and it's not good at all.

    Even if it's fear, even if it's irrational, it's happening. There is an exodus out of the banks of "unsafe" countries into safe havens. That in and of itself creates the catalyst for collapse since banks cannot fund themselves without deposits (add to the mix fractional reserve banking).

    Back to my contemplating jumping out the window...
    18 Jul 2012, 05:36 PM Reply Like
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  • You cannot be serious on this mid day equity rally in the midst of an even stronger bid to bonds (the smart money)
    Apr 5, 2013
  • Will I ever get apologies from those who harassed me telling me I was a horrible Macro Economist and wrong about bonds? I doubt it.
    Apr 5, 2013
  • Why are bonds bid? Stocks are the "only game in town." Laugh Out Loud...You will all see how screwed the world is.
    Mar 19, 2013
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