Charade?
Summary
Discussion of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
Last Time Out
"25-54 yr old prime earners peaking at 101083 in Nov 2007; today at 97628, for a net decline of 3.5M prime earning jobs during this "recovery". No real jobs, just McJobs for McPay."
"Above note, 55yrs+ in Nov 2007 at 26376, now at 34353, for a net increase of 8 million employed. Not for sheer enjoyment and mostly out of economic necessity. The above attests to no real jobs, just McJobs for McPay and work till you die?" - 08/08 - Best Performance?
Trebek queries: an absurd pretense intended to create a pleasant or respectable appearance. What is...
A Charade?
Romance and suspense ensue in Paris as a woman is pursued by several men who want a fortune her murdered husband had stolen. But who can she trust? Directed by Stanley Donen, written by Peter Stone and Marc Behm, and starring Cary Grant and Audrey Hepburn. The cast also features Walter Matthau, James Coburn, George Kennedy, Dominique Minot, Ned Glass, and Jacques Marin.
With one of cinemas classic pairings, the film is notable for its screenplay, especially the repartee between Grant and Hepburn, for having been filmed on location in Paris, and for Maurice Binder's (of Bond film fame) dazzling opening sequence titles and Henry Mancini's suspenseful theme song. Charade spans three genres: suspense thriller, romance and comedy and has also been referred to as "the best Hitchcock movie that Hitchcock never made".
Charade was remade as The Truth About Charlie (2002). Starring Mark Wahlberg and Thandie Newton. Directed by Jonathan Demme. Peter Stone so disliked the remake that he refused his story credit on it, and is instead credited as Peter Joshua, one of Grant's character's aliases in Charade.
A rise in LIBOR, eurodollar futures and repo fails, what hiding there? The "dollar", suitable collateral, a lack thereof on both, duration mismatches in riskier carry trades, and the ensuing liquidity issues when those positions unwind in a thinly traded market? Moving West...
Perhaps we can find answers in the recent sell off in bonds which raised the yield curve and in particular the long end.... lets ignore any MSM misdirection or disinformation aka inflation or increased monetary flows via economic recovery and get to the bottom of this Charade....
As noted above, market rates are rising (US dollar Libor) and dislocating from the "natural" rate which has been negative for quite some time. Is this a byproduct of misguided monetary policy implemented by those who think to control the "natural" rate and influence market rates and an entire economy by targeting a single rate? But, I digress.
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Discussion of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
- Rising Libor and Bond Yields
- Negative Swap Spreads, Eurodollar Curve, Repo Effects
- Compliance, Expectations, Liquidity, Fed Action
Last Time Out
"25-54 yr old prime earners peaking at 101083 in Nov 2007; today at 97628, for a net decline of 3.5M prime earning jobs during this "recovery". No real jobs, just McJobs for McPay."
"Above note, 55yrs+ in Nov 2007 at 26376, now at 34353, for a net increase of 8 million employed. Not for sheer enjoyment and mostly out of economic necessity. The above attests to no real jobs, just McJobs for McPay and work till you die?" - 08/08 - Best Performance?
Trebek queries: an absurd pretense intended to create a pleasant or respectable appearance. What is...
A Charade?
Romance and suspense ensue in Paris as a woman is pursued by several men who want a fortune her murdered husband had stolen. But who can she trust? Directed by Stanley Donen, written by Peter Stone and Marc Behm, and starring Cary Grant and Audrey Hepburn. The cast also features Walter Matthau, James Coburn, George Kennedy, Dominique Minot, Ned Glass, and Jacques Marin.
With one of cinemas classic pairings, the film is notable for its screenplay, especially the repartee between Grant and Hepburn, for having been filmed on location in Paris, and for Maurice Binder's (of Bond film fame) dazzling opening sequence titles and Henry Mancini's suspenseful theme song. Charade spans three genres: suspense thriller, romance and comedy and has also been referred to as "the best Hitchcock movie that Hitchcock never made".
Charade was remade as The Truth About Charlie (2002). Starring Mark Wahlberg and Thandie Newton. Directed by Jonathan Demme. Peter Stone so disliked the remake that he refused his story credit on it, and is instead credited as Peter Joshua, one of Grant's character's aliases in Charade.
A rise in LIBOR, eurodollar futures and repo fails, what hiding there? The "dollar", suitable collateral, a lack thereof on both, duration mismatches in riskier carry trades, and the ensuing liquidity issues when those positions unwind in a thinly traded market? Moving West...
Perhaps we can find answers in the recent sell off in bonds which raised the yield curve and in particular the long end.... lets ignore any MSM misdirection or disinformation aka inflation or increased monetary flows via economic recovery and get to the bottom of this Charade....
As noted above, market rates are rising (US dollar Libor) and dislocating from the "natural" rate which has been negative for quite some time. Is this a byproduct of misguided monetary policy implemented by those who think to control the "natural" rate and influence market rates and an entire economy by targeting a single rate? But, I digress.
This missive was published as an exclusive to Seeking Alpha. To access the ENTIRE text for FREE on Seeking Alpha, please click here. The Nattering One does not receive remuneration if you register, only satisfaction.
There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
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