Daniel Harrison
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@84 and 91 - Simple. Manipulating economic figures in the US assumes that the US is the only market trading in the world. So for example, if US shows imports from Japan rising 10%, then the Japanese data has to show exports to USA fulfilling that rise. re: encouraging positive newsflow, well, policymakers do do that the whole time. Many told us the economy was "fundamentally sound" only weeks ago. It only ends up hurting people.
@18 nope - i'll continue to offer all the views on the broker notes rather than just re-write bloomie @19 well spotted! sorry my english dating system getting the better of me this am!
@ 2 - Actually, when you look at what I said, it was right on the money ... "you little fucker"
@ 5 these are Yiping's words, not those of my inner bitch @ 6 Yes, just click the dealbreaker logo at the top
As far back as May GS said that oil may get to $200 - at the same time as forecasting a global economic downturn. It was always an odd mix of predictions.
@ 10 There may be a clip somewhere later today. Thanks for asking!
@3 except for energy, yes
@6 Steel has a different weight-to-value ratio than other metals. Also, steel requires dry bulk shippers (who also carry stuff like grain, coal and iron ore).
@2 agreed that waiting to Nov 5 is an interesting, and fundamentally sound idea. Not one you're likely to hear from many financial advisers, either.
@1 I see what you mean by that. I figured it was worth explaining, but if it irritates everyone I won't include them.
It was always done, I've been saying that for days. The problem is that financial journalists (and bloggers) have NO idea of how the banking system works, so they rush on the "doom and gloom" cart to get more readers. Anyone who took the time out to actually talk to the guys at Mitsubishi knew it was done yesterday!