In this week's podcast, I go all existential to reveal my conversations with inanimate objects in generating macro narrative - I examine the dollar-yen cross - and go all paranoid schizophrenic "Could it really trade thro' 155 if not return to 200 ???" my voices ask?
Don't short the yen quite yet...but my medical examiner's certificate tells me that if the direction persists and we take out 125 / 135 the power to the upside would be so considerable that you would need to check your macro premises
So these aren't projections but rather my attempt at throwing light on the inspiration for macro trades - think of it like method acting for macro projections and Me? Well I'm the methodman dropping some beats inside my head...
For the moment, it's not a trade, its absurd. But then, I remember my investor beat from 2005 that if you think the future is inflationary, buy bonds! That gold could only trade $3k if first rates hit the skids and touch zero...I still believe we continue to live in absurd times
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