好評のマクロファンドからの手紙

今回の分は11月21日のチャットの分だということで。。。

Policy needs to get much more proactive to put a floor on economy

and on markets: US treasury dropping the ball, Bush must appoint

Obama' choice to Treasury (Volcker, summers, Geitner) and he

must use up the next 400bn to give more capital to banks, actually

buy toxic assets but since that won't happen, Fed must cut to

zero and buy GSE paper + MBS + corporate bonds

Q1 seems like a good time to get long though stocks globally

are already dirt cheap.