{"id":16,"date":"2010-10-08T18:21:39","date_gmt":"2010-10-08T22:21:39","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/ajworld85\/2010\/10\/08\/comment-on-markets\/"},"modified":"2010-10-08T18:21:39","modified_gmt":"2010-10-08T22:21:39","slug":"comment-on-markets","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/2010\/10\/08\/comment-on-markets\/","title":{"rendered":"Comment on markets"},"content":{"rendered":"<p>Dow 11,000 eh? It seems that the equities markets have now completely lost their minds. As much as I wish for a recovery, this is simply not a sustainable solution. A few weeks back we were afraid of bad news, and almost as if someone flipped a switch, everyone is now praying for more bad ( economic) news. Why? So that qe2 can get underway. This corresponds with my &#8220;pain management&#8221; theory. This country is simply looking for more painkillers, and is largely uninterested in solving any issues at the fundamental level.<\/p>\n<p>Now, part of me is hoping for a complete 360 from bernanke, such that we&#8217;ll actually tighten monetary policy and blow all these overzealous morons out of the water. Oh wait, that includes me too.<\/p>\n<p>Something else I&#8217;ve been playing with is the relationship between the Chinese stimulus circa 2009, china&#8217;s infrastructure\/high speed rail spend, and the demand picture for related commodities like iron ore\/steel and aluminum. I&#8217;m wondering if it is a good idea to shrink the timeline for any macro plays on iron ore and coking coal, to minimize the effects of a possible drop off in demand from China. Still have to wrestle this out, but it&#8217;ll probably be my next project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow 11,000 eh? It seems that the equities markets have now completely lost their minds. As much as I wish for a recovery, this is simply not a sustainable solution. A few weeks back we were afraid of bad news, and almost as if someone flipped a switch, everyone is now praying for more bad [&hellip;]<\/p>\n","protected":false},"author":1475,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1657],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-blogroll"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/users\/1475"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/ajworld85\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}