About me
I’m executive editor for Bloomberg Markets. I used to be the US financial correspondent for the Financial Times. Before that I was deputy editor and a reporter for FT Alphaville, the FT’s award-winning finance and markets blog. I like forensic accounting, financial crisis hindsight, and kittens.
I use this site mostly to collect and reflect on my own work.
Sometimes I scribble down random thoughts too.
Hi Tracy, in the MMT podcast with Stephanie Keaton you mentioned the disappearance of the bond vigilantes exactly when they start knocking on the door – don’t speak too soon!
Hi Tracy what keeps you going?
Hi Tracy! I’m new to your site. Nice to meet you. Are used to work in Asian equities for 13 years and would go to Hong Kong every year for the Hong Kong rugby sevens tournament.
I saw your tweet on what will happen to the fire movement during a downturn. And the most likely outcome is that many people will fail and have to go back to work. After eight years of being unemployed, I don’t think I can hack it anymore and I’m going to look for a job in 2020. It was a good run. But all good things must come to an end.
Sam
Tracy,
Big fan of Odd Lots. Have a recommendation. Your last podcast on the dollar with David Beckworth was good but I think he “swung and missed” on the Ballwin/Hawley bill. You might what to have Michael Pettis on for this thoughts. I wrote about it here.
https://www.confluenceinvestment.com/wp-content/uploads/weekly_geopolitical_report_9_16_2019.pdf
Your recent interview with Mitu Gulati was terrific, and much broader than the specifics of 1MDB.
Very rare to see [hear] a financial journalism interview that’s this well prepared on such a complex subject. Does beg the question of a follow-up to explore just who swayed Malaysia to extend sovereign guarantees when it didn’t have to . . .
HI Tracy what keeps you going?!
Caffeine and chocolate.
Dark Chocolate!
Tracy,
Trying to reach directly to talk to you about a speaking opportunity, where would I reach you?
Given what you reported about in “Odd Lots: Americans Are Miserable, and It’s Swaying the Election” on April 25th, you might be interested in my new short book ConsterNation!~ The Economics Behind The Angst.
Great blog. Your articles in Bloomberg Markets’ Forward Guidance keeps me up to date on things I don’t have time to ponder, yet have noted that I should be pondering. And thanks for your past contributions at FT.
Tracy,
Do you think American economy can sustain repeated volatility caused due to Chinese shocks?
Thanks,
Reddy
Tracy,
Do you think America can sustain repeated volatility caused due to Chinese shocks?
Thanks,
Reddy
In your article in Bloomberg today you reference industrial production slippage disappearing ‘faster than an East Texas jackrabbit’. As an east Texan, I was certainly amused, What’s with the reference?
Bah, meant West Texas in reference to the oil fields around Midland/Odessa. Greetings from a (semi) Texan, currently jet-lagged in Hong Kong.
Tracy,
I read your article about credit card applications. I can honestly say I have personally found a way to rid of 99% of applications in the mail. I made a rubber stamp that says: Due to potential security risks, Do Not Mail to this address again! Future Mailings may initiate court proceedings. Thank You
I stamp this on the application and mail it back in their envelope at their expense.
I never hear from the same company again. I receive catalogs constantly but the credit card applications have disappeared.
Thank you for the five strange things piece on Bloomberg. Good imagination, excellent evidence. Want to nudge you into educating me further. Tidjane at Credit Suisse just pulled all his European primary dealer licenses, because the business doesn’t generate a return on capital, thin spreads, higher risk weighting on govies (e.g. Sweden). Will other banks (Deutsche, HSBC?) follow his lead? And do we eventually get a government bond liquidity strike?
Poor oil companies. They have forward priced oil and are paying spot price to royalty owners which usually will be from 1/4 to 1/5. There are no lease terms ever offered this good. The money they are making may not be as great as it once was but for the time being they probably making a lot more than when oil was $100 a bbl.
Stephen
Hi Stephen- can you help me understand your point? If the market is in contango, won’t the oil companies be losing money paying oil producers on the spot market? Or are you saying that they had a futures contact locked in that is higher that the spot market?
Hey Tracy,
Your fan from Turkmenistan here; just watched you talking about Moral Hazard in issuance of bonds in China and its rate of increase. In a socialistic country, especially with a centuries of experience like that of China, it is not state policy to talk publicly about shortcomings, crimes or other panic inducing events. Everything a state does is the absolute point of reference and is not a subject to discussion.
Greetings Tracy! You certainly bring spark to BLMBG Surveillance.
I wanted to know if you have read The Silo Effect by Gillian Tett and if so what your thoughts are.
All the best on your (new) venture.
Charlie
re the Piggly Wiggly corner — cornering markets has a big history – here’s my favorite, cornering the copper market in 1907 led to the creation of the Federal Reserve to protect Wall Street/US banking industry from its greedy rogue players
https://en.wikipedia.org/wiki/Panic_of_1907
Thanks for your kind words Michael.
I do still occasionally write on Alphaville – you can find my posts here:
http://ftalphaville.ft.com/author/tracyalloway/
I was sorry to learn you are no longer writing for FTAV. I guess that amounts to a promotion for you? Anyways, congratulations, but readers will miss you at FTAV. How about a weekly cameo/guest post? Or would that amount to violating the division between Church & State at the FT?
Rgds
Michael