Brian Lucey's Tweets

nuj

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From Brian Lucey's Twitter brian lucey (brianmlucey) on Twitter

@paraicgallagher @davidcochrane nope. Bberg is average of midquoted (bid-ask). Ther were hundreds of trades over 8%. (from about 12 hours ago)

# Bond yields up 1/2 a percent on open. (about 11 hours ago via Twitter for iPhone).

Grant, Brynjolfsson Interview About Ireland Debt Crisis - Video - Bloomberg /via @DublinMailDrop We have 60 days cash left... #illtakethatcheesenow

Three of his many tweets today, every one of them wrong.

1) Bloomberg, as their website says, takes bid yields, not an average. Secondly, as I've linked elsewhere http://www.politics.ie/economy/142213-bond-yields-where-they.html#post3150270, there were not "hundreds of trades over 8% yesterday". There weren't even hundreds of trades. And none of them were over 8% That's three errors in 140 characters.

2) Bond yields were not up 1/2% on open. The ten year closed at 7.95% yesterday, and dealt over 8% for the first time since 1996 in mid-morning. Given that "hundreds" of trades, according to Lucey, occurred at over 8% yesterday, how can this be?

3) This one's the worst. Some random stockbroker in Dallas opines on Bloomberg TV, no doubt in an attempt to boost either his own or his clients' positions, that Ireland will run out of cash in 60 days.

Lucey tweets the link and headline without comment - despite having no excuse for not knowing the Dallas stockbroker's claims were, at best, misguided. He should have known the most likely reason for them was plain self-interest, possibly an attempt to close a position before year-end. Lucey therefore behaves like a shill for this guy. As someone put it on IrishEconomy.ie -

“You cannot hope to bribe or twist
Thank God! a plump economist
But seeing what the man will do unbribed
There seems no reason to”.

They're just 3 out of 50+ tweets in the last 24 hours.

That's not a bad day's work, all told. Wonder how he fits in lectures.
 


Luigi Vampa

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From Brian Lucey's Twitter brian lucey (brianmlucey) on Twitter

@paraicgallagher @davidcochrane nope. Bberg is average of midquoted (bid-ask). Ther were hundreds of trades over 8%. (from about 12 hours ago)

# Bond yields up 1/2 a percent on open. (about 11 hours ago via Twitter for iPhone).

Grant, Brynjolfsson Interview About Ireland Debt Crisis - Video - Bloomberg /via @DublinMailDrop We have 60 days cash left... #illtakethatcheesenow

Three of his many tweets today, every one of them wrong.

1) Bloomberg, as their website says, takes bid yields, not an average. Secondly, as I've linked elsewhere http://www.politics.ie/economy/142213-bond-yields-where-they.html#post3150270, there were not "hundreds of trades over 8% yesterday". There weren't even hundreds of trades. And none of them were over 8% That's three errors in 140 characters.

2) Bond yields were not up 1/2% on open. The ten year closed at 7.95% yesterday, and dealt over 8% for the first time since 1996 in mid-morning. Given that "hundreds" of trades, according to Lucey, occurred at over 8% yesterday, how can this be?

3) This one's the worst. Some random stockbroker in Dallas opines on Bloomberg TV, no doubt in an attempt to boost either his own or his clients' positions, that Ireland will run out of cash in 60 days.

Lucey tweets the link and headline without comment - despite having no excuse for not knowing the Dallas stockbroker's claims were, at best, misguided. He should have known the most likely reason for them was plain self-interest, possibly an attempt to close a position before year-end. Lucey therefore behaves like a shill for this guy. As someone put it on IrishEconomy.ie -

“You cannot hope to bribe or twist
Thank God! a plump economist
But seeing what the man will do unbribed
There seems no reason to”.

They're just 3 out of 50+ tweets in the last 24 hours.

That's not a bad day's work, all told. Wonder how he fits in lectures.
Firstly according to Frank it's " € 8 a bond."

Secondly

Two things have delayed Ireland’s funeral. First, in anticipation of being booted out of bond markets, the Government built up a large pile of cash a few months ago, so that it can keep going until the New Year before it runs out of money. Although insolvent, Ireland is still liquid, for now.If you thought the bank bailout was bad, wait until the mortgage defaults hit home - The Irish Times - Mon, Nov 08, 2010
 

nuj

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And has he the right to fail a student? (I never even got the chance to mention his "sell the Anglo deposits" debacle in my original post, but it's nice to be able to put that right).
 

GDPR

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They're just 3 out of 50+ tweets in the last 24 hours.

That's not a bad day's work, all told. Wonder how he fits in lectures.
The more he does it the more he exposes himself for the pretentious twat he is.
 

sport02

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I think you will find our state broadcaster RTE quoted bond rates over 8% today and yesterday, along with CNBC.
Who is to say Bloomberg are correct.
Also how can the price keep flucuating, without trades, if there is no trading in shares, the price remains static.
 

nuj

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Lucey quoted them as over 8% yesterday. "Hundreds" of deals.

Of course they're over 8% today, I said that in my OP.
 

sport02

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What exactly do you mean?
Bloomberg never show our bond rate on the screen and rarely talk about it.
The guys in CNBC, show our rate over 8% and discuss that figure with analyists, I don't think they are going to get it wrong in fairness.
 

nuj

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Any chance of getting back on topic - i.e. Lucey's appalling and inexcusable inaccuracies.

Christ knows, things are bad enough in reality without that jackanapes making them out to be even worse.
 

Luigi Vampa

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Any chance of getting back on topic - i.e. Lucey's appalling and inexcusable inaccuracies.

Christ knows, things are bad enough in reality without that jackanapes making them out to be even worse.
I find them reassuring.
Hard luck lads but on the most important point he's 100% correct

Two things have delayed Ireland’s funeral. First, in anticipation of being booted out of bond markets, the Government built up a large pile of cash a few months ago, so that it can keep going until the New Year before it runs out of money. Although insolvent, Ireland is still liquid, for now.If you thought the bank bailout was bad, wait until the mortgage defaults hit home - The Irish Times - Mon, Nov 08, 2010
It's great to see FF lower mount street drones now trying to go after the independent economists who wont toe the Goebbels propaganda line. You really are getting desperate in that bunker now, but don’t worry lads, for you, soon the war will be over.
 

hmmm

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It's great to see FF lower mount street drones now trying to go after the independent economists who wont toe the Goebbels propaganda line.
What's with all the Nazi references on the site recently? Have a bunch of 15 year olds escaped supervision?
 

nuj

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A deposit is a liability of a bank, its loans are its assets. As in, the bank owes you your deposit.

Why don't you try selling your ESB bill to someone at face value, and see how you get on, if you're looking for an analogy. That's money you owe them.

Lucey is supposed to be a professor of banking...
 

GDPR

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Hard luck lads but on the most important point he's 100% correct



It's great to see FF lower mount street drones now trying to go after the independent economists who wont toe the Goebbels propaganda line. You really are getting desperate in that bunker now, but don’t worry lads, for you, soon the war will be over.
I understand your basic problem, you don't understand the issues so you can only attack other posters.

It maybe isn't your fault, but even so, it's not impressive.
 

Lord Wellington

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What's with all the Nazi references on the site recently? Have a bunch of 15 year olds escaped supervision?
It's not about National Socialism.

It's about propaganda.

Goebbels was a propagandist first National Socialist second.
 


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