tag:blogger.com,1999:blog-14963913.post415183155071080993..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: Odds and Ends - WednesdayKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-14963913.post-82405741594429901682010-09-16T13:05:05.047-04:002010-09-16T13:05:05.047-04:00Channel check time because I know, KD, that you lo...Channel check time because I know, KD, that you loves some of that there channel checking. We are remodeling two of our bathrooms. Buying various stuff like vanities, lights, plumbing fixtures etc. I'm blown away by how much of it is "backordered." We are buying relatively high end but not exorbitant, Axor for example. What this tells me is that demand is not where it needs to be for businesses to stock inventory. Or, businesses are still having trouble with working capital lines to be able to stock. FWIW.Danielhttps://www.blogger.com/profile/15018793399599951413noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-85057912016111327092010-09-15T13:50:42.916-04:002010-09-15T13:50:42.916-04:00Greycap - I was thinking about you and Nemo this m...Greycap - I was thinking about you and Nemo this morning as I read the Pimco story. Isn't this exactly what I was talking about before in the Nemo thread? Inflation expectation pricing is being understated (deflation overstated) by The Market, and that's why Pimco is taking the other side... in their own words, "“The options were priced at rich levels to the underlying” risk,"<br /><br />said differently, the Inflation Floors are pricing in too much deflation (which is the same as too little inflation, right?).Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-16688121697131422292010-09-15T12:38:38.898-04:002010-09-15T12:38:38.898-04:00You are right on, KD - this trade is best viewed a...You are right on, KD - this trade is best viewed as monetizing an existing short inflation position, rather than putting on an anti-deflation bet. The attractiveness of the trade depends mostly on the richness of the floors, aka demand.<br /><br />See, we don't really disagree about the mechanics :-)Greycapnoreply@blogger.com