Monthly Archives: October 2010

Breakup of the Euro isn’t unthinkable – Peer Steinbrueck

Posted on October 4, 2010 by macromon

Peer Steinbrueck, who served as finance minister under Angela Merkel from 2005 to 2009, has published, Unterm Strich (“On Balance”), his insider view of the financial crisis. It looks to be a fascinating read.  Bloomberg has a great first look: … Continue reading →

Posted in Black Swan Watch, Bonds, China, Credit, Geopolitical, Monetary Policy, Policy, Sovereign Risk | Tagged , , , , | Leave a comment

MS Poll: 53% Believe US Debt Crisis By 2012

Posted on October 4, 2010 by macromon

An interesting chart from the Business Insider of the results of a Morgan Stanley survey of 150 clients at a recent investment conference.   Shockingly, more than 50% of the investors polled believe the US will experience a sovereign debt … Continue reading →

Posted in Black Swan Watch, Bonds, Credit, Monetary Policy, News, Policy, Politics, Sovereign Risk | Tagged , , , | Leave a comment

Black Swan Watch: Cyberwarfare and Iran’s Revenge

Posted on October 3, 2010 by macromon

Computer World reports Iran has arrested several “spies” connected to a cyber attack on its nuclear program, “According to the Tehran-based Mehr News Agency, Heydar Moslehi, Iran’s minister of intelligence, said that “enemy spy services” were responsible for Stuxnet, the … Continue reading →

Posted in Commodities, Geopolitical, Gold, News, Politics | Tagged , , , , | Leave a comment

Release of New $100 Note Delayed…Printing Press Problems!

Posted on October 2, 2010 by macromon

We’re not making this up!  Though the “printing press” is  more metaphor than physical reality with respect to monetary policy, this news couldn’t be more timely!  To understand how the Fed electronically “prints” money click here. Here’s the money quote: … Continue reading →

Posted in Monetary Policy, News | Leave a comment

Ryder Cup Weekend Reading

Posted on October 2, 2010 by macromon

A little Ryder Cup fodder to pass the time during the rain delays.  Our faves, and your must reads,  are highlighted in green, in honor of Lula and the Brazilian elections this Sunday.  Click highlighted source to link to original … Continue reading →

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The Ketchup Trade

Posted on October 1, 2010 by macromon

We spoke yesterday how the “catch-up” trade, where laggards outperform,  may be the theme of the markets for the next few weeks.”  So far, so good.  They took the dawgs of Q3, the financials and the oils,  today.  Heinz (HNZ) … Continue reading →

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Bloomberg to Replace Geithner?

Posted on October 1, 2010 by macromon

The Washington rumor mill is buzzing!  Larry Kudlow just said a Washington insider told him Michael Bloomberg will replace Tim Geithner as Treasury Secretary.  The NY Post reported in early September the President had spoken with Bloomberg about the Treasury job.   Doesn’t he … Continue reading →

Posted in Policy, Politics | Tagged , , , | 2 Comments

John Bull’s Tsunami of Dollars Flood the Copacabana

Posted on October 1, 2010 by macromon

We have written how “the tide of yield seeking capital flows will surge” as John Bull can stand many things, but he can’t stand two zero percent. One recipient of John Bull’s dollars (managed by PIMCO)  is the Brazilian bond … Continue reading →

Posted in Bonds, BRICs, Commodities, Currency, Equities | Tagged , , , , , , | 5 Comments